Prudential Public (NYSE:PUK) Shares Gap Down – Should You Sell?

Prudential Public Limited Company (NYSE:PUK)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $28.56, but opened at $26.53. Prudential Public shares last traded at $26.7420, with a volume of 582,284 shares trading hands.

Analysts Set New Price Targets

PUK has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Wednesday, April 8th. Jefferies Financial Group lowered Prudential Public from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Finally, Zacks Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Prudential Public has a consensus rating of “Moderate Buy”.

Prudential Public Stock Down 2.3%

The business has a 50 day moving average of $30.02 and a 200 day moving average of $30.33. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.

Prudential Public (NYSE:PUK) last announced its quarterly earnings results on Saturday, February 14th. The financial services provider reported $25.85 EPS for the quarter. The business had revenue of $7.59 billion during the quarter. Sell-side analysts anticipate that Prudential Public Limited Company will post 2.16 EPS for the current fiscal year.

Prudential Public Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, March 27th were issued a $0.3778 dividend. The ex-dividend date was Friday, March 27th. This represents a yield of 272.0%.

Hedge Funds Weigh In On Prudential Public

A number of institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Prudential Public by 5.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,406 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 359 shares in the last quarter. Bessemer Group Inc. raised its holdings in Prudential Public by 59.9% in the third quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Prudential Public by 70.7% in the third quarter. Westside Investment Management Inc. now owns 1,070 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 443 shares in the last quarter. United Capital Financial Advisors LLC raised its holdings in Prudential Public by 2.8% in the third quarter. United Capital Financial Advisors LLC now owns 16,966 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 469 shares in the last quarter. Finally, Allworth Financial LP raised 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 purchasing an additional 480 shares in the last quarter. Institutional investors own 1.90% of the company’s stock.

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.