Zacks Research Downgrades Prudential Public (NYSE:PUK) to Strong Sell

Prudential Public (NYSE:PUK) was downgraded by stock analysts 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 analysts also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th. Jefferies Financial Group downgraded shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Prudential Public Trading Down 0.9%

PUK stock opened at $27.62 on Wednesday. The stock has a 50-day simple moving average of $28.02 and a 200-day simple moving average of $29.28. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. Prudential Public has a 1 year low of $24.61 and a 1 year high of $34.03.

Institutional Investors Weigh In On Prudential Public

Several large investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group acquired a new position in shares of Prudential Public in the second quarter worth about $249,000. Madison Asset Management LLC purchased a new stake in Prudential Public in the 2nd quarter worth about $2,366,000. Gradient Investments LLC boosted its position in Prudential Public by 7.2% during the 2nd quarter. Gradient Investments LLC now owns 184,961 shares of the financial services provider’s stock worth $4,959,000 after acquiring an additional 12,388 shares during the period. Trust Point Inc. grew its stake in Prudential Public by 14.3% during the 2nd quarter. Trust Point Inc. now owns 8,334 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Prudential Public by 12.6% in the 1st quarter. Parallel Advisors LLC now owns 8,221 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 919 shares during the period. 1.90% of the stock is owned by institutional investors.

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.