Prudential Public (PUK) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Prudential Public (NYSE:PUK) from a sell rating to a hold rating in a research report released on Thursday morning.
According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “
Other research analysts have also issued reports about the company. ValuEngine raised Prudential Public from a sell rating to a hold rating in a research report on Friday, December 21st. Royal Bank of Canada reissued a neutral rating on shares of Prudential Public in a research report on Wednesday. Evercore ISI raised Prudential Public from an in-line rating to an outperform rating in a research report on Wednesday, January 9th. Finally, Societe Generale lowered Prudential Public from a hold rating to a sell rating in a research report on Tuesday, January 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $57.00.
Several hedge funds have recently bought and sold shares of PUK. FNY Investment Advisers LLC acquired a new stake in shares of Prudential Public in the 4th quarter valued at about $558,000. Moody National Bank Trust Division acquired a new stake in shares of Prudential Public in the 4th quarter valued at about $43,000. BB&T Corp grew its stake in shares of Prudential Public by 24.1% in the 4th quarter. BB&T Corp now owns 29,792 shares of the financial services provider’s stock valued at $1,053,000 after buying an additional 5,779 shares during the period. Capital Bank & Trust Co grew its stake in shares of Prudential Public by 10.0% in the 3rd quarter. Capital Bank & Trust Co now owns 202,093 shares of the financial services provider’s stock valued at $9,274,000 after buying an additional 18,364 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Prudential Public by 19.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 70,632 shares of the financial services provider’s stock valued at $2,497,000 after buying an additional 11,692 shares during the period. 1.65% of the stock is owned by hedge funds and other institutional investors.
About Prudential Public
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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