Prudential PLC (NYSE:PUK)’s share price fell 2.2% during mid-day trading on Friday . The company traded as low as $33.90 and last traded at $33.94, with a volume of 553,637 shares traded. The stock had previously closed at $34.72.

A number of research firms have recently issued reports on PUK. Societe Generale downgraded Prudential PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. JPMorgan Chase & Co. downgraded Prudential PLC from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 5th. Zacks Investment Research downgraded Prudential PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, BNP Paribas initiated coverage on Prudential PLC in a research report on Thursday, March 24th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $49.50.

The company has a market cap of $43.68 billion and a P/E ratio of 13.06. The firm’s 50 day moving average price is $35.66 and its 200 day moving average price is $37.54.

A number of large investors have bought and sold shares of PUK. Neuberger Berman Group LLC increased 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 worth $11,804,000 after buying an additional 39,887 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in Prudential PLC during the fourth quarter worth approximately $3,950,000. TD Asset Management Inc. increased its stake in 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 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 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.

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