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

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

Separately, Barclays upgraded Prudential to a “strong-buy” rating in a report on Tuesday, October 15th.

Prudential Stock Performance

Shares of PUK opened at $16.11 on Wednesday. The company has a 50 day moving average price of $15.98 and a 200-day moving average price of $16.87. Prudential has a fifty-two week low of $14.39 and a fifty-two week high of $22.07. The stock has a market capitalization of $21.40 billion, a PE ratio of 6.94, a PEG ratio of 0.35 and a beta of 1.20.

Institutional Trading of Prudential

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,127 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Prudential by 45.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 699 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Prudential by 51.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 2,394 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Prudential by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 2,507 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Prudential in the 4th quarter worth $163,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

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.