Fmr LLC Sells 201,550 Shares of Prudential plc (NYSE:PUK)

Fmr LLC decreased its holdings in shares of Prudential plc (NYSE:PUK) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 721,444 shares of the financial services provider’s stock after selling 201,550 shares during the quarter. Fmr LLC owned about 0.05% of Prudential worth $13,376,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 699 shares during the period. Blue Trust Inc. boosted its stake in Prudential by 202.2% during the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,806 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Prudential by 19.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 760 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in 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 period. Finally, Ritholtz Wealth Management acquired a new position in Prudential in the 2nd quarter valued at approximately $190,000. Institutional investors own 1.90% of the company’s stock.

Prudential Price Performance

Shares of PUK opened at $17.05 on Wednesday. Prudential plc has a 1 year low of $15.10 and a 1 year high of $22.93. The stock has a 50 day simple moving average of $16.93 and a 200-day simple moving average of $17.52.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays raised Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com cut Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th.

Prudential Company Profile

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.