Prudential executive director Michael McLintock has trousered nearly £700,000 from the sale of shares in the insurance giant.
He sold 120,000 shares at 577p a time, but still has nearly 800,000.
McLintock has been an executive director at the Pru since 2000. He is chief executive of M&G, an investment manager Prudential acquired in 1999.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares in Prudential have fared badly in the recent downturn, having sat above 700p before August.
In August, Prudential reported that first half profits jumped by a quarter to top expectations, driven by strong growth in Asia.
Operating profit, on an International Financial Reporting Standards (IFRS) basis, rose 25% from £0.85bn to £1.06bn, ahead of expectations of £0.96bn. IFRS basic earnings per share increased 27% from 25.4p to 32.2p.
"For the first time, both our IFRS operating profit and our [European Embedded Value] new business profit have exceeded £1bn for the first six months of the year," said chief executive Tidjane Thiam.
Top Director Buys
London Mining (LOND) Director name: Mr Luciano Ramos Amount purchased: 50,000 @ 383.00p Value: £191,500
London Mining (LOND) Director name: Mr Luciano Ramos Amount purchased: 50,000 @ 383.00p Value: £191,500
Worthington Group (WRN) Director name: Mr Peter TownsendAmount purchased: 785,000 @ 12.00p Value: £94,200
Brammer (BRAM) Director name: Mr W H WhiteleyAmount purchased: 10,700 @ 275.00p Value: £29,425
NewRiver Retail Ltd. (Reg S) (NRR) Director name: Mr David LockhartAmount purchased: 10,000 @ 240.00p Value: £24,000
Cape (CIU) Director name: Mr Tim J C Eggar Amount purchased: 2,589 @ 482.80p Value: £12,500
Top Director Sells
Prudential (PRU) Director name: Mr Michael McLintockAmount sold: 120,000 @ 577.00p Value: £692,400
-
Parental contributions to kids' university living costs could reach £14,000 a yearParents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
-
Rightmove: property asking prices hit record highNews Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
