Primerica, Inc. (NYSE:PRI) Receives Consensus Rating of “Hold” from Analysts

Primerica, Inc. (NYSE:PRI) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment 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 brokerages that have issued a report on the stock in the last year is $297.80.

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods upped their price target on shares of Primerica from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Morgan Stanley upped their price target on shares of Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Finally, Zacks Research lowered shares of Primerica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th.

Primerica Price Performance

Primerica stock opened at $258.63 on Friday. The firm has a market capitalization of $8.07 billion, a PE ratio of 10.84 and a beta of 0.88. The company’s 50-day moving average is $269.01 and its 200-day moving average is $262.07. Primerica has a fifty-two week low of $230.09 and a fifty-two week high of $288.03.

Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.45 by $0.51. The company had revenue of $872.30 million for the quarter, compared to analyst estimates of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. Primerica’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.02 EPS. As a group, analysts expect that Primerica will post 24.45 EPS for the current year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Primerica’s dividend payout ratio is 20.13%.

Insider Buying and Selling at Primerica

In other news, President Peter W. Schneider sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the completion of the sale, the president owned 9,811 shares of the company’s stock, valued at approximately $2,743,548.04. This represents a 15.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.63% of the company’s stock.

Institutional Trading of Primerica

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Primerica by 186.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 69 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Primerica by 176.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 74 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Primerica during the 4th quarter worth approximately $30,000. Root Financial Partners LLC lifted its holdings in shares of Primerica by 52.6% during the 1st quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 61 shares during the period. Finally, Steph & Co. lifted its holdings in shares of Primerica by 38.0% during the 1st quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 54 shares during the period. Institutional investors own 90.88% of the company’s stock.

About Primerica

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.