Primerica, Inc. (NYSE:PRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Primerica, Inc. ( NYSE:PRI – Get Free Report ) have received an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

The average 12-month target price among brokerages that have covered the stock in the last year is $293.50. Several research analysts have recently weighed in on the stock.



Morgan Stanley boosted their price objective on shares of Primerica from $257.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th.

Truist Financial upped their price objective on Primerica from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

TD Cowen lifted their target price on Primerica from $314.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.

Piper Sandler began coverage on Primerica in a research note on Friday, August 30th. They issued a “neutral” rating and a $283.00 price target on the stock.

Finally, StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Check Out Our Latest Analysis on PRI Insider Activity Hedge Funds Weigh In On Primerica A number of institutional investors have recently modified their holdings of the business.

B. Metzler seel. Sohn & Co.

Holding AG acquired a new position in Primerica during the third quarter worth about $3,710,000. Harbor Capital Advisors Inc. lifted its stake in shares of Primerica by 456.

8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,149 shares of the financial services provider’s stock valued at $2,164,000 after acquiring an additional 7,506 shares during the last quarter.

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Primerica during the 2nd quarter valued at $3,514,000. SG Americas Securities LLC acquired a new position in Primerica in the 2nd quarter worth about $893,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Primerica by 359,742.

9% during the third quarter. International Assets Investment Management LLC now owns 25,189 shares of the financial services provider’s stock valued at $6,679,000 after purchasing an additional 25,182 shares in the last quarter. Institutional investors and hedge funds own 90.

88% of the company’s stock. Primerica Price Performance Shares of NYSE:PRI opened at $302.75 on Monday.

The stock has a market capitalization of $10.10 billion, a PE ratio of 23.13 and a beta of 1.

08. The company’s 50-day moving average price is $282.86 and its two-hundred day moving average price is $257.

28. Primerica has a one year low of $184.76 and a one year high of $307.

91. Primerica ( NYSE:PRI – Get Free Report ) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $5.

68 EPS for the quarter, beating the consensus estimate of $4.81 by $0.87.

The company had revenue of $774.13 million during the quarter, compared to the consensus estimate of $745.25 million.

Primerica had a return on equity of 30.93% and a net margin of 14.95%.

The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.

28 EPS. On average, analysts anticipate that Primerica will post 19.32 earnings per share for the current fiscal year.

Primerica Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.90 dividend.

The ex-dividend date is Thursday, November 21st. This represents a $3.60 annualized dividend and a yield of 1.

19%. Primerica’s dividend payout ratio (DPR) is presently 27.50%.

Primerica announced that its board has authorized a share buyback program on Thursday, November 14th that permits the company to buyback $450.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 4.

5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued. About Primerica ( Get Free Report 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. Featured Articles Receive News & Ratings for Primerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica and related companies with MarketBeat.com's FREE daily email newsletter .

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