Prudential Public (NYSE:PUK) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Prudential Public (NYSE:PUK) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. Jefferies Financial Group lowered Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Prudential Public Price Performance

Shares of PUK opened at $29.45 on Tuesday. The stock has a 50-day moving average of $28.10 and a 200-day moving average of $29.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public has a one year low of $24.61 and a one year high of $34.03.

Institutional Investors Weigh In On Prudential Public

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Prudential Public by 5.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,406 shares of the financial services provider’s stock worth $199,000 after buying an additional 359 shares during the period. United Capital Financial Advisors LLC grew its stake in Prudential Public by 2.8% in the third quarter. United Capital Financial Advisors LLC now owns 16,966 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 469 shares during the period. Allworth Financial LP boosted its position in shares of Prudential Public by 47.0% in the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 480 shares in the last quarter. ICONIQ Capital LLC grew its position in Prudential Public by 3.9% during the 2nd quarter. ICONIQ Capital LLC now owns 14,098 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 531 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Prudential Public by 6.2% in the 4th quarter. M&T Bank Corp now owns 10,081 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 593 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

About Prudential Public

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.