Prudential (NYSE:PUK) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Prudential (NYSE:PUK) from a sell rating to a hold rating in a research report released on Wednesday.

Separately, BNP Paribas raised shares of Prudential from a neutral rating to an outperform rating in a research note on Wednesday, June 26th.

Prudential Stock Down 1.5 %

Prudential stock opened at $16.76 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. The company has a 50-day moving average price of $18.53 and a 200 day moving average price of $19.37. Prudential has a 12-month low of $16.57 and a 12-month high of $26.94.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. HBK Sorce Advisory LLC boosted its stake in shares of Prudential by 6.4% in the fourth quarter. HBK Sorce Advisory LLC now owns 12,246 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 736 shares during the period. Cerity Partners LLC boosted its stake in shares of Prudential by 25.9% in the fourth quarter. Cerity Partners LLC now owns 16,658 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 3,428 shares during the period. Signaturefd LLC boosted its stake in shares of Prudential by 183.0% in the fourth quarter. Signaturefd LLC now owns 14,926 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 9,652 shares during the period. Cetera Trust Company N.A purchased a new position in shares of Prudential in the fourth quarter valued at approximately $108,000. Finally, Truist Financial Corp boosted its stake in shares of Prudential by 4.8% in the fourth quarter. Truist Financial Corp now owns 41,710 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 1,929 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

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.