Primerica, Inc. (NYSE:PRI) Given Consensus Rating of "Hold" by Brokerages

Key Points

• The average recommendation for Primerica, Inc. (NYSE:PRI) is a "Hold" from seven ratings firms, with four hold ratings and three buy ratings.
• Primerica reported a $5.46 earnings per share for the last quarter, exceeding the consensus estimate by $0.28, along with a revenue of $796.02 million.
• The company declared a quarterly dividend of $1.04, resulting in an annualized dividend yield of 1.5%.

Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $316.2857.

A number of analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Primerica from $293.00 to $283.00 and set a "hold" rating on the stock in a research report on Monday, August 11th. Keefe, Bruyette & Woods upped their price target on Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a report on Monday, August 11th. Morgan Stanley lifted their price objective on Primerica from $292.00 to $308.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Finally, BMO Capital Markets raised Primerica from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $292.00 to $318.00 in a research report on Tuesday, September 23rd.

Primerica Stock Performance

Shares of PRI opened at $277.33 on Friday. The stock has a market capitalization of $8.98 billion, a PE ratio of 13.70 and a beta of 1.00. The company's 50-day simple moving average is $267.93 and its 200-day simple moving average is $268.19. Primerica has a 1 year low of $230.98 and a 1 year high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $5.46 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.28. The firm had revenue of $796.02 million for the quarter, compared to the consensus estimate of $790.99 million. Primerica had a net margin of 21.48% and a return on equity of 32.42%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.71 EPS. On average, sell-side analysts predict that Primerica will post 20.6 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 22nd were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 22nd. Primerica's dividend payout ratio (DPR) is presently 20.55%.

Insider Activity

In related news, CEO Glenn J. Williams sold 2,500 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.20, for a total transaction of $655,500.00. Following the completion of the transaction, the chief executive officer owned 36,392 shares in the company, valued at approximately $9,541,982.40. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company's stock.

Institutional Trading of Primerica

Hedge funds and other institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC lifted its holdings in shares of Primerica by 1.9% in the 1st quarter. HB Wealth Management LLC now owns 2,088 shares of the financial services provider's stock valued at $594,000 after purchasing an additional 38 shares during the last quarter. Olympiad Research LP increased its position in Primerica by 3.9% during the second quarter. Olympiad Research LP now owns 1,061 shares of the financial services provider's stock worth $290,000 after buying an additional 40 shares during the period. Applied Finance Capital Management LLC increased its position in Primerica by 5.3% during the first quarter. Applied Finance Capital Management LLC now owns 839 shares of the financial services provider's stock worth $239,000 after buying an additional 42 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Primerica by 1.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,095 shares of the financial services provider's stock valued at $881,000 after buying an additional 44 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Primerica by 1.2% in the second quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider's stock valued at $1,058,000 after acquiring an additional 45 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.

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