Primerica, Inc. (NYSE:PRI) Given Average Rating of "Hold" by Analysts

Key Points

• Primerica, Inc. has received a consensus rating of "Hold" from seven brokerages, with an average target price of approximately $315.29 among analysts.
• The company recently declared a quarterly dividend of $1.04 per share, representing a yield of 1.6%.
• Primerica reported earnings per share of $5.46 for the last quarter, exceeding analyst expectations and showcasing a 21.48% net margin.

Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $315.2857.

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Primerica from $292.00 to $308.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Jefferies Financial Group decreased their target price on Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods increased their target price on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research note on Monday, August 11th.

Insider Transactions at Primerica

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 transaction, the chief executive officer owned 36,392 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On Primerica

Institutional investors and hedge funds have recently bought and sold shares of the stock. Colonial Trust Co SC bought a new position in Primerica during the fourth quarter worth $25,000. True Wealth Design LLC bought a new position in Primerica during the fourth quarter worth $27,000. Hilltop National Bank bought a new position in Primerica during the second quarter worth $31,000. Cullen Frost Bankers Inc. bought a new position in Primerica during the second quarter worth $33,000. Finally, First Horizon Advisors Inc. increased its position in Primerica by 1,714.3% during the second quarter. First Horizon Advisors Inc. now owns 127 shares of the financial services provider's stock worth $35,000 after acquiring an additional 120 shares during the period. Institutional investors own 90.88% of the company's stock.

Primerica Stock Down 0.1%

Shares of NYSE:PRI traded down $0.34 during trading on Wednesday, reaching $273.42. The stock had a trading volume of 418,402 shares, compared to its average volume of 151,362. Primerica has a 52 week low of $230.98 and a 52 week high of $307.91. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 13.51 and a beta of 1.00. The stock has a fifty day simple moving average of $266.85 and a two-hundred day simple moving average of $268.85.

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

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 22nd will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.5%. Primerica's payout ratio is 20.55%.

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.