Primerica (NYSE:PRI) Stock Rating Lowered by Raymond James

Primerica (NYSE:PRIGet Free Report) was downgraded by Raymond James from a “strong-buy” rating to a “market perform” rating in a research note issued on Monday, MarketBeat Ratings reports.

Several other brokerages also recently commented on PRI. raised shares of Primerica from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Morgan Stanley boosted their target price on Primerica from $190.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from, the company presently has a consensus rating of “Hold” and an average target price of $219.20.

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Primerica Trading Up 2.8 %

Shares of Primerica stock opened at $242.46 on Monday. The company’s 50-day moving average price is $217.01 and its 200-day moving average price is $208.42. Primerica has a 12-month low of $155.68 and a 12-month high of $242.52. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 16.04 and a beta of 1.07.

Primerica declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 16th that permits the company to buyback $425.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity at Primerica

In other Primerica news, CFO Alison S. Rand sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $210.07, for a total value of $630,210.00. Following the completion of the sale, the chief financial officer now owns 6,444 shares of the company’s stock, valued at $1,353,691.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Primerica

A number of hedge funds have recently made changes to their positions in PRI. Arlington Trust Co LLC bought a new stake in Primerica in the third quarter worth $25,000. Huntington National Bank lifted its stake in shares of Primerica by 13,200.0% in the 2nd quarter. Huntington National Bank now owns 133 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 132 shares during the last quarter. LWM Advisory Services LLC purchased a new stake in Primerica during the 3rd quarter valued at about $26,000. ORG Partners LLC bought a new position in Primerica during the 4th quarter worth approximately $26,000. Finally, Covestor Ltd grew its position in Primerica by 74.7% during the 1st quarter. Covestor Ltd now owns 255 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 109 shares during the last quarter. 90.56% of the stock is currently owned by institutional investors.

About Primerica

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Primerica, Inc, together with its subsidiaries, provides financial products 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. The Term Life Insurance segment underwrites individual term life insurance products.

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Analyst Recommendations for Primerica (NYSE:PRI)

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