Prudential (NYSE:PUK) Hits New 52-Week Low – Time to Sell?

Shares of Prudential plc (NYSE:PUK) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.39 and last traded at $14.54, with a volume of 1338857 shares. The stock had previously closed at $14.64.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays upgraded Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th. StockNews.com downgraded Prudential from a “hold” rating to a “sell” rating in a research note on Monday, November 25th.

Prudential Trading Down 0.7 %

The company has a fifty day simple moving average of $16.11 and a 200-day simple moving average of $17.00. The company has a market capitalization of $19.32 billion, a PE ratio of 7.20, a PEG ratio of 0.46 and a beta of 1.20.

Hedge Funds Weigh In On Prudential

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after buying an additional 699 shares during the last quarter. Sei Investments Co. increased its stake in Prudential by 0.3% during the second quarter. Sei Investments Co. now owns 345,143 shares of the financial services provider’s stock worth $6,323,000 after acquiring an additional 921 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Prudential by 95.8% in the 4th 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 last quarter. Pathstone Holdings LLC grew its holdings in shares of Prudential by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 425,824 shares of the financial services provider’s stock worth $7,895,000 after purchasing an additional 1,995 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Prudential by 51.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 2,394 shares during the last quarter. 1.90% of the stock is 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.