Prudential Public (NYSE:PUK) Cut to “Hold” at Zacks Research

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

A number of other brokerages have also weighed in on PUK. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th. Jefferies Financial Group downgraded shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Monday, July 6th. Four investment 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, the stock has an average rating of “Moderate Buy”.

Prudential Public Stock Down 1.3%

Shares of NYSE PUK opened at $29.10 on Tuesday. The firm has a 50 day moving average price of $28.05 and a two-hundred day moving average price of $29.77. Prudential Public has a 52-week low of $24.61 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04.

Institutional Trading of Prudential Public

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Prudential Public by 5.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,406 shares of the financial services provider’s stock valued at $199,000 after buying an additional 359 shares during the period. United Capital Financial Advisors LLC lifted its stake in shares of Prudential Public by 2.8% during the 3rd quarter. United Capital Financial Advisors LLC now owns 16,966 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 469 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Prudential Public by 47.0% during the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 480 shares during the last quarter. ICONIQ Capital LLC boosted its holdings 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 acquiring an additional 531 shares during the period. Finally, M&T Bank Corp grew its position in 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 valued at $314,000 after acquiring an additional 593 shares during the last quarter. 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.