Primerica, Inc. (PRI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Primerica, Inc. (NYSE:PRI) have been assigned an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $90.33.

A number of equities analysts have commented on PRI shares. Zacks Investment Research raised Primerica from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Wednesday, October 11th. ValuEngine raised Primerica from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $95.00 price target on shares of Primerica in a research note on Friday, November 10th. SunTrust Banks cut Primerica from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $100.00 price target (up from $95.00) on shares of Primerica in a research note on Tuesday, January 9th.

Primerica (NYSE:PRI) traded down $1.00 during trading hours on Friday, reaching $103.20. The company had a trading volume of 162,200 shares, compared to its average volume of 196,425. The company has a market cap of $4,610.00, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. Primerica has a one year low of $70.00 and a one year high of $106.40.

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

In other news, VP Gregory C. Pitts sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total transaction of $462,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Mountain Capital Investment Advisors Inc bought a new position in Primerica in the second quarter valued at about $125,000. Flinton Capital Management LLC lifted its holdings in Primerica by 69.5% in the second quarter. Flinton Capital Management LLC now owns 2,224 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 912 shares during the period. Magnetar Financial LLC bought a new position in Primerica in the third quarter valued at about $204,000. Riverhead Capital Management LLC lifted its holdings in Primerica by 68.7% in the second quarter. Riverhead Capital Management LLC now owns 2,530 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 1,030 shares during the period. Finally, Jane Street Group LLC bought a new position in Primerica in the third quarter valued at about $215,000. 95.91% of the stock is currently owned by hedge funds and other institutional investors.

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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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