10,735 Shares in Prudential plc (NYSE:PUK) Bought by Jane Street Group LLC

Jane Street Group LLC acquired a new stake in shares of Prudential plc (NYSE:PUK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,735 shares of the financial services provider’s stock, valued at approximately $199,000.

Other institutional investors have also recently made changes to their positions in the company. Mediolanum International Funds Ltd bought a new position in Prudential during the 3rd quarter valued at $19,505,000. StoneX Group Inc. purchased a new position in Prudential during the third quarter worth about $5,090,000. Marshall Wace LLP grew its position in Prudential by 13.5% in the 2nd quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock worth $19,723,000 after purchasing an additional 128,124 shares in the last quarter. Bank of Montreal Can increased its stake in Prudential by 15.0% in the 2nd quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after buying an additional 103,625 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Prudential by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider’s stock worth $16,829,000 after buying an additional 72,093 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PUK. Barclays upgraded Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th.

Prudential Stock Performance

Shares of Prudential stock opened at $14.66 on Monday. The stock has a market capitalization of $19.48 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.46 and a beta of 1.20. Prudential plc has a 52-week low of $14.63 and a 52-week high of $22.07. The stock’s 50-day simple moving average is $16.15 and its 200 day simple moving average is $17.03.

Prudential Company 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.