Prudential (NYSE:PUK) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Prudential (NYSE:PUK) from a hold rating to a sell rating in a research note published on Monday morning.

A number of other research firms have also weighed in on PUK. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

Prudential Stock Performance

Shares of NYSE PUK opened at $16.33 on Monday. The stock’s 50-day moving average is $17.10 and its two-hundred day moving average is $17.75. Prudential has a 1-year low of $15.10 and a 1-year high of $22.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in Prudential by 45.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 699 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Prudential during the 2nd quarter worth approximately $44,000. Blue Trust Inc. boosted its holdings in shares of Prudential by 202.2% in the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,806 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Prudential by 98.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,342 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Prudential by 19.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider’s stock valued at $85,000 after buying an additional 760 shares during the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.

About Prudential

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.