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

Prudential Public Limited Company (NYSE:PUK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.06 and last traded at $32.6360, with a volume of 102437 shares. The stock had previously closed at $32.15.

Analyst Ratings Changes

PUK has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a report on Friday, January 9th. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Prudential Public in a research report on Wednesday, January 7th. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Prudential Public Trading Up 1.4%

The firm has a fifty day simple moving average of $30.63 and a 200-day simple moving average of $28.23.

Institutional Investors Weigh In On Prudential Public

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PUK. Simon Quick Advisors LLC acquired a new stake in shares of Prudential Public in the 2nd quarter valued at approximately $234,000. Texas Permanent School Fund Corp grew its stake in shares of Prudential Public by 172.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 52,855 shares of the financial services provider’s stock worth $1,322,000 after purchasing an additional 33,432 shares during the period. JPMorgan Chase & Co. increased its holdings in Prudential Public by 30.7% in the second quarter. JPMorgan Chase & Co. now owns 822,909 shares of the financial services provider’s stock valued at $20,589,000 after buying an additional 193,454 shares in the last quarter. Allianz SE lifted its position in shares of Prudential Public by 85.1% during the 2nd quarter. Allianz SE now owns 7,541 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 3,467 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Prudential Public during the 2nd quarter worth approximately $242,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

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.