ABC Arbitrage SA Reduces Holdings in Prudential Public Limited Company $PUK

ABC Arbitrage SA reduced its stake in Prudential Public Limited Company (NYSE:PUK) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 758,332 shares of the financial services provider’s stock after selling 20,568 shares during the period. Prudential Public makes up approximately 2.1% of ABC Arbitrage SA’s portfolio, making the stock its 14th biggest position. ABC Arbitrage SA owned about 0.06% of Prudential Public worth $21,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Simon Quick Advisors LLC purchased a new position in shares of Prudential Public in the 2nd quarter valued at about $234,000. Texas Permanent School Fund Corp increased its position in shares of Prudential Public by 172.1% during the second quarter. Texas Permanent School Fund Corp now owns 52,855 shares of the financial services provider’s stock worth $1,322,000 after purchasing an additional 33,432 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Prudential Public by 30.7% in the second quarter. JPMorgan Chase & Co. now owns 822,909 shares of the financial services provider’s stock valued at $20,589,000 after buying an additional 193,454 shares during the last quarter. Allianz SE raised its position in Prudential Public by 85.1% in the 2nd quarter. Allianz SE now owns 7,541 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Prudential Public by 22.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 54,043 shares of the financial services provider’s stock valued at $1,352,000 after buying an additional 9,912 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Stock Performance

Prudential Public stock opened at $32.37 on Wednesday. The firm’s 50-day moving average is $31.44 and its 200-day moving average is $28.76. Prudential Public Limited Company has a 1 year low of $16.91 and a 1 year high of $34.03.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PUK shares. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Prudential Public in a report on Wednesday, January 7th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Prudential Public 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.