Prudential (NYSE:PUK) Shares Gap Up to $18.01

Prudential plc (NYSE:PUK) gapped up before the market opened on Monday . The stock had previously closed at $18.01, but opened at $19.27. Prudential shares last traded at $19.36, with a volume of 156,903 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th.

Prudential Trading Up 7.6 %

The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $18.97 and its 200 day moving average is $20.09.

Hedge Funds Weigh In On Prudential

Several large investors have recently made changes to their positions in PUK. QRG Capital Management Inc. bought a new position in Prudential in the 3rd quarter worth approximately $452,000. Envestnet Asset Management Inc. raised its stake in Prudential by 31.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 729,427 shares of the financial services provider’s stock valued at $15,989,000 after purchasing an additional 174,838 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Prudential in the 3rd quarter worth $1,068,000. Northern Trust Corp grew its position in Prudential by 11.2% in the 3rd quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock worth $29,194,000 after purchasing an additional 134,347 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Prudential by 677.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 140,250 shares of the financial services provider’s stock worth $3,074,000 after purchasing an additional 122,216 shares during the period. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Company Profile

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.