Prudential Public (NYSE:PUK) Sets New 1-Year High – Still a Buy?

Shares of Prudential Public Limited Company (NYSE:PUK) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.64 and last traded at $31.52, with a volume of 36819 shares changing hands. The stock had previously closed at $31.12.

Analyst Upgrades and Downgrades

PUK has been the subject of a number of research reports. Barclays reiterated an “overweight” rating on shares of Prudential Public in a report on Monday, September 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Prudential Public Stock Performance

The company’s 50-day moving average price is $29.21 and its two-hundred day moving average price is $27.25.

Institutional Investors Weigh In On Prudential Public

Several hedge funds have recently bought and sold shares of PUK. First Affirmative Financial Network boosted its holdings in shares of Prudential Public by 9.2% during the 3rd quarter. First Affirmative Financial Network now owns 26,379 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 2,216 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Prudential Public during the 3rd quarter worth approximately $221,000. NewEdge Advisors LLC raised its position in shares of Prudential Public by 52.4% during the 3rd quarter. NewEdge Advisors LLC now owns 15,427 shares of the financial services provider’s stock valued at $432,000 after buying an additional 5,307 shares in the last quarter. United Capital Financial Advisors LLC boosted its stake in Prudential Public by 2.8% during the third quarter. United Capital Financial Advisors LLC now owns 16,966 shares of the financial services provider’s stock worth $475,000 after buying an additional 469 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Prudential Public during the third quarter valued at approximately $253,000. 1.90% of the stock is currently owned by institutional investors.

Prudential Public Company Profile

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.