Prudential (NYSE:PUK) Upgraded to Hold at StockNews.com

Prudential (NYSE:PUK) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Separately, BNP Paribas upgraded Prudential from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th.

Prudential Stock Down 0.1 %

Shares of PUK stock opened at $18.21 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.03. Prudential has a one year low of $17.12 and a one year high of $28.59. The company’s fifty day moving average price is $19.07 and its 200-day moving average price is $19.94. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.41 and a beta of 1.28.

Hedge Funds Weigh In On Prudential

Several institutional investors have recently bought and sold shares of PUK. Glassman Wealth Services boosted its holdings in shares of Prudential by 135.7% during the 4th quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 681 shares during the last quarter. Principal Securities Inc. purchased a new position in Prudential during the 4th quarter valued at approximately $28,000. Russell Investments Group Ltd. increased its stake in Prudential by 369.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,078 shares during the last quarter. National Bank of Canada FI increased its stake in Prudential by 198.0% in the 4th quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 1,396 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Prudential during the 1st quarter worth approximately $75,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

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.