Primerica, Inc. (NYSE:PRI) Given Average Recommendation of “Hold” by Brokerages

Primerica, Inc. (NYSE:PRI) has received a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $308.6667.

Several research analysts have weighed in on PRI shares. Weiss Ratings upgraded shares of Primerica from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, July 24th. TD Cowen raised their price objective on Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group lifted their price objective on Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Keefe, Bruyette & Woods boosted their target price on Primerica from $305.00 to $323.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Finally, Morgan Stanley upped their target price on Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st.

Primerica Price Performance

Shares of PRI stock opened at $323.64 on Friday. The business’s fifty day moving average price is $289.14 and its 200 day moving average price is $272.05. The firm has a market capitalization of $10.09 billion, a PE ratio of 13.57 and a beta of 0.88. Primerica has a 1-year low of $230.09 and a 1-year high of $325.56.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The company had revenue of $872.30 million during the quarter, compared to the consensus estimate of $855.36 million. During the same quarter last year, the company earned $5.02 earnings per share. Primerica’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Primerica will post 24.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were given a $1.20 dividend. The ex-dividend date was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. Primerica’s payout ratio is currently 20.13%.

Insider Transactions at Primerica

In related news, CEO Glenn J. Williams sold 1,500 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $280.49, for a total value of $420,735.00. Following the sale, the chief executive officer directly owned 33,696 shares of the company’s stock, valued at approximately $9,451,391.04. This represents a 4.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the transaction, the president owned 9,811 shares of the company’s stock, valued at $2,743,548.04. This trade represents a 15.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its holdings in Primerica by 18.1% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock valued at $66,000 after buying an additional 39 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 acquiring an additional 40 shares in the last quarter. Seeds Investor LLC lifted its position in shares of Primerica by 3.2% in the fourth quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 42 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Primerica by 1.2% in the second quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 45 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of Primerica by 0.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 46 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Company Profile

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.