Prudential Public Limited Company (NYSE:PUK) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Prudential Public “Moderate Buy”: Of six analysts, three recommend holding, two recommend buying, and one gives a strong-buy rating. The average 12-month price target is $39.30.
• PUK opened at $24.56, near its 12-month low of $24.25, compared with a 12-month high of $34.03. The company reported quarterly earnings of $0.58 per share on $3.90 billion in revenue.
• Prudential declared a dividend of $0.1776 per share, payable October 22 to shareholders of record September 11. Institutional investors own approximately 1.9% of the company.

Shares of Prudential Public Limited Company (NYSE:PUK - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $39.30.

PUK has been the topic of several recent research reports. Wall Street Zen raised shares of Prudential Public from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Prudential Public in a research note on Monday, July 6th. Berenberg Bank set a $39.30 price objective on Prudential Public and gave the company a "buy" rating in a research note on Thursday, September 3rd. Finally, Zacks Research raised shares of Prudential Public from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st.

Prudential Public Trading Down 0.6%

PUK opened at $24.56 on Friday. The stock has a 50-day moving average price of $27.39 and a 200-day moving average price of $28.41. Prudential Public has a 12-month low of $24.25 and a 12-month high of $34.03.

Prudential Public (NYSE:PUK - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 earnings per share for the quarter. The firm had revenue of $3.90 billion for the quarter. On average, research analysts anticipate that Prudential Public will post 2.34 earnings per share for the current fiscal year.

Prudential Public Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Friday, September 11th will be paid a dividend of $0.1776 per share. This represents a dividend yield of 133.0%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of Prudential Public by 19.1% in the 3rd quarter. Versant Capital Management Inc now owns 18,956 shares of the financial services provider's stock worth $469,000 after buying an additional 3,044 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Prudential Public by 373.2% in the second quarter. WINTON GROUP Ltd now owns 70,500 shares of the financial services provider's stock worth $1,890,000 after acquiring an additional 55,600 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Prudential Public in the second quarter worth $26,000. Squarepoint Ops LLC bought a new stake in Prudential Public in the second quarter valued at $569,000. Finally, Corient Private Wealth LP boosted its holdings in Prudential Public by 8.7% in the second quarter. Corient Private Wealth LP now owns 15,939 shares of the financial services provider's stock valued at $427,000 after acquiring an additional 1,276 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.

Prudential Public Company Profile

Prudential plc NYSE: PUK is an international insurance and financial services company headquartered in London. The company focuses on serving customers in Asia and Africa, providing financial protection and long-term savings solutions through its insurance and asset management businesses.

Its principal products and services include life insurance, health and medical coverage, savings and investment products, retirement planning, and wealth management. Prudential distributes its offerings through agency networks, bancassurance partnerships, brokers, and digital channels, serving individuals, families, and businesses.

Founded in 1848, Prudential has developed a substantial presence across markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam, the Philippines, Taiwan, and selected African countries.

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