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. “
A number of other research analysts also recently weighed in on the company. ValuEngine upgraded Prudential Public from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Citigroup raised shares of Prudential Public from a “neutral” rating to a “buy” rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.
Several institutional investors have recently modified their holdings of the business. Atria Investments LLC increased its stake in Prudential Public by 31.1% in the 2nd quarter. Atria Investments LLC now owns 20,969 shares of the financial services provider’s stock worth $735,000 after buying an additional 4,975 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Prudential Public during the second quarter worth approximately $237,000. Vestmark Advisory Solutions Inc. grew its stake in Prudential Public by 2.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 15,323 shares of the financial services provider’s stock worth $671,000 after buying an additional 425 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in Prudential Public by 69.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 75,489 shares of the financial services provider’s stock worth $3,308,000 after buying an additional 30,838 shares during the period. Finally, Royal Bank of Canada grew its stake in Prudential Public by 6.7% during the second quarter. Royal Bank of Canada now owns 807,225 shares of the financial services provider’s stock worth $35,373,000 after buying an additional 50,466 shares during the period. Institutional investors and hedge funds own 1.98% of the company’s stock.
Prudential Public Company Profile
Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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