Primerica (NYSE:PRI) Given New $236.00 Price Target at Jefferies Financial Group

Primerica (NYSE:PRI) had its target price raised by Jefferies Financial Group from $235.00 to $236.00 in a research note released on Friday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the financial services provider’s stock.

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

Primerica Trading Up 0.3 %

Shares of NYSE PRI opened at $237.29 on Friday. Primerica has a 1-year low of $184.76 and a 1-year high of $256.56. The company has a market cap of $8.17 billion, a PE ratio of 14.44 and a beta of 1.09. The company has a 50-day moving average of $225.64 and a two-hundred day moving average of $229.59.

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

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Monday, May 20th. Primerica’s dividend payout ratio is currently 18.26%.

Insider Activity at Primerica

In other news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $222.76, for a total value of $668,280.00. Following the completion of the transaction, the chief executive officer now owns 48,322 shares in the company, valued at $10,764,208.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $222.76, for a total value of $668,280.00. Following the completion of the transaction, the chief executive officer now owns 48,322 shares in the company, valued at $10,764,208.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Peter W. Schneider sold 1,500 shares of the company’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 transaction of $341,160.00. Following the completion of the transaction, the president now owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC bought a new stake in shares of Primerica in the fourth quarter worth $26,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of 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 lifted its position in shares of 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 bought a new stake in shares of Primerica in the fourth quarter worth $133,000. Finally, O Dell Group LLC bought a new stake in shares of Primerica in the fourth quarter worth $153,000. 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.