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

Key Points

• Analysts rate Primerica “Hold” on average: Five of eight analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is approximately $310.67, close to the reported share price of $308.20.
• Primerica’s latest quarterly results beat expectations on earnings, reporting $6.41 EPS versus a $6.03 consensus, while revenue reached $865.07 million and increased 9% year over year.
• Insiders sold shares worth about $1.55 million over the past three months, while institutional investors own a substantial 90.88% of the company. Primerica also declared a quarterly dividend of $1.20, equivalent to a 1.6% annual yield.

Primerica, Inc. (NYSE:PRI - Get Free Report) has earned an average rating of "Hold" from the eight ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $310.6667.

PRI has been the topic of several research analyst reports. Jefferies Financial Group lifted their price target on Primerica from $266.00 to $268.00 and gave the stock a "hold" rating in a research report on Friday, July 10th. TD Cowen increased their price objective on Primerica from $322.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Morgan Stanley raised their target price on shares of Primerica from $280.00 to $291.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 21st. Weiss Ratings cut shares of Primerica from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Primerica from $323.00 to $335.00 and gave the company a "market perform" rating in a research report on Tuesday, August 11th.

Insider Buying and Selling at Primerica

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $312.65, for a total transaction of $562,770.00. Following the completion of the sale, the president directly owned 8,011 shares of the company's stock, valued at $2,504,639.15. This represents a 18.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $320.20, for a total value of $480,300.00. Following the sale, the chief executive officer directly owned 32,196 shares of the company's stock, valued at $10,309,159.20. The trade was a 4.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,079 shares of company stock worth $1,551,308. 0.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Primerica

Large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in Primerica by 18.1% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 39 shares in the last quarter. Pacer Advisors Inc. boosted its position in Primerica by 1.1% during the 1st quarter. Pacer Advisors Inc. now owns 3,790 shares of the financial services provider's stock worth $949,000 after acquiring an additional 40 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of Primerica by 1.2% in the second quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider's stock worth $1,058,000 after purchasing an additional 45 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of Primerica by 0.7% in the fourth quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider's stock worth $1,794,000 after purchasing an additional 46 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Primerica by 6.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 757 shares of the financial services provider's stock valued at $195,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Primerica Stock Performance

Shares of PRI stock opened at $308.20 on Wednesday. The stock's 50-day moving average is $302.22 and its two-hundred day moving average is $277.39. Primerica has a 1 year low of $230.09 and a 1 year high of $327.28. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 12.38 and a beta of 0.87.

Primerica (NYSE:PRI - Get Free Report) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.38. The business had revenue of $865.07 million during the quarter, compared to the consensus estimate of $881.00 million. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.46 EPS. As a group, research analysts predict that Primerica will post 25.02 EPS for the current year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 21st will be paid a $1.20 dividend. The ex-dividend date is Friday, August 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Primerica's payout ratio is currently 19.28%.

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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