Primerica (NYSE:PRI)‘s stock had its “market perform” rating restated by stock analysts at Wells Fargo & Co in a report issued on Tuesday, The Fly reports. They currently have a $100.00 price objective on the financial services provider’s stock, up from their prior price objective of $95.00. Wells Fargo & Co’s target price indicates a potential downside of 3.29% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Wednesday, October 11th. ValuEngine upgraded Primerica from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $95.00 price target on shares of Primerica in a report on Friday, November 10th. Finally, SunTrust Banks lowered Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Primerica presently has an average rating of “Hold” and an average target price of $92.40.

Primerica (NYSE:PRI) opened at $103.40 on Tuesday. The stock has a market capitalization of $4,580.00, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. Primerica has a fifty-two week low of $69.00 and a fifty-two week high of $106.40.

Primerica (NYSE:PRI) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.09. The business had revenue of $427.30 million for the quarter, compared to analyst estimates of $425.83 million. Primerica had a return on equity of 18.94% and a net margin of 14.55%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. equities analysts expect that Primerica will post 5.36 earnings per share for the current fiscal year.

In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total value of $462,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC bought a new stake in Primerica during the fourth quarter worth about $105,000. O Shaughnessy Asset Management LLC lifted its stake in Primerica by 1.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,582 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 16 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Primerica during the second quarter worth about $125,000. James Investment Research Inc. bought a new stake in Primerica during the first quarter worth about $152,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Primerica by 13.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 95.89% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Primerica (NYSE:PRI)

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