Prudential Public (NYSE:PUK) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• Prudential Public (NYSE: PUK) received a "hold (C+)" rating from Weiss Ratings, while UBS Group reaffirmed a "buy" rating and Wall Street Zen downgraded the stock to "hold."
• The company's stock price recently increased by $0.46 to $27.56, with a market cap of $35.39 billion and a P/E ratio of 11.88.
• Institutional investors have been increasing their stakes in Prudential Public, with significant boosts in holdings reported from firms like JPMorgan Chase & Co. and BNP Paribas Financial Markets.

Prudential Public (NYSE:PUK - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Several other equities research analysts have also issued reports on the stock. UBS Group reaffirmed a "buy" rating on shares of Prudential Public in a report on Thursday, August 28th. Wall Street Zen downgraded shares of Prudential Public from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Barclays reiterated an "overweight" rating on shares of Prudential Public in a report on Monday, September 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Prudential Public has an average rating of "Moderate Buy".

Prudential Public Price Performance

Shares of PUK stock traded up $0.46 on Tuesday, hitting $27.56. 1,727,069 shares of the company's stock were exchanged, compared to its average volume of 963,791. The stock has a market cap of $35.39 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02. Prudential Public has a 12 month low of $14.39 and a 12 month high of $28.32. The company has a 50 day moving average of $27.04 and a 200 day moving average of $24.39.

Hedge Funds Weigh In On Prudential Public

A number of institutional investors and hedge funds have recently modified their holdings of PUK. Causeway Capital Management LLC increased its stake in Prudential Public by 10.1% in the first quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider's stock valued at $50,604,000 after purchasing an additional 216,828 shares in the last quarter. Northern Trust Corp grew its stake in shares of Prudential Public by 8.3% in the 1st quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider's stock valued at $40,380,000 after buying an additional 144,354 shares during the period. Bank of Montreal Can boosted its holdings in Prudential Public by 6.9% in the second quarter. Bank of Montreal Can now owns 1,308,520 shares of the financial services provider's stock worth $32,739,000 after acquiring an additional 84,269 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Prudential Public by 30.7% in the second quarter. JPMorgan Chase & Co. now owns 822,909 shares of the financial services provider's stock worth $20,589,000 after acquiring an additional 193,454 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Prudential Public by 99.9% in the second quarter. BNP Paribas Financial Markets now owns 819,518 shares of the financial services provider's stock worth $20,504,000 after acquiring an additional 409,517 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Prudential Public Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.

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