Prudential Public (NYSE:PUK) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Prudential Public (NYSE:PUK) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the company. Zacks Research upgraded Prudential Public from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research note on Wednesday, April 8th. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Prudential Public in a research note on Wednesday, January 7th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Prudential Public Price Performance

Shares of PUK stock opened at $30.75 on Wednesday. The stock’s 50-day simple moving average is $29.79 and its 200-day simple moving average is $29.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. Prudential Public has a fifty-two week low of $20.69 and a fifty-two week high of $34.03.

Prudential Public (NYSE:PUK) last announced its quarterly earnings data on Saturday, February 14th. The financial services provider reported $25.85 earnings per share for the quarter. The firm had revenue of $7.59 billion during the quarter. On average, analysts forecast that Prudential Public will post 2.16 EPS for the current year.

Prudential Public Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, March 27th will be paid a $0.3778 dividend. The ex-dividend date is Friday, March 27th. This represents a dividend yield of 272.0%.

Hedge Funds Weigh In On Prudential Public

A number of hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its position in Prudential Public by 24.0% during the first quarter. Venturi Wealth Management LLC now owns 12,888 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 2,497 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in Prudential Public by 54.9% during the first quarter. Aaron Wealth Advisors LLC now owns 25,856 shares of the financial services provider’s stock worth $735,000 after purchasing an additional 9,169 shares in the last quarter. Ritholtz Wealth Management boosted its position in Prudential Public by 22.3% during the first quarter. Ritholtz Wealth Management now owns 42,012 shares of the financial services provider’s stock worth $1,194,000 after purchasing an additional 7,669 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Prudential Public by 179.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Rehmann Capital Advisory Group purchased a new position in Prudential Public during the fourth quarter worth approximately $225,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

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.