Prudential Public’s (PUK) “Hold (C+)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their hold (c+) rating on shares of Prudential Public (NYSE:PUK) in a report issued on Tuesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on PUK. UBS Group restated a “buy” rating on shares of Prudential Public in a research note on Thursday, August 28th. Barclays restated an “overweight” rating on shares of Prudential Public in a research note on Monday, September 8th. Finally, Wall Street Zen downgraded shares of Prudential Public from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Prudential Public Trading Up 1.8%

PUK opened at $27.58 on Tuesday. The company’s 50 day moving average is $27.08 and its 200-day moving average is $24.41. Prudential Public has a 1-year low of $14.39 and a 1-year high of $28.32. The company has a market cap of $35.42 billion, a P/E ratio of 11.89, a PEG ratio of 0.78 and a beta of 1.02.

Prudential Public Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 16th. Investors of record on Friday, September 5th will be given a dividend of $0.1542 per share. The ex-dividend date is Friday, September 5th. This represents a yield of 117.0%. Prudential Public’s dividend payout ratio (DPR) is currently 12.50%.

Institutional Investors Weigh In On Prudential Public

Several hedge funds have recently added to or reduced their stakes in PUK. Smartleaf Asset Management LLC boosted its position in Prudential Public by 38.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider’s stock worth $55,000 after buying an additional 707 shares during the period. SVB Wealth LLC bought a new position in Prudential Public during the 1st quarter worth approximately $60,000. MAI Capital Management raised its holdings in Prudential Public by 90.6% during the 2nd quarter. MAI Capital Management now owns 2,573 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,223 shares during the last quarter. AlphaCore Capital LLC bought a new position in Prudential Public during the 2nd quarter worth approximately $77,000. Finally, Geneos Wealth Management Inc. raised its holdings in Prudential Public by 86.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,709 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

About Prudential Public

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.