Primerica, Inc. (NYSE:PRI) Receives Average Rating of "Hold" from Brokerages

Key Points

• Primerica has a consensus analyst rating of Hold from eight firms (five hold, three buy) with an average 12‑month price target of $293.60.
• The company beat Q results—EPS $6.13 vs. $5.69 estimate and revenue $853.5M vs. $839.7M—reporting a 32.3% ROE and 22.8% net margin, and analysts forecast about 20.6 EPS for the fiscal year.
• Primerica raised its quarterly dividend to $1.20 (annualized $4.80, ~1.8% yield), while insiders including the president and CEO have recently sold shares, modestly reducing their positions.

Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been given a consensus rating of "Hold" by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $293.60.

PRI has been the topic of several recent analyst reports. Zacks Research lowered shares of Primerica from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Keefe, Bruyette & Woods restated a "hold" rating and issued a $290.00 target price on shares of Primerica in a report on Thursday, March 26th. Weiss Ratings raised shares of Primerica from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 6th. TD Cowen reiterated a "buy" rating on shares of Primerica in a report on Wednesday, January 28th. Finally, Morgan Stanley lowered their price objective on shares of Primerica from $292.00 to $285.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 3rd.

Primerica Stock Up 2.2%

Shares of NYSE:PRI opened at $273.24 on Thursday. The company has a market cap of $8.65 billion, a P/E ratio of 11.92 and a beta of 0.90. The business has a fifty day simple moving average of $256.40 and a 200-day simple moving average of $259.73. Primerica has a 52 week low of $230.09 and a 52 week high of $288.03.

Primerica (NYSE:PRI - Get Free Report) last released its earnings results on Wednesday, February 11th. The financial services provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.69 by $0.44. The firm had revenue of $853.51 million for the quarter, compared to the consensus estimate of $839.65 million. Primerica had a return on equity of 32.30% and a net margin of 22.82%.The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $5.03 earnings per share. Sell-side analysts expect that Primerica will post 20.6 earnings per share for the current fiscal year.

Primerica Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, February 23rd were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. This is a boost from Primerica's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Monday, February 23rd. Primerica's dividend payout ratio (DPR) is presently 20.93%.

Insider Activity

In other news, President Peter W. Schneider sold 1,800 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $252.38, for a total transaction of $454,284.00. Following the completion of the sale, the president owned 11,611 shares in the company, valued at approximately $2,930,384.18. The trade was a 13.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn J. Williams sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $256.41, for a total transaction of $641,025.00. Following the sale, the chief executive officer directly owned 27,392 shares of the company's stock, valued at approximately $7,023,582.72. This trade represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On Primerica

Several institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its stake in shares of Primerica by 589.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 855 shares of the financial services provider's stock valued at $221,000 after acquiring an additional 731 shares during the period. Corient Private Wealth LLC boosted its position in Primerica by 34.0% during the 4th quarter. Corient Private Wealth LLC now owns 12,534 shares of the financial services provider's stock worth $3,238,000 after purchasing an additional 3,179 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Primerica by 10,300.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 312 shares of the financial services provider's stock valued at $81,000 after purchasing an additional 309 shares in the last quarter. Kera Capital Partners Inc. acquired a new stake in Primerica in the 4th quarter valued at $394,000. Finally, Virtu Financial LLC purchased a new position in Primerica in the fourth quarter valued at about $387,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Primerica Company Profile

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.

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