Prudential Public (NYSE:PUK) Lowered to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded Prudential Public (NYSE:PUK) from a "hold" to a "strong sell" in a report released Tuesday.
• Despite that downgrade, the consensus rating remains a Moderate Buy (five Buys, one Hold, one Sell), and Deutsche Bank recently initiated coverage with a Buy.
• Shares opened at $29.84, trading in a 52-week range of $17.78–$34.03 (50‑day MA $31.38, 200‑day MA $29.35), and institutional ownership is low at 1.90% despite some recent small inflows.

Prudential Public (NYSE:PUK - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Prudential Public in a research report on Wednesday, January 7th. They set a "buy" rating for the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Prudential Public in a report on Friday, January 9th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Prudential Public Price Performance

Prudential Public stock opened at $29.84 on Tuesday. Prudential Public has a fifty-two week low of $17.78 and a fifty-two week high of $34.03. The firm has a fifty day moving average price of $31.38 and a two-hundred day moving average price of $29.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group acquired a new position in shares of Prudential Public during the fourth quarter valued at about $225,000. Caitong International Asset Management Co. Ltd grew its position in Prudential Public by 3,698.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,609 shares of the financial services provider's stock worth $112,000 after buying an additional 3,514 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in Prudential Public during the fourth quarter valued at about $29,000. Compound Planning Inc. raised its holdings in Prudential Public by 12.2% in the 4th quarter. Compound Planning Inc. now owns 23,748 shares of the financial services provider's stock valued at $739,000 after acquiring an additional 2,581 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Prudential Public by 81.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 51,521 shares of the financial services provider's stock valued at $1,603,000 after acquiring an additional 23,088 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.