1,052,023 Shares in Prudential plc (NYSE:PUK) Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd purchased a new position in Prudential plc (NYSE:PUK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,052,023 shares of the financial services provider’s stock, valued at approximately $19,505,000. Mediolanum International Funds Ltd owned approximately 0.08% of Prudential at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Prudential by 98.0% during the first quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,342 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Prudential by 8.9% during the first quarter. Sei Investments Co. now owns 344,222 shares of the financial services provider’s stock valued at $6,633,000 after buying an additional 28,124 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Prudential during the first quarter valued at $75,000. Bank of Montreal Can increased its position in Prudential by 15.0% during the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after acquiring an additional 103,625 shares during the last quarter. Finally, Creative Planning increased its position in Prudential by 96.8% during the second quarter. Creative Planning now owns 70,751 shares of the financial services provider’s stock valued at $1,296,000 after acquiring an additional 34,799 shares during the last quarter. Institutional investors own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, Barclays raised Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th.

Prudential Price Performance

Prudential stock traded down $0.12 during midday trading on Friday, reaching $16.87. 156,962 shares of the stock traded hands, compared to its average volume of 952,949. The stock’s fifty day moving average is $17.38 and its 200-day moving average is $18.11. Prudential plc has a 12 month low of $15.77 and a 12 month high of $23.73.

Prudential Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th were paid a $0.1368 dividend. The ex-dividend date of this dividend was Friday, September 6th.

Prudential Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.