Advisors Preferred LLC Acquires New Shares in Prudential plc (NYSE:PUK)

Advisors Preferred LLC acquired a new stake in Prudential plc (NYSE:PUK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,993 shares of the financial services provider’s stock, valued at approximately $31,000.

Other large investors have also made changes to their positions in the company. Mediolanum International Funds Ltd bought a new position in Prudential during the 3rd quarter worth about $19,505,000. StoneX Group Inc. bought a new position in Prudential during the 3rd quarter worth about $5,090,000. JPMorgan Chase & Co. increased its holdings in Prudential by 353.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider’s stock worth $5,436,000 after purchasing an additional 228,499 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Prudential during the 3rd quarter worth about $1,826,000. Finally, Point72 Asset Management L.P. bought a new position in Prudential during the 3rd quarter worth about $1,281,000. Institutional investors own 1.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PUK. StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Barclays upgraded Prudential to a “strong-buy” rating in a report on Tuesday, October 15th.

Prudential Stock Performance

Shares of NYSE PUK opened at $16.60 on Friday. The business has a 50-day moving average of $16.08 and a 200-day moving average of $16.70. Prudential plc has a fifty-two week low of $14.39 and a fifty-two week high of $21.42.

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.