Prudential (NYSE:PUK) Hits New 1-Year Low – Should You Sell?

Prudential plc (NYSE:PUK) hit a new 52-week low on Wednesday . The company traded as low as $15.10 and last traded at $15.17, with a volume of 158487 shares changing hands. The stock had previously closed at $15.73.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays raised Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. StockNews.com cut shares of Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th.

Prudential Trading Down 3.0 %

The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. The stock has a 50-day moving average of $16.19 and a 200-day moving average of $17.09.

Hedge Funds Weigh In On Prudential

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP lifted its position in Prudential by 13.5% in the 2nd quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock valued at $19,723,000 after purchasing an additional 128,124 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Prudential in the third quarter valued at approximately $19,505,000. Envestnet Asset Management Inc. raised its holdings in shares of Prudential by 8.5% during the second quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider’s stock valued at $16,829,000 after buying an additional 72,093 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Prudential by 15.0% during the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock worth $15,418,000 after buying an additional 103,625 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Prudential by 5.0% in the 3rd quarter. Natixis Advisors LLC now owns 623,461 shares of the financial services provider’s stock worth $11,559,000 after buying an additional 29,672 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

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.