Prudential (NYSE:PUK) Rating Lowered to “Sell” at StockNews.com

Prudential (NYSE:PUK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Prudential Stock Up 2.6 %

NYSE PUK opened at $19.69 on Friday. Prudential has a 52 week low of $14.39 and a 52 week high of $21.10. The business’s fifty day simple moving average is $17.22 and its 200-day simple moving average is $16.94. The firm has a market cap of $25.90 billion, a PE ratio of 8.48, a P/E/G ratio of 0.41 and a beta of 1.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PUK. Crossmark Global Holdings Inc. increased its position in shares of Prudential by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 111,486 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 935 shares during the last quarter. National Bank of Canada FI increased its position in shares of Prudential by 52.6% during the 4th quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,049 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Prudential by 95.8% during the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Prudential by 417.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prudential during the 4th quarter worth about $30,000. Hedge funds and other institutional investors 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.