Analysts Set Primerica, Inc. (NYSE:PRI) Price Target at $281.67

Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been given an average rating of "Hold" by the seven ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $281.67.

A number of research firms have recently weighed in on PRI. Piper Sandler started coverage on shares of Primerica in a research report on Friday, August 30th. They set a "neutral" rating and a $283.00 target price for the company. StockNews.com lowered Primerica from a "buy" rating to a "hold" rating in a report on Monday. Morgan Stanley raised their target price on Primerica from $257.00 to $269.00 and gave the stock an "equal weight" rating in a research report on Monday, August 19th. Keefe, Bruyette & Woods upped their price target on Primerica from $255.00 to $275.00 and gave the company a "market perform" rating in a research report on Wednesday, July 17th. Finally, TD Cowen assumed coverage on Primerica in a report on Wednesday, October 9th. They issued a "buy" rating and a $314.00 price objective for the company.

Primerica Price Performance

Shares of Primerica stock traded down $0.75 during trading hours on Thursday, hitting $290.25. 48,952 shares of the company's stock traded hands, compared to its average volume of 154,455. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 23.29 and a beta of 1.08. Primerica has a 12-month low of $184.76 and a 12-month high of $295.67. The company has a fifty day simple moving average of $268.36 and a 200-day simple moving average of $247.42.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.47 by $0.24. The company had revenue of $803.38 million during the quarter, compared to analyst estimates of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.99 earnings per share. On average, analysts forecast that Primerica will post 18.13 EPS for the current fiscal year.

Insider Activity

In other news, CEO Glenn J. Williams sold 3,000 shares of the company's stock in a transaction dated 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 directly owns 45,322 shares in the company, valued at $11,446,071.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Glenn J. Williams sold 3,000 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the transaction, the chief executive officer now owns 45,322 shares of the company's stock, valued at approximately $11,446,071.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the transaction, the president now directly owns 10,259 shares of the company's stock, valued at $2,678,727.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock worth $1,657,015 over the last ninety days. Company insiders own 0.61% of the company's stock.

Institutional Trading of Primerica

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Primerica in the third quarter worth approximately $31,000. ORG Partners LLC purchased a new stake in shares of Primerica during the second quarter valued at approximately $30,000. UMB Bank n.a. boosted its stake in shares of Primerica by 85.9% during the third quarter. UMB Bank n.a. now owns 145 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 67 shares during the period. Blue Trust Inc. boosted its stake in shares of Primerica by 45.5% during the second quarter. Blue Trust Inc. now owns 192 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 60 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Primerica during the third quarter valued at approximately $115,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

About Primerica

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.