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

Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $308.00.

A number of research firms have recently issued reports on PRI. Keefe, Bruyette & Woods dropped their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley lifted their price objective on shares of Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th.

Hedge Funds Weigh In On Primerica

Hedge funds have recently added to or reduced their stakes in the business. Colonial Trust Co SC acquired a new position in shares of Primerica during the fourth quarter valued at $25,000. True Wealth Design LLC acquired a new position in shares of Primerica during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 71 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Primerica by 2,300.0% during the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 161 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Primerica by 116.2% during the fourth quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Stock Up 2.3%

Shares of PRI traded up $5.91 during mid-day trading on Friday, reaching $266.91. 163,828 shares of the stock traded hands, compared to its average volume of 154,845. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 17.95 and a beta of 0.99. The stock has a fifty day simple moving average of $264.86 and a 200 day simple moving average of $274.81. Primerica has a 12-month low of $230.98 and a 12-month high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. The company had revenue of $803.56 million for the quarter, compared to analyst estimates of $783.54 million. Primerica had a net margin of 15.82% and a return on equity of 32.30%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.91 earnings per share. On average, equities research analysts expect that Primerica will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, May 22nd. Primerica's dividend payout ratio is presently 27.98%.

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.