Prudential Public (NYSE:PUK) Upgraded by Zacks Research to “Strong-Buy” Rating

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

A number of other research firms also recently weighed in on PUK. Jefferies Financial Group downgraded Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a report on Wednesday, April 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Prudential Public Trading Up 2.0%

Shares of PUK stock opened at $26.56 on Thursday. Prudential Public has a 1 year low of $23.88 and a 1 year high of $34.03. The firm’s fifty day simple moving average is $29.75 and its 200 day simple moving average is $30.26. 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 issued its quarterly earnings results on Saturday, February 14th. The financial services provider reported $25.85 earnings per share for the quarter. The company had revenue of $7.59 billion during the quarter. Analysts expect that Prudential Public will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in Prudential Public by 86.6% during the first quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,709 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Prudential Public by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 12,367 shares of the financial services provider’s stock worth $309,000 after buying an additional 694 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Prudential Public by 44.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 31,077 shares of the financial services provider’s stock worth $778,000 after buying an additional 9,630 shares during the period. M&T Bank Corp acquired a new stake in Prudential Public in the 2nd quarter valued at $231,000. Finally, EverSource Wealth Advisors LLC grew its position in Prudential Public by 197.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,132 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 3,404 shares during the period. Institutional investors and hedge funds 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.