Verition Fund Management LLC Purchases Shares of 42,498 Prudential plc (NYSE:PUK)

Verition Fund Management LLC bought a new position in shares of Prudential plc (NYSE:PUK - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,498 shares of the financial services provider's stock, valued at approximately $788,000.

Several other institutional investors and hedge funds have also bought and sold shares of PUK. Bank of Montreal Can increased its holdings in shares of Prudential by 15.0% in the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider's stock worth $15,418,000 after purchasing an additional 103,625 shares during the period. Crossmark Global Holdings Inc. grew its position in Prudential by 47.6% during the third quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider's stock worth $2,049,000 after buying an additional 35,668 shares in the last quarter. StoneX Group Inc. bought a new position in Prudential in the 3rd quarter worth about $5,090,000. Creative Planning raised its holdings in shares of Prudential by 96.8% in the 2nd quarter. Creative Planning now owns 70,751 shares of the financial services provider's stock valued at $1,296,000 after acquiring an additional 34,799 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Prudential during the 2nd quarter valued at about $678,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Price Performance

Shares of PUK traded down $0.22 during midday trading on Tuesday, reaching $17.05. The stock had a trading volume of 831,511 shares, compared to its average volume of 987,780. The company's 50-day moving average is $16.93 and its 200 day moving average is $17.52. Prudential plc has a 12-month low of $15.10 and a 12-month high of $22.93.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays upgraded shares of Prudential to a "strong-buy" rating in a research report on Tuesday, October 15th. StockNews.com lowered shares of Prudential from a "hold" rating to a "sell" rating in a report 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.