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

Key Points

• Zacks Research downgraded Prudential Public (NYSE: PUK) from “hold” to “strong sell,” while broader analyst opinion remains mixed, with MarketBeat reporting an average rating of “hold.”
• PUK shares opened at $27.62, down 0.9%, and were trading below both their 50-day moving average of $28.02 and 200-day moving average of $29.28.
• Institutional investors made notable percentage increases to their positions, but institutions and hedge funds collectively owned only 1.90% of the stock.

Prudential Public (NYSE:PUK - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Prudential Public in a report on Monday, July 6th. Jefferies Financial Group lowered shares of Prudential Public from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 22nd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Prudential Public presently has an average rating of "Hold".

Prudential Public Trading Down 0.9%

NYSE:PUK opened at $27.62 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The stock's 50 day moving average price is $28.02 and its 200 day moving average price is $29.28. Prudential Public has a 52-week low of $24.61 and a 52-week high of $34.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC lifted its holdings in Prudential Public by 1,103.0% in the fourth quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider's stock worth $25,000 after purchasing an additional 728 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Prudential Public in the 4th quarter worth $29,000. Larson Financial Group LLC lifted its stake in Prudential Public by 626.8% during the third quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider's stock valued at $46,000 after buying an additional 1,429 shares in the last quarter. Allworth Financial LP grew its position in Prudential Public by 47.0% during the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider's stock worth $47,000 after purchasing an additional 480 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Prudential Public by 2,583.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider's stock valued at $79,000 after buying an additional 2,454 shares during the period. 1.90% of the stock is owned by institutional investors and hedge funds.

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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