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

Key Points

• Analysts have given Primerica, Inc. (NYSE:PRI) a consensus recommendation of "Hold", with four recommending hold and two recommending buy.
• The company's quarterly earnings report showed an earnings per share of $5.46, surpassing estimates and indicating a year-over-year revenue increase of only 0.3%.
• Primerica will pay a quarterly dividend of $1.04 on September 15th, representing a 1.6% dividend yield based on an annualized payment of $4.16.

Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $313.5714.

A number of research firms have issued reports on PRI. Keefe, Bruyette & Woods lifted their target price on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research report on Monday. Morgan Stanley lifted their target price on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group decreased their target price on Primerica from $293.00 to $283.00 and set a "hold" rating on the stock in a research report on Monday.

Insider Buying and Selling at Primerica

In other news, CEO Glenn J. Williams sold 2,500 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total transaction of $655,500.00. Following the sale, the chief executive officer directly 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 transaction 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

Several hedge funds and other institutional investors have recently made changes to their positions in PRI. Colonial Trust Co SC bought a new stake in Primerica in the fourth quarter valued at approximately $25,000. True Wealth Design LLC bought a new stake in Primerica in the fourth quarter valued at approximately $27,000. Hilltop National Bank bought a new stake in Primerica in the second quarter valued at approximately $31,000. Cullen Frost Bankers Inc. bought a new stake in Primerica in the second quarter valued at approximately $33,000. Finally, First Horizon Advisors Inc. boosted its holdings in Primerica by 1,714.3% in the second quarter. First Horizon Advisors Inc. now owns 127 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Primerica Price Performance

PRI stock traded down $1.52 during midday trading on Friday, reaching $262.82. The company had a trading volume of 32,927 shares, compared to its average volume of 170,498. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 13.00 and a beta of 0.99. The stock has a 50 day moving average price of $265.32 and a 200-day moving average price of $271.60. Primerica has a 1-year low of $230.98 and a 1-year high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $5.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.18 by $0.28. Primerica had a return on equity of 32.42% and a net margin of 21.48%. The firm had revenue of $796.02 million for the quarter, compared to analysts' expectations of $790.99 million. During the same quarter in the previous year, the business posted $4.71 earnings per share. The business's revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts anticipate that Primerica will post 20.6 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 22nd will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 22nd. Primerica's payout ratio is 20.55%.

About Primerica

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.