Prudential Public (NYSE:PUK) Hits New 1-Year High – Here’s Why

Prudential Public Limited Company (NYSE:PUK)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $33.95 and last traded at $33.8930, with a volume of 61390 shares. The stock had previously closed at $33.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Prudential Public in a report on Wednesday, January 7th. They set a “buy” rating for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Prudential Public has an average rating of “Moderate Buy”.

Prudential Public Trading Up 0.7%

The firm has a 50-day moving average of $31.08 and a two-hundred day moving average of $28.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of Prudential Public by 241.5% during the 3rd quarter. Bank of America Corp DE now owns 2,998,803 shares of the financial services provider’s stock valued at $83,936,000 after acquiring an additional 2,120,580 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Prudential Public by 22.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,577,724 shares of the financial services provider’s stock valued at $44,176,000 after purchasing an additional 287,420 shares in the last quarter. Bank of Montreal Can increased its position in Prudential Public by 6.9% in the 2nd quarter. Bank of Montreal Can now owns 1,308,520 shares of the financial services provider’s stock worth $32,739,000 after purchasing an additional 84,269 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Prudential Public by 41.6% during the 3rd quarter. Optiver Holding B.V. now owns 1,245,566 shares of the financial services provider’s stock worth $34,863,000 after purchasing an additional 365,883 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Prudential Public by 30.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 822,909 shares of the financial services provider’s stock valued at $20,589,000 after buying an additional 193,454 shares during the last quarter. 1.90% of the stock is 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.