Prudential (NYSE:PUK) Stock Rating Upgraded by StockNews.com

Prudential (NYSE:PUK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Separately, BNP Paribas raised Prudential from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th.

Prudential Stock Performance

Prudential stock opened at $18.69 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.03 and a current ratio of 0.03. Prudential has a 1-year low of $17.12 and a 1-year high of $28.59. The firm’s fifty day simple moving average is $19.06 and its 200-day simple moving average is $19.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Glassman Wealth Services increased its position in Prudential by 135.7% in the 4th quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock worth $27,000 after buying an additional 681 shares during the period. Principal Securities Inc. acquired a new position in Prudential during the 4th quarter valued at $28,000. Russell Investments Group Ltd. increased its holdings in shares of Prudential by 369.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,078 shares during the period. National Bank of Canada FI increased its stake in Prudential by 198.0% during the fourth quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 1,396 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Prudential in the 1st quarter valued at approximately $75,000. Institutional investors and hedge funds own 1.90% 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.