Barclays reiterated their overweight rating on shares of Prudential (LON:PRU – Free Report) in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has a GBX 1,390 ($17.46) price objective on the financial services provider’s stock.
Separately, Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,800 ($22.61) price objective on shares of Prudential in a report on Wednesday, March 20th.
Get Our Latest Stock Analysis on Prudential
Prudential Stock Performance
Prudential Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.14 per share. This is an increase from Prudential’s previous dividend of $0.06. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 28th. Prudential’s payout ratio is currently 3,265.31%.
Insider Buying and Selling at Prudential
In other Prudential news, insider Anil Wadhwani bought 57,435 shares of the stock in a transaction on Wednesday, March 27th. The stock was purchased at an average price of GBX 753 ($9.46) per share, with a total value of £432,485.55 ($543,255.31). Company insiders own 0.43% of the company’s stock.
About Prudential
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.
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