Prudential (PUK)

• Market cap: $21.2B
• 1 day: 0.06%
• 5 days: -0.56%
• 1 month: -2.38%
• 3 months: -9.20%
• 6 months: -17.50%
• Year to date: -26.22%
• 1 year: -28.08%
• 5 years: -57.09%
• 10 years: -66.38%

About: Originally established as Prudential Mutual Assurance, Investment, and Loan Association in 1848, Prudential plc has moved on a lot since then. Set up to sell life insurance and loans to the middle and then the industrializing and urbanizing working classes, the company subsequently diversified into Europe and then North America with the purchase of Jackson National Life in around 1985. During its time as owner of Jackson, Prudential focused on building out a simple chassis-style product portfolio where customers could choose a variety of add-ons. The company also became renowned for its focus on building requisite internal capabilities to support its strong product offerings, including compelling technology and a large and well-trained sales personnel.

Employees: 15,030

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0.09% less ownership

Funds ownership: 1.15% [Q2] → 1.06% (-0.09%) [Q3]

2% less funds holding

Funds holding: 190 [Q2] → 186 (-4) [Q3]

10% less capital invested

Capital invested by funds: $580M [Q2] → $525M (-$55.2M) [Q3]

12% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 34

16% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 73

78% less call options, than puts

Call options by funds: $89K | Put options by funds: $400K