Prudential (NYSE:PUK) Stock Price Up 3.2% – Should You Buy?

Prudential plc (NYSE:PUK)’s share price was up 3.2% during mid-day trading on Thursday . The company traded as high as $20.69 and last traded at $20.66. Approximately 623,733 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 1,018,118 shares. The stock had previously closed at $20.01.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Prudential from a “hold” rating to a “sell” rating in a research report on Friday, March 14th.

Prudential Stock Performance

The firm has a fifty day moving average of $17.50 and a 200 day moving average of $17.00. The firm has a market capitalization of $27.32 billion, a PE ratio of 8.94, a P/E/G ratio of 0.41 and a beta of 1.21.

Institutional Trading of Prudential

Several large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in Prudential by 417.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,497 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Prudential in the 4th quarter worth about $30,000. Advisors Preferred LLC acquired a new position in shares of Prudential during the fourth quarter worth approximately $31,000. GAMMA Investing LLC increased its holdings in shares of Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,127 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Prudential by 52.6% in the 4th quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,049 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.

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.