Prudential Public (NYSE:PUK) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Prudential Public (NYSE:PUK) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Prudential Public in a research report on Wednesday, January 7th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Prudential Public Stock Down 2.5%

NYSE:PUK opened at $29.07 on Tuesday. The business has a 50 day simple moving average of $31.34 and a 200-day simple moving average of $29.35. Prudential Public has a 1 year low of $17.78 and a 1 year high of $34.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC raised its position in Prudential Public by 1,103.0% during the 4th quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Prudential Public during the 4th quarter worth $29,000. Bessemer Group Inc. grew its position in shares of Prudential Public by 59.9% during the 3rd quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Prudential Public by 70.7% during the third quarter. Westside Investment Management Inc. now owns 1,070 shares of the financial services provider’s stock valued at $30,000 after buying an additional 443 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Prudential Public by 47.0% during the fourth quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock valued at $47,000 after buying an additional 480 shares during the period. Institutional investors own 1.90% of the company’s stock.

Prudential Public Company Profile

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.