Primerica, Inc. (PRI) Receives Consensus Recommendation of “Hold” from Analysts

Primerica, Inc. (NYSE:PRI) has been given an average recommendation of “Hold” by the six research firms that are presently covering the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $83.25.

PRI has been the subject of several recent research reports. Zacks Investment Research cut Primerica from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Citigroup Inc initiated coverage on Primerica in a report on Thursday, January 26th. They issued a “neutral” rating and a $76.00 price target for the company. SunTrust Banks, Inc. set a $95.00 price target on Primerica and gave the company a “buy” rating in a report on Saturday, February 11th. Keefe, Bruyette & Woods set a $78.00 price target on Primerica and gave the company a “hold” rating in a report on Friday, March 17th. Finally, Wells Fargo & Co cut Primerica from an “outperform” rating to a “market perform” rating in a report on Thursday.

TRADEMARK VIOLATION WARNING: This piece was first published by BBNS and is the property of of BBNS. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/analysts-set-primerica-inc-pri-pt-at-82-50-updated-updated/525299.html.

Shares of Primerica (NYSE:PRI) traded down 2.41% during midday trading on Wednesday, hitting $83.00. The stock had a trading volume of 633,321 shares. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 18.10 and a beta of 1.15. The stock’s 50 day moving average price is $81.69 and its 200 day moving average price is $71.82. Primerica has a 12 month low of $47.92 and a 12 month high of $85.20.

Primerica (NYSE:PRI) last announced its earnings results on Wednesday, February 8th. The financial services provider reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. Primerica had a return on equity of 17.98% and a net margin of 14.44%. The business earned $393.90 million during the quarter, compared to analysts’ expectations of $386.46 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts forecast that Primerica will post $5.25 EPS for the current fiscal year.

In other news, insider William A. Kelly sold 2,500 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $82.29, for a total transaction of $205,725.00. Following the completion of the transaction, the insider now directly owns 20,486 shares in the company, valued at $1,685,792.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director P George Benson sold 500 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $81.55, for a total value of $40,775.00. Following the transaction, the director now owns 14,045 shares of the company’s stock, valued at $1,145,369.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,850 shares of company stock valued at $806,755. 1.24% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC bought a new position in Primerica during the fourth quarter worth about $105,000. O Shaughnessy Asset Management LLC raised its position in Primerica by 1.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,582 shares of the financial services provider’s stock worth $109,000 after buying an additional 16 shares during the period. James Investment Research Inc. bought a new position in Primerica during the first quarter worth about $152,000. Fortaleza Asset Management Inc. raised its position in Primerica by 7.8% in the fourth quarter. Fortaleza Asset Management Inc. now owns 2,275 shares of the financial services provider’s stock worth $157,000 after buying an additional 165 shares during the period. Finally, LS Investment Advisors LLC raised its position in Primerica by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,014 shares of the financial services provider’s stock worth $160,000 after buying an additional 161 shares during the period.

Primerica Company Profile

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.

5 Day Chart for NYSE:PRI

Receive News & Ratings for Primerica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Gift Ngoepe Becomes First African to Play in MLB
Gift Ngoepe Becomes First African to Play in MLB
Eric Thames Pulled From Game With Tightness in Hamstring
Eric Thames Pulled From Game With Tightness in Hamstring
Julio Urias Returning to Dodgers Thursday
Julio Urias Returning to Dodgers Thursday
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead


Leave a Reply

 
© 2006-2017 BBNS.