HighTower Advisors LLC Buys 20,180 Shares of Prudential plc (NYSE:PUK)

HighTower Advisors LLC lifted its stake in shares of Prudential plc (NYSE:PUK) by 98.2% during the third quarter, Holdings Channel.com reports. The firm owned 40,722 shares of the financial services provider’s stock after buying an additional 20,180 shares during the period. HighTower Advisors LLC’s holdings in Prudential were worth $758,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Marshall Wace LLP raised its holdings in Prudential by 13.5% during the 2nd quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock worth $19,723,000 after purchasing an additional 128,124 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Prudential during the third quarter worth approximately $19,505,000. Envestnet Asset Management Inc. lifted its holdings in Prudential by 8.5% in the second quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider’s stock valued at $16,829,000 after buying an additional 72,093 shares during the period. Bank of Montreal Can boosted its stake in Prudential by 15.0% in the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after acquiring an additional 103,625 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Prudential by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 762,032 shares of the financial services provider’s stock worth $13,960,000 after acquiring an additional 4,082 shares during the period. 1.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PUK has been the subject of several analyst reports. StockNews.com lowered Prudential from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Barclays raised shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th.

Prudential Trading Down 3.3 %

Shares of Prudential stock opened at $15.60 on Thursday. The stock’s fifty day simple moving average is $16.64 and its 200 day simple moving average is $17.39. The company has a market capitalization of $20.81 billion, a PE ratio of 7.72, a PEG ratio of 0.46 and a beta of 1.21. Prudential plc has a 12 month low of $15.10 and a 12 month high of $22.52.

Prudential 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.