Latest news with #PrudentialPlc
Yahoo
26-05-2025
- Business
- Yahoo
Prudential plc's (LON:PRU) institutional investors lost 4.6% last week but have benefitted from longer-term gains
Institutions' substantial holdings in Prudential implies that they have significant influence over the company's share price 50% of the business is held by the top 19 shareholders Recent purchases by insiders We check all companies for important risks. See what we found for Prudential in our free report. To get a sense of who is truly in control of Prudential plc (LON:PRU), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 80% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Institutional investors endured the highest losses after the company's market cap fell by UK£1.1b last week. However, the 10% one-year return to shareholders may have helped lessen their pain. They should, however, be mindful of further losses in the future. Let's take a closer look to see what the different types of shareholders can tell us about Prudential. See our latest analysis for Prudential Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Prudential already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Prudential, (below). Of course, keep in mind that there are other factors to consider, too. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in Prudential. BlackRock, Inc. is currently the largest shareholder, with 7.8% of shares outstanding. With 5.5% and 5.0% of the shares outstanding respectively, Norges Bank Investment Management and The Vanguard Group, Inc. are the second and third largest shareholders. After doing some more digging, we found that the top 19 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our data suggests that insiders own under 1% of Prudential plc in their own names. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own UK£6.6m of stock. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling. With a 13% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Prudential. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand Prudential better, we need to consider many other factors. Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Mint
22-05-2025
- Business
- Mint
Tata Digital CEO Naveen Tahilyani steps down to join Prudential Plc
Naveen Tahilyani has resigned as chief executive officer and managing director of Tata Digital after a brief one-year stint, following efforts to scale the firm's super-app model that has seen sluggish growth. Tahilyani will join UK-based asset management firm Prudential Plc as the regional CEO for India, Africa, Cambodia, Laos, and Myanmar, with additional responsibility of the health vertical, the firm said in a statement on Thursday. Tahilyani will join Prudential's business and group executive committee on 29 July, reporting to Prudential's CEO Anil Wadhwani, and will be based in India. Tahilyani's departure raises fresh challenges for Tata Digital. Since Tata Digital was founded in 2019, parent Tata Sons, under chairman Natarajan Chandrasekaran, has invested over ₹ 18,000 crore in buying companies like BigBasket and 1MG to build a super-app business. But it has remained a pipe dream. Tata Digital's balance sheet remains far from healthy. In the year ended March 2024, its revenue almost doubled to ₹ 421 crore, while its losses narrowed from ₹ 1,370 crore in FY23 to ₹ 1,201 crore. The CEO's departure comes at a crucial juncture for Tata Digital that has been trying to revive its super-app dreams through Neu, set up in April 2022. It is now banking on quick commerce to take on Swiggy Instamart, Zomato-owned Blinkit and Zepto. The firm has also seen a host of top-level exits in recent years, with the firm's president Mukesh Bansal stepping away from daily operations in early 2023. Tahilyani replaced Pratik Pal as CEO of Tata Digital in February 2024 who served for over five years. Tata Group's ambitious super-app Neu was crucial for the conglomerate as it looked to beat rival firms Adani and Reliance on its digital strategy. Mint reported in 2023 that the super-app is expected to meet just half of the sales target in its debut year, which forced the sprawling Indian corporate to review its digital strategy. Tahilyani was earlier the MD and CEO of Tata AIA for seven years across two separate stints, with a period in between leading AIA's Group Partnership Distribution business across Asia. Prior to his insurance career, he spent 17 years in McKinsey advising banks and insurance companies in Asia. Commenting on Naveen's appointment, Prudential Plc's CEO Anil Wadhwani said, 'Continuing to build our Health pillar, and driving growth across India, Africa, the Philippines, as well as Cambodia, Laos and Myanmar are strategic gamechangers for Prudential. I am confident Naveen is the right leader in the right location to deliver the impact we need.'
Bloomberg
04-03-2025
- Business
- Bloomberg
Prudential Is Said to Seek $12 Billion Value on India JV Listing
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Prudential Plc is considering seeking a valuation of about $12 billion for ICICI Prudential Asset Management Co. in a potential initial public offering of the Indian unit, according to people familiar with the matter.
