StockNews.com Downgrades Prudential (NYSE:PUK) to Sell

Prudential (NYSE:PUK) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Prudential Price Performance

Shares of NYSE:PUK opened at $19.69 on Friday. The firm has a market capitalization of $25.90 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21. The firm’s 50-day moving average is $17.22 and its two-hundred day moving average is $16.94. Prudential has a 1 year low of $14.39 and a 1 year high of $21.10.

Institutional Trading of Prudential

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP purchased a new stake in Prudential during the fourth quarter worth about $773,000. Two Sigma Investments LP increased its stake in shares of Prudential by 63.1% during the fourth quarter. Two Sigma Investments LP now owns 307,633 shares of the financial services provider’s stock worth $4,904,000 after buying an additional 119,069 shares during the period. Millennium Management LLC increased its stake in shares of Prudential by 15.5% during the fourth quarter. Millennium Management LLC now owns 356,748 shares of the financial services provider’s stock worth $5,687,000 after buying an additional 47,994 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Prudential by 267.4% during the fourth quarter. BNP Paribas Financial Markets now owns 141,532 shares of the financial services provider’s stock worth $2,256,000 after buying an additional 103,005 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Prudential by 575.1% during the fourth quarter. Jane Street Group LLC now owns 72,470 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 61,735 shares during the period. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential 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.