Primerica (NYSE:PRI) PT Raised to $260.00 at Keefe, Bruyette & Woods

Primerica (NYSE:PRI) had its price target lifted by analysts at Keefe, Bruyette & Woods from $255.00 to $260.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 16.59% from the stock’s previous close.

Several other brokerages also recently commented on PRI. Truist Financial increased their price target on Primerica from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Raymond James lowered shares of Primerica from a “strong-buy” rating to a “market perform” rating in a research report on Monday, February 12th. StockNews.com upgraded shares of Primerica from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Morgan Stanley lifted their price objective on Primerica from $215.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $244.20.

Primerica Trading Down 8.3 %

PRI stock opened at $223.01 on Wednesday. The firm has a market cap of $7.74 billion, a PE ratio of 14.04 and a beta of 1.06. Primerica has a 1 year low of $171.81 and a 1 year high of $256.56. The company has a fifty day simple moving average of $245.62 and a 200 day simple moving average of $221.02.

Primerica (NYSE:PRI) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $4.27 by ($0.02). The company had revenue of $726.34 million during the quarter, compared to analyst estimates of $723.64 million. Primerica had a return on equity of 27.83% and a net margin of 20.37%. Primerica’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.49 EPS. As a group, analysts forecast that Primerica will post 17.75 EPS for the current fiscal year.

Insider Transactions at Primerica

In related news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $243.41, for a total transaction of $365,115.00. Following the sale, the president now directly owns 13,259 shares of the company’s stock, valued at $3,227,373.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $243.41, for a total value of $365,115.00. Following the completion of the transaction, the president now directly owns 13,259 shares in the company, valued at $3,227,373.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregory C. Pitts sold 3,759 shares of Primerica stock in a transaction on Monday, March 11th. The stock was sold at an average price of $245.43, for a total transaction of $922,571.37. Following the sale, the chief operating officer now owns 3,379 shares in the company, valued at approximately $829,307.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,708 shares of company stock worth $1,648,677. 0.85% of the stock is currently owned by company insiders.

Institutional Trading of Primerica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRI. Arlington Trust Co LLC acquired a new stake in Primerica during the third quarter valued at approximately $25,000. LWM Advisory Services LLC bought a new stake in Primerica in the third quarter valued at $26,000. ORG Partners LLC acquired a new position in Primerica during the fourth quarter worth $26,000. Covestor Ltd lifted its holdings in shares of Primerica by 74.7% during the first quarter. Covestor Ltd now owns 255 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 109 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Primerica in the 4th quarter valued at $38,000. Institutional investors 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.