Madison Asset Management LLC Buys New Stake in Prudential Public Limited Company $PUK

Key Points

• Madison Asset Management opened a new position in Prudential Public, purchasing 88,248 shares valued at approximately $2.37 million. Several other institutional investors also increased their holdings, though institutions collectively own just 1.90% of the company.
• Analyst sentiment remains generally positive: four analysts rate the stock a Buy and three rate it a Hold, resulting in a MarketBeat consensus rating of “Moderate Buy.”
• PUK shares were down 0.9% at $27.62, below both the 50-day moving average of $28.02 and the 200-day moving average of $29.28; the stock has traded between $24.61 and $34.03 over the past year.

Madison Asset Management LLC bought a new stake in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 88,248 shares of the financial services provider's stock, valued at approximately $2,366,000.

Other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its stake in shares of Prudential Public by 86.6% in the first quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider's stock worth $79,000 after purchasing an additional 1,709 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Prudential Public by 5.9% during the second quarter. Rhumbline Advisers now owns 12,367 shares of the financial services provider's stock valued at $309,000 after purchasing an additional 694 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Prudential Public by 44.9% during the second quarter. Russell Investments Group Ltd. now owns 31,077 shares of the financial services provider's stock valued at $778,000 after purchasing an additional 9,630 shares in the last quarter. M&T Bank Corp acquired a new stake in Prudential Public in the second quarter worth about $231,000. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 worth $128,000 after purchasing an additional 3,404 shares during the period. Institutional investors and hedge funds own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Prudential Public in a research report on Monday, July 6th. Zacks Research downgraded shares of Prudential Public from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential Public in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Prudential Public Stock Down 0.9%

Shares of PUK stock opened at $27.62 on Friday. Prudential Public Limited Company has a 1 year low of $24.61 and a 1 year high of $34.03. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The business's fifty day moving average is $28.02 and its 200-day moving average is $29.28.

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.

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