Bruce G. Allen Investments LLC Trims Holdings in Prudential plc (NYSE:PUK)

Bruce G. Allen Investments LLC cut its position in shares of Prudential plc (NYSE:PUK) by 31.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,619 shares of the financial services provider’s stock after selling 751 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Prudential were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,127 shares during the period. EverSource Wealth Advisors LLC increased its stake in Prudential by 45.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 699 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Prudential by 51.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock worth $131,000 after buying an additional 2,394 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Prudential by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,507 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Prudential by 260.7% during the 3rd quarter. Blue Trust Inc. now owns 9,735 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 7,036 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Stock Performance

Shares of NYSE:PUK traded down $0.53 during trading on Friday, reaching $14.65. 1,004,464 shares of the stock were exchanged, compared to its average volume of 993,849. Prudential plc has a 12-month low of $14.63 and a 12-month high of $22.07. The firm’s 50-day moving average price is $16.19 and its 200 day moving average price is $17.09. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays raised shares of 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 research note on Monday, November 25th.

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.