Prudential Public (NYSE:PUK) Downgraded by Zacks Research to “Hold”

Prudential Public (NYSE:PUK) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other analysts have also commented on PUK. Jefferies Financial Group lowered Prudential Public from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Prudential Public Price Performance

PUK opened at $29.45 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. Prudential Public has a 52-week low of $24.61 and a 52-week high of $34.03. The stock’s 50 day moving average price is $28.10 and its 200-day moving average price is $29.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gradient Investments LLC raised its position in shares of Prudential Public by 7.2% in the 2nd quarter. Gradient Investments LLC now owns 184,961 shares of the financial services provider’s stock worth $4,959,000 after acquiring an additional 12,388 shares in the last quarter. Trust Point Inc. boosted its position in shares of Prudential Public by 14.3% during the second quarter. Trust Point Inc. now owns 8,334 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 1,045 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Prudential Public by 12.6% during the first quarter. Parallel Advisors LLC now owns 8,221 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 919 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Prudential Public by 5.6% during the first quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock valued at $127,100,000 after purchasing an additional 238,189 shares in the last quarter. Finally, Strategic Investment Advisors MI purchased a new stake in Prudential Public in the first quarter worth $166,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

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.