Prudential Public Limited (NYSE:PUK) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $35.46 and last traded at $36.26, with a volume of 50476 shares changing hands. The stock had previously closed at $38.76.

A number of research analysts recently weighed in on the company. ValuEngine downgraded Prudential Public from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Zacks Investment Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Finally, Deutsche Bank reissued a “buy” rating on shares of Prudential Public in a research note on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $57.00.

The company has a market cap of $47.81 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 1.05 and a beta of 1.45.

Hedge funds have recently modified their holdings of the stock. Stevens Capital Management LP bought a new position in shares of Prudential Public in the 2nd quarter valued at approximately $334,000. Cubist Systematic Strategies LLC bought a new position in Prudential Public in the 2nd quarter worth approximately $223,000. Oppenheimer Asset Management Inc. increased its position in Prudential Public by 35.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 52,250 shares of the financial services provider’s stock worth $2,389,000 after buying an additional 13,623 shares during the period. Canada Pension Plan Investment Board bought a new position in Prudential Public in the 2nd quarter worth approximately $1,828,000. Finally, Lourd Capital LLC bought a new position in Prudential Public in the 3rd quarter worth approximately $252,000. 1.61% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Prudential Public (PUK) Reaches New 1-Year Low at $35.46” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/prudential-public-puk-reaches-new-1-year-low-at-35-46/2670508.html.

Prudential Public Company Profile (NYSE:PUK)

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.

See Also: Catch-Up Contributions

Receive News & Ratings for Prudential Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public and related companies with MarketBeat.com's FREE daily email newsletter.