Prudential PLC (NYSE:PUK) saw unusually-high trading volume on Wednesday . Approximately 1,259,515 shares changed hands during trading, an increase of 10% from the previous session’s volume of 1,143,869 shares.The stock last traded at $30.40 and had previously closed at $31.47.

PUK has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Prudential PLC from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. BNP Paribas initiated coverage on shares of Prudential PLC in a report on Thursday, March 24th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Prudential PLC in a report on Monday, March 14th. Sanford C. Bernstein lowered their price target on shares of Prudential PLC from $57.50 to $49.50 and set an “outperform” rating on the stock in a report on Wednesday, March 16th. Finally, Societe Generale downgraded shares of Prudential PLC from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Prudential PLC presently has an average rating of “Hold” and an average price target of $49.50.

The firm has a market capitalization of $39.11 billion and a price-to-earnings ratio of 11.24. The company’s 50 day moving average price is $36.77 and its 200 day moving average price is $37.98.

Several large investors have added to or reduced their stakes in PUK. Neuberger Berman Group LLC raised its stake in Prudential PLC by 18.0% in the fourth quarter. Neuberger Berman Group LLC now owns 261,853 shares of the company’s stock valued at $11,804,000 after buying an additional 39,887 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Prudential PLC during the fourth quarter valued at $3,950,000. TD Asset Management Inc. increased its position in shares of Prudential PLC by 10.2% in the fourth quarter. TD Asset Management Inc. now owns 86,787 shares of the company’s stock valued at $4,319,000 after buying an additional 8,023 shares during the last quarter. Comerica Bank increased its position in shares of Prudential PLC by 2.8% in the fourth quarter. Comerica Bank now owns 99,513 shares of the company’s stock valued at $3,955,000 after buying an additional 2,744 shares during the last quarter. Finally, Hansberger Growth Investors LP increased its position in shares of Prudential PLC by 3.1% in the fourth quarter. Hansberger Growth Investors LP now owns 61,190 shares of the company’s stock valued at $2,758,000 after buying an additional 1,828 shares during the last quarter.

Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations.

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