Prudential (LON:PRU – Free Report) had its price target trimmed by JPMorgan Chase & Co. from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) in a report published on Monday, Marketbeat Ratings reports. The firm currently has an overweight rating on the financial services provider’s stock.
Separately, Deutsche Bank Aktiengesellschaft restated a buy rating and issued a GBX 1,290 ($16.96) target price on shares of Prudential in a research note on Tuesday, June 25th.
View Our Latest Stock Analysis on Prudential
Prudential Trading Down 1.9 %
Prudential Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 5th will be paid a $0.07 dividend. This represents a yield of 0.78%. The ex-dividend date is Thursday, September 5th. Prudential’s payout ratio is 7,083.33%.
Insider Activity
In related news, insider George David Sartorel purchased 8,000 shares of the company’s stock in a transaction dated Thursday, July 4th. The shares were purchased at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). In other Prudential news, insider George David Sartorel bought 8,000 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The stock was bought at an average cost of GBX 725 ($9.53) per share, for a total transaction of £58,000 ($76,265.61). Also, insider Amy Yip purchased 4,222 shares of Prudential stock in a transaction on Tuesday, July 2nd. The stock was bought at an average price of GBX 710 ($9.34) per share, with a total value of £29,976.20 ($39,416.44). Corporate insiders own 0.29% 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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