Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Prudential Public Limited Company $PUK

Northwestern Mutual Wealth Management Co. increased its stake in shares of Prudential Public Limited Company (NYSE:PUK) by 438.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 105,131 shares of the financial services provider’s stock after acquiring an additional 85,615 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Prudential Public were worth $3,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Atlatl Advisers LLC grew its holdings in shares of Prudential Public by 1.7% during the third quarter. Atlatl Advisers LLC now owns 21,935 shares of the financial services provider’s stock worth $614,000 after buying an additional 359 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Prudential Public by 59.9% during the third quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Prudential Public by 70.7% during the third quarter. Westside Investment Management Inc. now owns 1,070 shares of the financial services provider’s stock worth $30,000 after buying an additional 443 shares during the last quarter. United Capital Financial Advisors LLC grew its holdings in shares of Prudential Public by 2.8% during the third quarter. United Capital Financial Advisors LLC now owns 16,966 shares of the financial services provider’s stock worth $475,000 after buying an additional 469 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Prudential Public by 47.0% during the fourth quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock worth $47,000 after buying an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Stock Performance

Shares of NYSE:PUK opened at $30.49 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public Limited Company has a 52 week low of $22.14 and a 52 week high of $34.03. The company has a 50-day moving average price of $30.07 and a 200 day moving average price of $30.33.

Prudential Public (NYSE:PUK) last announced its quarterly earnings data on Saturday, February 14th. The financial services provider reported $25.85 EPS for the quarter. The firm had revenue of $7.59 billion during the quarter. As a group, research analysts predict that Prudential Public Limited Company will post 2.16 EPS for the current fiscal year.

Prudential Public Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 13th. Investors of record on Friday, March 27th were given a $0.3778 dividend. The ex-dividend date was Friday, March 27th. This represents a yield of 272.0%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. Zacks Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Jefferies Financial Group lowered Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Prudential Public

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.