Prudential (NYSE:PUK) Sees Strong Trading Volume

Shares of Prudential plc (NYSE:PUK) saw unusually-high trading volume on Thursday . Approximately 1,679,606 shares changed hands during trading, an increase of 105% from the previous session’s volume of 818,511 shares.The stock last traded at $19.25 and had previously closed at $19.30.

Prudential Stock Performance

The firm’s 50 day moving average price is $20.57 and its two-hundred day moving average price is $21.46.

Prudential Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Stockholders of record on Tuesday, April 2nd will be issued a dividend of $0.2842 per share. The ex-dividend date is Monday, April 1st. This is an increase from Prudential’s previous Semi-Annual dividend of $0.24.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Prudential by 15.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider’s stock valued at $45,159,000 after buying an additional 274,674 shares during the last quarter. Covenant Partners LLC raised its holdings in shares of Prudential by 5.9% during the 4th quarter. Covenant Partners LLC now owns 27,498 shares of the financial services provider’s stock valued at $617,000 after buying an additional 1,525 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of Prudential by 39.9% in the 4th quarter. Voloridge Investment Management LLC now owns 20,943 shares of the financial services provider’s stock worth $470,000 after buying an additional 5,972 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Prudential in the 4th quarter worth approximately $4,101,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in Prudential in the fourth quarter worth $1,012,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

About Prudential

Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.