Prudential Public (NYSE:PUK) Sets New 52-Week High – Here’s Why

Prudential Public Limited Company (NYSE:PUK) shares hit a new 52-week high on Tuesday . The stock traded as high as $26.12 and last traded at $26.00, with a volume of 606005 shares traded. The stock had previously closed at $25.91.

Analyst Ratings Changes

Several equities research analysts have weighed in on PUK shares. Deutsche Bank Aktiengesellschaft raised Prudential Public from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Barclays restated an “overweight” rating on shares of Prudential Public in a research report on Thursday, May 22nd. Wall Street Zen upgraded Prudential Public from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Prudential Public currently has an average rating of “Buy”.

Prudential Public Trading Up 1.0%

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $24.88 and a 200-day moving average of $21.77. The company has a market capitalization of $34.48 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 0.77 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of Prudential Public by 38.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider’s stock valued at $55,000 after buying an additional 707 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of Prudential Public by 70.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,140 shares during the period. SVB Wealth LLC purchased a new stake in shares of Prudential Public during the 1st quarter valued at approximately $60,000. MAI Capital Management raised its position in shares of Prudential Public by 90.6% during the 2nd quarter. MAI Capital Management now owns 2,573 shares of the financial services provider’s stock valued at $64,000 after buying an additional 1,223 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in shares of Prudential Public during the 2nd quarter valued at approximately $77,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Public 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.