Prudential (NYSE:PUK) Shares Gap Up to $35.64

Prudential plc (NYSE:PUK)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $35.64, but opened at $36.65. Prudential shares last traded at $36.71, with a volume of 1,783 shares changing hands.

PUK has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Prudential in a research note on Tuesday, September 28th. UBS Group reissued a “buy” rating on shares of Prudential in a research note on Friday, November 26th. They noted that the move was a valuation call. Citigroup assumed coverage on Prudential in a research note on Tuesday, November 9th. They issued a “buy” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Prudential in a research report on Tuesday, September 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential in a research report on Thursday, October 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $38.00.

The company has a 50-day simple moving average of $35.89 and a two-hundred day simple moving average of $38.60.

A number of hedge funds have recently bought and sold shares of the business. Truist Financial Corp boosted its position in Prudential by 1.6% in the third quarter. Truist Financial Corp now owns 17,547 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 272 shares during the last quarter. Ellevest Inc. boosted its position in Prudential by 73.9% in the third quarter. Ellevest Inc. now owns 720 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 306 shares during the last quarter. Marietta Investment Partners LLC boosted its position in Prudential by 5.1% in the second quarter. Marietta Investment Partners LLC now owns 8,851 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 429 shares during the last quarter. M&T Bank Corp boosted its position in Prudential by 5.0% in the third quarter. M&T Bank Corp now owns 9,758 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 465 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Prudential by 10.4% in the second quarter. HighTower Advisors LLC now owns 6,207 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 585 shares during the last quarter. 1.59% of the stock is currently owned by institutional investors and hedge funds.

Prudential Company Profile (NYSE:PUK)

Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the Asia and U.S. geographical segments. The Asia segment consists of health and protection, other life insurance, mutual funds, selected personal lines property and casualty insurance, group insurance, and institutional fund management.

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