Primerica, Inc. (NYSE:PRI) Receives $260.50 Consensus Target Price from Analysts

Primerica, Inc. (NYSE:PRI) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $260.50.

PRI has been the subject of several research reports. Morgan Stanley reduced their price target on Primerica from $245.00 to $243.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. StockNews.com lowered Primerica from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Keefe, Bruyette & Woods lifted their price target on Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group boosted their target price on Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a report on Thursday, July 18th.

Primerica Trading Down 2.1 %

Shares of NYSE PRI opened at $247.08 on Tuesday. Primerica has a one year low of $184.76 and a one year high of $256.56. The firm has a market capitalization of $8.50 billion, a PE ratio of 15.04 and a beta of 1.09. The business has a 50-day moving average price of $236.66 and a two-hundred day moving average price of $235.48.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $3.91 EPS 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 analyst estimates of $740.57 million. Primerica had a return on equity of 27.35% and a net margin of 20.44%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.49 earnings per share. Research analysts anticipate that Primerica will post 17.73 EPS for the current year.

Primerica Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 21st were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.21%. The ex-dividend date was Monday, May 20th. Primerica’s dividend payout ratio is currently 18.26%.

Insiders Place Their Bets

In other Primerica news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $227.44, for a total value of $341,160.00. Following the transaction, the president now directly owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $222.76, for a total transaction of $668,280.00. Following the sale, the chief executive officer now directly owns 48,322 shares in the company, valued at $10,764,208.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $2,674,466.96. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Institutional Trading of Primerica

Institutional investors have recently bought and sold shares of the stock. ORG Partners LLC acquired a new stake in Primerica in the 4th quarter valued at $26,000. Benjamin F. Edwards & Company Inc. boosted 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. Blue Trust Inc. boosted its stake in Primerica by 45.5% in the second quarter. Blue Trust Inc. now owns 192 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 60 shares in the last quarter. GAMMA Investing LLC acquired a new position in Primerica in the fourth quarter worth $133,000. Finally, Fidelis Capital Partners LLC acquired a new position in Primerica in the first quarter worth $163,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

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.