Prudential (NYSE:PUK) Hits New 52-Week Low – Should You Sell?

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

Analyst Ratings Changes

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

Prudential Trading Up 2.0 %

The business has a fifty day moving average price of $16.07 and a 200 day moving average price of $16.98.

Institutional Trading of Prudential

A number of institutional investors have recently made changes to their positions in PUK. Choreo LLC bought a new stake in Prudential during the second quarter worth approximately $228,000. American Century Companies Inc. boosted its stake in shares of Prudential by 12.5% during the 2nd quarter. American Century Companies Inc. now owns 184,983 shares of the financial services provider’s stock worth $3,389,000 after acquiring an additional 20,516 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Prudential by 39.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 146,150 shares of the financial services provider’s stock worth $2,677,000 after acquiring an additional 41,033 shares during the last quarter. Envestnet Asset Management Inc. raised its position 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 worth $16,829,000 after purchasing an additional 72,093 shares during the period. Finally, Wealth Alliance boosted its position in shares of Prudential by 67.9% in the 2nd quarter. Wealth Alliance now owns 22,318 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 9,024 shares during the period. 1.90% of the stock is 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.