Prudential plc (NYSE:PUK) Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Prudential plc (NYSE:PUK) by 95.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,303 shares of the financial services provider’s stock after purchasing an additional 1,127 shares during the period. GAMMA Investing LLC’s holdings in Prudential were worth $37,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PUK. EverSource Wealth Advisors LLC lifted its position in Prudential by 45.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after buying an additional 699 shares in the last quarter. Sei Investments Co. increased its stake in shares of Prudential by 0.3% in the second quarter. Sei Investments Co. now owns 345,143 shares of the financial services provider’s stock worth $6,323,000 after acquiring an additional 921 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Prudential by 0.5% during the third quarter. Pathstone Holdings LLC now owns 425,824 shares of the financial services provider’s stock worth $7,895,000 after acquiring an additional 1,995 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Prudential by 51.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 2,394 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Prudential by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,107 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 2,455 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Stock Performance

Shares of PUK opened at $14.72 on Wednesday. Prudential plc has a 52 week low of $14.39 and a 52 week high of $22.07. The firm has a market capitalization of $19.56 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.46 and a beta of 1.20. The company has a 50-day simple moving average of $16.07 and a 200-day simple moving average of $16.98.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PUK shares. StockNews.com downgraded Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th.

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.