Primerica, Inc. (NYSE:PRI – Get Free Report) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $318.80.
PRI has been the topic of several research analyst reports. TD Cowen increased their target price on Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods lowered their target price on shares of Primerica from $335.00 to $330.00 and set a “market perform” rating for the company in a report on Friday, October 9th. Jefferies Financial Group upped their price target on Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Truist Financial cut Primerica from a “buy” rating to a “hold” rating and cut their price objective for the company from $370.00 to $320.00 in a report on Thursday, August 27th. Finally, Weiss Ratings lowered Primerica from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th.
Get Our Latest Stock Report on Primerica
Insider Buying and Selling
In related news, Director Amber Cottle sold 279 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $313.63, for a total value of $87,502.77. Following the completion of the transaction, the director directly owned 3,549 shares of the company’s stock, valued at approximately $1,113,072.87. This represents a 7.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Peter W. Schneider sold 1,800 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $312.65, for a total value of $562,770.00. Following the transaction, the president owned 8,011 shares of the company’s stock, valued at approximately $2,504,639.15. This trade represents a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,579 shares of company stock worth $1,130,573 over the last ninety days. Company insiders own 0.63% of the company’s stock.
Institutional Trading of Primerica
Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in Primerica by 1.1% in the first quarter. Pacer Advisors Inc. now owns 3,790 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 40 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Primerica by 12.5% during the 3rd quarter. Versant Capital Management Inc now owns 405 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 45 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Primerica by 3.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,510 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 48 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Primerica by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,056 shares of the financial services provider’s stock worth $848,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of Primerica by 52.6% in the 1st quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock valued at $44,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.
Primerica Stock Performance
NYSE:PRI opened at $284.44 on Monday. The firm’s 50-day moving average is $283.25 and its 200-day moving average is $278.77. Primerica has a 52-week low of $230.09 and a 52-week high of $327.28. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 11.42 and a beta of 0.86.
Primerica (NYSE:PRI – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $6.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.40 by $0.37. Primerica had a net margin of 23.20% and a return on equity of 32.45%. The company had revenue of $901.82 million during the quarter, compared to analysts’ expectations of $901.00 million. During the same quarter in the prior year, the company posted $6.33 EPS. Equities analysts predict that Primerica will post 25.22 EPS for the current year.
Primerica Company Profile
Primerica, Inc is a financial services company that focuses on serving middle-income households in the United States and Canada, as well as families in Puerto Rico. The company distributes its products and services through a network of independent representatives who provide financial education and help clients address protection, savings and investment needs.
Primerica’s principal offerings include term life insurance, investment and savings products, retirement planning solutions, and strategies for managing debt.
Recommended Stories
- Five stocks we like better than Primerica
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Primerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica and related companies with MarketBeat.com's FREE daily email newsletter.
