Primerica (NYSE:PRI) Stock Rating Lowered by StockNews.com

Primerica (NYSE:PRI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other research analysts have also weighed in on PRI. Keefe, Bruyette & Woods raised their price target on shares of Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Piper Sandler started coverage on shares of Primerica in a research note on Friday, August 30th. They issued a “neutral” rating and a $283.00 price target on the stock. Jefferies Financial Group raised their price target on shares of Primerica from $239.00 to $249.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Morgan Stanley raised their price target on shares of Primerica from $257.00 to $269.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Finally, Truist Financial raised their price target on shares of Primerica from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $275.20.

Primerica Stock Up 0.5 %

PRI stock opened at $254.62 on Thursday. The company’s 50-day simple moving average is $252.18 and its 200-day simple moving average is $239.68. Primerica has a 52-week low of $184.76 and a 52-week high of $265.27. The firm has a market cap of $8.61 billion, a P/E ratio of 15.50 and a beta of 1.09.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.24. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The business had revenue of $803.38 million for the quarter, compared to analyst estimates of $748.88 million. During the same period in the prior year, the company posted $3.99 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts anticipate that Primerica will post 17.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Primerica

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $252.55, for a total value of $757,650.00. Following the completion of the sale, the chief executive officer now owns 45,322 shares in the company, valued at approximately $11,446,071.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $261.11, for a total transaction of $391,665.00. Following the completion of the sale, the president now owns 10,259 shares in the company, valued at approximately $2,678,727.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $252.55, for a total transaction of $757,650.00. Following the sale, the chief executive officer now owns 45,322 shares of the company’s stock, valued at approximately $11,446,071.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,500 shares of company stock worth $1,657,015. Insiders own 0.85% of the company’s stock.

Institutional Trading of Primerica

A number of hedge funds and other institutional investors have recently made changes to their positions in PRI. ORG Partners LLC purchased a new position in shares of Primerica during the 2nd quarter worth approximately $30,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Primerica by 493.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 148 shares during the period. Blue Trust Inc. boosted its position in shares of Primerica by 45.5% during the 2nd quarter. Blue Trust Inc. now owns 192 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 60 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Primerica during the 2nd quarter worth approximately $71,000. Finally, O Dell Group LLC purchased a new position in shares of Primerica during the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

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.