Prudential (NYSE:PUK) Stock Rating Lowered by StockNews.com

Prudential (NYSE:PUK) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

PUK has been the subject of a number of other research reports. Barclays raised Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft downgraded Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Prudential Stock Performance

Shares of PUK stock opened at $16.10 on Monday. Prudential has a fifty-two week low of $15.10 and a fifty-two week high of $23.13. The stock’s 50-day simple moving average is $17.11 and its 200-day simple moving average is $17.76.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PUK. Russell Investments Group Ltd. raised its stake in shares of Prudential by 98.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock worth $52,000 after buying an additional 1,342 shares during the period. Virtu Financial LLC purchased a new stake in shares of Prudential during the first quarter worth approximately $492,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Prudential during the second quarter worth approximately $44,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Prudential by 16.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 59,749 shares of the financial services provider’s stock worth $1,095,000 after purchasing an additional 8,307 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Prudential by 202.2% during the second quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,806 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.

About Prudential

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.