Primerica, Inc. (NYSE:PRI) Receives $123.60 Average Price Target from Analysts

Primerica, Inc. (NYSE:PRI) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $126.50.

Separately, Citigroup lowered Barrick Gold to a “neutral” rating in a research note on Thursday, May 23rd.

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $121.84, for a total transaction of $365,520.00. Following the completion of the transaction, the chief executive officer now directly owns 72,620 shares in the company, valued at $8,848,020.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $115.02, for a total value of $230,040.00. Following the transaction, the president now owns 32,790 shares of the company’s stock, valued at $3,771,505.80. The disclosure for this sale can be found here. Insiders sold 7,000 shares of company stock valued at $834,940 over the last 90 days. 0.84% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in PRI. Citigroup Inc. raised its holdings in shares of Primerica by 191.6% during the fourth quarter. Citigroup Inc. now owns 13,406 shares of the financial services provider’s stock worth $1,310,000 after purchasing an additional 8,809 shares during the last quarter. NumerixS Investment Technologies Inc raised its holdings in shares of Primerica by 400.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 500 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 400 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Primerica by 11.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 33,588 shares of the financial services provider’s stock worth $3,105,000 after purchasing an additional 3,447 shares during the last quarter. Prudential PLC purchased a new position in shares of Primerica during the fourth quarter worth $263,000. Finally, California State Teachers Retirement System raised its holdings in shares of Primerica by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 67,603 shares of the financial services provider’s stock worth $6,605,000 after purchasing an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Shares of NYSE PRI traded down $1.08 during trading hours on Monday, reaching $121.14. The stock had a trading volume of 141,856 shares, compared to its average volume of 497,991. The stock has a fifty day moving average price of $121.44. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $5.17 billion, a P/E ratio of 16.53 and a beta of 1.40. Primerica has a twelve month low of $90.28 and a twelve month high of $132.17.

Primerica (NYSE:PRI) last issued its earnings results on Tuesday, May 7th. The financial services provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.03. The business had revenue of $494.99 million during the quarter, compared to analyst estimates of $498.57 million. Primerica had a return on equity of 22.89% and a net margin of 17.44%. Primerica’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. Research analysts predict that Primerica will post 8.13 earnings per share for the current year.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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