Prudential Public (NYSE:PUK) Shares Gap Down – Here’s What Happened

Prudential Public Limited Company (NYSE:PUK)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $28.56, but opened at $26.53. Prudential Public shares last traded at $26.7420, with a volume of 582,284 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PUK. Jefferies Financial Group downgraded Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Prudential Public Price Performance

The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $30.16 and a 200 day moving average price of $30.38.

Prudential Public (NYSE:PUK) last released its quarterly earnings data on Saturday, February 14th. The financial services provider reported $25.85 EPS for the quarter. The company had revenue of $7.59 billion during the quarter. On average, sell-side analysts forecast that Prudential Public Limited Company will post 2.16 earnings per share for the current year.

Prudential Public Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, March 27th were issued a dividend of $0.3778 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a yield of 272.0%.

Institutional Investors Weigh In On Prudential Public

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Prudential Public by 5.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,406 shares of the financial services provider’s stock worth $199,000 after buying an additional 359 shares during the period. Bessemer Group Inc. raised its stake in Prudential Public by 59.9% in the third quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares in the last quarter. Westside Investment Management Inc. raised its stake in Prudential Public by 70.7% in the third quarter. Westside Investment Management Inc. now owns 1,070 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 443 shares in the last quarter. United Capital Financial Advisors LLC raised its stake in Prudential Public by 2.8% in the third quarter. United Capital Financial Advisors LLC now owns 16,966 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 469 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Prudential Public by 47.0% in the fourth quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Public Company Profile

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.