Primerica (NYSE:PRI) PT Raised to $236.00 at Jefferies Financial Group

Primerica (NYSE:PRI) had its price target increased by Jefferies Financial Group from $235.00 to $236.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other research analysts have also weighed in on the company. StockNews.com lowered Primerica from a buy rating to a hold rating in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods increased their target price on Primerica from $255.00 to $260.00 and gave the stock a market perform rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley increased their target price on Primerica from $245.00 to $250.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $255.25.

Primerica Stock Up 0.1 %

Shares of Primerica stock opened at $236.58 on Friday. Primerica has a fifty-two week low of $184.76 and a fifty-two week high of $256.56. The firm has a market cap of $8.14 billion, a PE ratio of 14.40 and a beta of 1.08. The business’s fifty day moving average is $225.24 and its two-hundred day moving average is $229.39.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $3.91 earnings per share for the quarter, missing analysts’ consensus estimates of $4.12 by ($0.21). The business had revenue of $742.83 million for the quarter, compared to analysts’ expectations of $740.57 million. Primerica had a return on equity of 27.35% and a net margin of 20.44%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.49 EPS. Equities research analysts anticipate that Primerica will post 17.66 EPS for the current year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st were issued a $0.75 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $3.00 annualized dividend and a yield of 1.27%. Primerica’s dividend payout ratio is currently 18.26%.

Insider Activity at Primerica

In related news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $222.76, for a total value of $668,280.00. Following the completion of the sale, the chief executive officer now directly owns 48,322 shares in the company, valued at approximately $10,764,208.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $222.76, for a total transaction of $668,280.00. Following the completion of the sale, the chief executive officer now directly owns 48,322 shares in the company, valued at $10,764,208.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $227.44, for a total value of $341,160.00. Following the sale, the president now owns 11,759 shares of the company’s stock, valued at $2,674,466.96. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.

Institutional Trading of Primerica

Large investors have recently modified their holdings of the business. ORG Partners LLC acquired a new position in Primerica in the fourth quarter worth about $26,000. Benjamin F. Edwards & Company Inc. grew its stake in Primerica by 493.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 148 shares in the last quarter. Sound Income Strategies LLC grew its stake in Primerica by 121.9% in the fourth quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 128 shares in the last quarter. GAMMA Investing LLC acquired a new position in Primerica in the fourth quarter worth about $133,000. Finally, O Dell Group LLC acquired a new position in Primerica in the fourth quarter worth about $153,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.