Primerica, Inc. (NYSE:PRI) Receives $281.67 Consensus PT from Analysts

Primerica, Inc. (NYSE:PRI) has earned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $288.33.

Several analysts have recently weighed in on PRI shares. Truist Financial boosted their price target on Primerica from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, November 8th. TD Cowen started coverage on Primerica in a report on Wednesday, October 9th. They set a “buy” rating and a $314.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Piper Sandler started coverage on Primerica in a report on Friday, August 30th. They set a “neutral” rating and a $283.00 price target on the stock. Finally, StockNews.com cut Primerica from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insider Buying and Selling

In other Primerica news, President Peter W. Schneider sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the transaction, the president now directly owns 10,259 shares of the company’s stock, valued at approximately $2,678,727.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $301.27, for a total transaction of $903,810.00. Following the transaction, the chief executive officer now directly owns 36,322 shares of the company’s stock, valued at $10,942,728.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the transaction, the president now directly owns 10,259 shares in the company, valued at $2,678,727.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock valued at $1,803,175 over the last ninety days. 0.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Primerica

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Primerica by 19.4% during the first quarter. Commonwealth Equity Services LLC now owns 2,797 shares of the financial services provider’s stock worth $708,000 after buying an additional 455 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Primerica by 75.8% during the first quarter. BNP Paribas Financial Markets now owns 4,167 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 1,797 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Primerica by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 10,126 shares of the financial services provider’s stock worth $2,561,000 after buying an additional 721 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in Primerica by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 30,661 shares of the financial services provider’s stock worth $7,756,000 after buying an additional 397 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Primerica by 136.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,322 shares of the financial services provider’s stock worth $1,599,000 after buying an additional 3,649 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Primerica Stock Down 0.8 %

Primerica stock opened at $300.18 on Thursday. Primerica has a 12-month low of $184.76 and a 12-month high of $304.84. The business’s 50-day moving average price is $271.23 and its two-hundred day moving average price is $249.88. The stock has a market cap of $10.02 billion, a PE ratio of 22.93 and a beta of 1.08.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.87. Primerica had a return on equity of 30.93% and a net margin of 14.95%. The firm had revenue of $774.13 million for the quarter, compared to analysts’ expectations of $745.25 million. During the same quarter in the previous year, the business posted $4.28 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts expect that Primerica will post 19.12 earnings per share for the current year.

Primerica Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 21st. Primerica’s dividend payout ratio is currently 27.50%.

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.