Prudential (NYSE:PUK) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Prudential (NYSE:PUK) from a sell rating to a hold rating in a report issued on Wednesday morning.

Separately, Barclays upgraded shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th.

Prudential Trading Down 0.8 %

NYSE:PUK opened at $15.97 on Wednesday. The stock has a 50-day moving average price of $15.97 and a 200 day moving average price of $16.88. Prudential has a 12-month low of $14.39 and a 12-month high of $22.07.

Institutional Investors Weigh In On Prudential

Large investors have recently made changes to their positions in the company. Marshall Wace LLP grew 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 valued at $19,723,000 after buying an additional 128,124 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Prudential in the third quarter valued at $19,505,000. Bank of Montreal Can increased its position 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 worth $15,418,000 after purchasing an additional 103,625 shares during the last quarter. Natixis Advisors LLC raised its stake in Prudential by 5.0% during the third quarter. Natixis Advisors LLC now owns 623,461 shares of the financial services provider’s stock valued at $11,559,000 after purchasing an additional 29,672 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in Prudential by 0.5% during the third quarter. Pathstone Holdings LLC now owns 425,824 shares of the financial services provider’s stock valued at $7,895,000 after purchasing an additional 1,995 shares during the last quarter. 1.90% of the stock is owned by institutional investors.

Prudential Company 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.