Prudential PLC (NYSE:PUK) dropped 8% during trading on Tuesday . The stock traded as low as $31.35 and last traded at $31.43, with a volume of 924,028 shares. The stock had previously closed at $34.17.

PUK has been the subject of several research reports. Societe Generale downgraded shares of Prudential PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Prudential PLC in a research note on Monday, March 14th. BNP Paribas initiated coverage on shares of Prudential PLC in a research note on Thursday, March 24th. They set an “outperform” rating for the company. Sanford C. Bernstein lowered their price objective on shares of Prudential PLC from $57.50 to $49.50 and set an “outperform” rating for the company in a research note on Wednesday, March 16th. Finally, Zacks Investment Research downgraded shares of Prudential PLC from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.50.

The firm has a market capitalization of $39.85 billion and a P/E ratio of 11.45. The stock’s 50-day moving average price is $36.77 and its 200-day moving average price is $37.98.

Other large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in shares of Prudential PLC by 18.0% in the fourth quarter. Neuberger Berman Group LLC now owns 261,853 shares of the company’s stock worth $11,804,000 after buying an additional 39,887 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Prudential PLC during the fourth quarter worth approximately $3,950,000. TD Asset Management Inc. increased its stake 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 worth $4,319,000 after buying an additional 8,023 shares in the last quarter. Comerica Bank increased its stake in shares of Prudential PLC by 2.8% in the fourth quarter. Comerica Bank now owns 99,513 shares of the company’s stock worth $3,955,000 after buying an additional 2,744 shares in the last quarter. Finally, Hansberger Growth Investors LP increased its stake 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 worth $2,758,000 after buying an additional 1,828 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.