Prudential plc (NYSE:PUK) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its position in Prudential plc (NYSE:PUK) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,281 shares of the financial services provider’s stock after selling 5,815 shares during the quarter. Atria Investments Inc’s holdings in Prudential were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PUK. EverSource Wealth Advisors LLC raised its position in Prudential by 45.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 699 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Prudential in the second quarter valued at about $44,000. Blue Trust Inc. raised its position in Prudential by 202.2% in the second quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,806 shares during the period. Russell Investments Group Ltd. raised its position in Prudential by 98.0% in 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 during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Prudential in the first quarter valued at about $75,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Stock Up 1.8 %

Shares of NYSE PUK opened at $16.13 on Friday. Prudential plc has a 1 year low of $15.10 and a 1 year high of $23.73. The stock’s 50-day simple moving average is $17.16 and its 200-day simple moving average is $17.92.

Prudential Cuts Dividend

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

Analyst Ratings Changes

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

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.