Prudential (NYSE:PUK) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Prudential (NYSE:PUK) from a hold rating to a sell rating in a report released on Monday.

PUK has been the topic of a number of other research reports. Barclays raised Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Prudential Stock Up 2.8 %

PUK opened at $16.37 on Monday. The stock’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $17.79. Prudential has a 12-month low of $15.10 and a 12-month high of $23.13.

Prudential Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th were issued a dividend of $0.1368 per share. The ex-dividend date was Friday, September 6th.

Institutional Trading of Prudential

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 699 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Prudential by 19.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 760 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Prudential by 0.3% during the 2nd quarter. Sei Investments Co. now owns 345,143 shares of the financial services provider’s stock worth $6,323,000 after purchasing an additional 921 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Prudential by 98.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Prudential by 202.2% during the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,806 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

About Prudential

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.