Primerica, Inc. (NYSE:PRI – Get Free Report) has been assigned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $308.6667.
PRI has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Keefe, Bruyette & Woods raised their price target on shares of Primerica from $305.00 to $323.00 and gave the company a “market perform” rating in a report on Monday, July 13th. TD Cowen boosted their price objective on shares of Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised Primerica from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Finally, Jefferies Financial Group increased their price objective on Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research report on Friday, July 10th.
View Our Latest Research Report on PRI
Primerica Stock Performance
Primerica (NYSE:PRI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.45 by $0.51. The business had revenue of $872.30 million for the quarter, compared to the consensus estimate of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.02 EPS. On average, analysts anticipate that Primerica will post 24.6 EPS for the current fiscal year.
Primerica Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 21st. Primerica’s dividend payout ratio is 20.13%.
Insider Activity
In related news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $279.64, for a total value of $503,352.00. Following the completion of the sale, the president directly owned 9,811 shares in the company, valued at $2,743,548.04. This trade represents a 15.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of Primerica stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $280.49, for a total value of $420,735.00. Following the completion of the sale, the chief executive officer owned 33,696 shares of the company’s stock, valued at approximately $9,451,391.04. The trade was a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is owned by company insiders.
Institutional Investors Weigh In On Primerica
Institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. lifted its holdings in Primerica by 18.1% in the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock valued at $66,000 after buying an additional 39 shares during the period. Pacer Advisors Inc. grew its holdings in Primerica by 1.1% during the 1st quarter. Pacer Advisors Inc. now owns 3,790 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 40 shares during the period. Seeds Investor LLC grew its holdings in Primerica by 3.2% during the 4th quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 42 shares during the period. Orion Porfolio Solutions LLC grew its holdings in Primerica by 1.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 45 shares during the period. Finally, SkyView Investment Advisors LLC raised its position in shares of Primerica by 0.7% during the 4th quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.
Primerica Company Profile
Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.
In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.
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