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

Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $308.00.

Several equities research analysts have commented on PRI shares. Morgan Stanley boosted their target price on shares of Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods decreased their target price on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th.

Institutional Trading of Primerica

Institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc grew its position in Primerica by 108.5% in the second quarter. AdvisorNet Financial Inc now owns 148 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 77 shares in the last quarter. BTC Capital Management Inc. grew its position in Primerica by 3.9% in the second quarter. BTC Capital Management Inc. now owns 2,160 shares of the financial services provider's stock valued at $589,000 after acquiring an additional 82 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Primerica in the second quarter valued at approximately $281,000. Harbor Capital Advisors Inc. grew its position in Primerica by 28.0% in the second quarter. Harbor Capital Advisors Inc. now owns 20,788 shares of the financial services provider's stock valued at $5,689,000 after acquiring an additional 4,546 shares in the last quarter. Finally, NBC Securities Inc. grew its position in Primerica by 3.5% in the second quarter. NBC Securities Inc. now owns 7,020 shares of the financial services provider's stock valued at $1,921,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Trading Up 0.9%

PRI stock opened at $265.68 on Tuesday. Primerica has a twelve month low of $230.98 and a twelve month high of $307.91. The company's 50 day moving average is $268.59 and its two-hundred day moving average is $274.08. The stock has a market cap of $8.79 billion, a P/E ratio of 17.87 and a beta of 0.98.

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

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a dividend of $1.04 per share. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 annualized dividend and a dividend yield of 1.57%. Primerica's payout ratio is currently 27.98%.

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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