Prudential Public (PUK) Rating Lowered to Sell at Societe Generale

Societe Generale downgraded shares of Prudential Public (NYSE:PUK) from a hold rating to a sell rating in a report published on Tuesday, Marketbeat.com reports.

Other analysts also recently issued reports about the company. Deutsche Bank restated a buy rating on shares of Prudential Public in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded Prudential Public from a sell rating to a hold rating in a research report on Tuesday, January 1st. Finally, ValuEngine upgraded Prudential Public from a sell rating to a hold rating in a research report on Friday, December 21st. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Prudential Public has a consensus rating of Hold and a consensus target price of $57.00.

Shares of PUK opened at $37.51 on Tuesday. The firm has a market capitalization of $47.43 billion, a P/E ratio of 10.02, a P/E/G ratio of 1.00 and a beta of 1.38. Prudential Public has a 52-week low of $33.31 and a 52-week high of $55.36.

A number of hedge funds have recently added to or reduced their stakes in PUK. Bank of New York Mellon Corp increased its stake in Prudential Public by 375.5% in the third quarter. Bank of New York Mellon Corp now owns 531,221 shares of the financial services provider’s stock worth $24,377,000 after purchasing an additional 419,508 shares during the period. Northern Trust Corp increased its stake in Prudential Public by 8.0% in the second quarter. Northern Trust Corp now owns 1,795,862 shares of the financial services provider’s stock worth $82,071,000 after purchasing an additional 133,385 shares during the period. Renaissance Technologies LLC purchased a new stake in Prudential Public in the second quarter worth $4,277,000. Scout Investments Inc. increased its stake in Prudential Public by 10.5% in the fourth quarter. Scout Investments Inc. now owns 526,489 shares of the financial services provider’s stock worth $18,622,000 after purchasing an additional 49,974 shares during the period. Finally, Deutsche Bank AG increased its stake in Prudential Public by 21.4% in the third quarter. Deutsche Bank AG now owns 257,896 shares of the financial services provider’s stock worth $11,834,000 after purchasing an additional 45,374 shares during the period. Institutional investors and hedge funds own 1.61% of the company’s stock.

Prudential Public Company Profile

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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Analyst Recommendations for Prudential Public (NYSE:PUK)

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