Primerica, Inc. (NYSE:PRI) was downgraded by investment analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating in a report released on Thursday, MarketBeat.com reports. The analysts noted that the move was a valuation call.

A number of other research analysts have also commented on PRI. Keefe, Bruyette & Woods restated a “hold” rating and issued a $83.00 target price on shares of Primerica in a research note on Friday, June 23rd. BidaskClub upgraded Primerica from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Wells Fargo & Company restated a “hold” rating on shares of Primerica in a research note on Tuesday, August 8th. Finally, Zacks Investment Research lowered Primerica from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $88.50.

Primerica (NYSE:PRI) traded down 0.46% during trading on Thursday, reaching $85.95. 418,029 shares of the company’s stock were exchanged. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 17.51 and a beta of 1.17. Primerica has a 52-week low of $52.75 and a 52-week high of $89.60. The stock’s 50-day moving average price is $80.60 and its 200-day moving average price is $79.05.

Primerica (NYSE:PRI) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $413.70 million during the quarter, compared to analyst estimates of $410.97 million. Primerica had a return on equity of 18.48% and a net margin of 14.41%. Primerica’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. Equities analysts expect that Primerica will post $5.22 earnings per share for the current year.

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In other Primerica news, President Peter W. Schneider sold 1,301 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $76.92, for a total value of $100,072.92. Following the sale, the president now directly owns 28,138 shares in the company, valued at $2,164,374.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alison S. Rand sold 2,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $76.50, for a total value of $153,000.00. Following the completion of the sale, the vice president now owns 35,385 shares in the company, valued at $2,706,952.50. The disclosure for this sale can be found here. Insiders sold 6,301 shares of company stock worth $495,113 over the last quarter. Company insiders own 0.86% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. World Asset Management Inc grew its position in Primerica by 0.6% in the second quarter. World Asset Management Inc now owns 2,856 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 18 shares during the period. Teacher Retirement System of Texas grew its position in Primerica by 1.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,669 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 69 shares during the period. Balyasny Asset Management LLC grew its position in Primerica by 0.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 12,712 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 100 shares during the period. Amalgamated Bank grew its position in Primerica by 1.8% in the 2nd quarter. Amalgamated Bank now owns 6,552 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 113 shares during the period. Finally, Texas Permanent School Fund grew its position in Primerica by 0.4% in the 2nd quarter. Texas Permanent School Fund now owns 33,221 shares of the financial services provider’s stock worth $2,516,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

About Primerica

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.

Analyst Recommendations for Primerica (NYSE:PRI)

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