Prudential plc (NYSE:PUK) has been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company.
PUK has been the subject of several analyst reports. Credit Suisse Group restated an “outperform” rating on shares of Prudential in a report on Wednesday, September 8th. Bank of America raised shares of Prudential from a “neutral” rating to a “buy” rating in a report on Monday, August 23rd. Zacks Investment Research cut shares of Prudential from a “hold” rating to a “strong sell” rating in a report on Friday, July 23rd. UBS Group restated a “buy” rating on shares of Prudential in a report on Thursday, August 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Prudential in a research note on Tuesday, September 7th.
PUK stock traded down $0.96 on Friday, reaching $41.20. 146,878 shares of the company traded hands, compared to its average volume of 259,732. The firm has a fifty day simple moving average of $40.23 and a 200-day simple moving average of $41.39. The company has a market cap of $53.76 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 5.49 and a beta of 1.65. Prudential has a one year low of $23.99 and a one year high of $44.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.04 and a quick ratio of 0.02.
A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Prudential during the 2nd quarter valued at $292,000. Bank of America Corp DE boosted its position in Prudential by 14.0% in the second quarter. Bank of America Corp DE now owns 3,225,952 shares of the financial services provider’s stock worth $122,909,000 after purchasing an additional 397,171 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Prudential by 4.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,593,242 shares of the financial services provider’s stock valued at $60,703,000 after purchasing an additional 66,243 shares during the period. Marshall Wace LLP purchased a new position in shares of Prudential in the second quarter worth approximately $838,000. Finally, Marshall Wace North America L.P. purchased a new stake in Prudential during the second quarter valued at approximately $1,032,000. Institutional investors own 1.69% of the company’s stock.
Prudential Company Profile
Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the Asia and U.S. geographical segments. The Asia segment consists of health and protection, other life insurance, mutual funds, selected personal lines property and casualty insurance, group insurance, and institutional fund management.
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