Prudential Public (NYSE:PUK) Rating Lowered to “Hold” at Zacks Research

Prudential Public (NYSE:PUK) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research note on Monday, July 6th. Finally, Jefferies Financial Group lowered Prudential Public from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Prudential Public Stock Up 2.0%

Shares of PUK stock opened at $29.45 on Tuesday. 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 company has a 50-day simple moving average of $28.10 and a two-hundred day simple moving average of $29.79. Prudential Public has a 52-week low of $24.61 and a 52-week high of $34.03.

Institutional Trading of Prudential Public

Institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC raised its holdings in Prudential Public by 1,103.0% during the 4th quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider’s stock valued at $25,000 after buying an additional 728 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of Prudential Public in the 4th quarter worth about $29,000. Allworth Financial LP lifted its holdings 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 worth $47,000 after buying an additional 480 shares during the period. Larson Financial Group LLC lifted its position in Prudential Public by 626.8% during the third quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,429 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Prudential Public by 2,583.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider’s stock valued at $79,000 after buying an additional 2,454 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

About Prudential Public

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.