Prudential Public (NYSE:PUK) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Prudential Public (NYSE:PUK) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday,Zacks.com reports.

PUK has been the topic of a number of other research reports. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. Finally, Jefferies Financial Group cut Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Prudential Public Price Performance

NYSE:PUK opened at $27.62 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public has a one year low of $24.61 and a one year high of $34.03. The business has a fifty day moving average price of $28.02 and a 200-day moving average price of $29.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PUK. Manchester Capital Management LLC lifted its position in Prudential Public by 1,103.0% during the fourth quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 728 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Prudential Public in the 4th quarter worth about $29,000. Larson Financial Group LLC raised its position in shares of Prudential Public by 626.8% during the 3rd 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 in the last quarter. Allworth Financial LP raised its position in shares of Prudential Public by 47.0% during the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock valued at $47,000 after buying an additional 480 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Prudential Public by 2,583.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 2,454 shares during the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

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.