Primerica, Inc. (NYSE:PRI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Primerica, Inc. provides financial products and services. It assists its clients in meeting their needs for term life insurance, which it underwrites, and mutual funds, variable annuities and other financial products, which it distributes primarily on behalf of third parties. The Company’s mission is to serve middle income families by helping them make informed financial decisions and providing them with a strategy and means to gain financial independence. The Company’s sales representatives use its proprietary financial needs analysis, or FNA, tool and an educational approach to demonstrate how its products can assist clients to provide financial protection for their families, save for their retirement and manage their debt. The Company’s clients are generally middle income consumers. Primerica also provides an entrepreneurial business opportunity for individuals to distribute its financial products. The Company is based in Duluth, Georgia. “

Several other brokerages have also recently issued reports on PRI. Wells Fargo & Company began coverage on shares of Primerica in a research note on Thursday, September 22nd. They set a “market perform” rating on the stock. SunTrust Banks, Inc. set a $83.00 target price on shares of Primerica and gave the stock a “buy” rating in a research note on Friday, November 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Primerica presently has a consensus rating of “Buy” and a consensus target price of $74.67.

Primerica (NYSE:PRI) opened at 72.60 on Wednesday. The stock has a market cap of $3.33 billion, a P/E ratio of 16.72 and a beta of 1.13. Primerica has a 1-year low of $37.09 and a 1-year high of $73.05. The company has a 50-day moving average of $70.53 and a 200 day moving average of $59.94.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.13 by $0.09. The company earned $383.60 million during the quarter, compared to analyst estimates of $378.67 million. Primerica had a net margin of 14.22% and a return on equity of 17.78%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Analysts predict that Primerica will post $4.53 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, November 18th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.99%. Primerica’s payout ratio is 16.59%.

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In other news, VP Alison S. Rand sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $71.65, for a total transaction of $143,300.00. Following the transaction, the vice president now owns 37,342 shares of the company’s stock, valued at approximately $2,675,554.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William A. Kelly sold 1,500 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $55.25, for a total transaction of $82,875.00. Following the transaction, the insider now directly owns 22,130 shares in the company, valued at approximately $1,222,682.50. The disclosure for this sale can be found here. Insiders own 1.24% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PRI. BOKF NA boosted its position in shares of Primerica by 1.6% in the second quarter. BOKF NA now owns 9,827 shares of the company’s stock valued at $563,000 after buying an additional 155 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Primerica by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,014 shares of the company’s stock valued at $160,000 after buying an additional 161 shares during the last quarter. Amalgamated Bank boosted its position in shares of Primerica by 4.9% in the second quarter. Amalgamated Bank now owns 5,681 shares of the company’s stock valued at $321,000 after buying an additional 267 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Primerica by 4.1% in the third quarter. Hsbc Holdings PLC now owns 7,591 shares of the company’s stock valued at $403,000 after buying an additional 299 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Primerica by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 21,120 shares of the company’s stock valued at $1,120,000 after buying an additional 300 shares during the last quarter.

Primerica Company Profile

Primerica Inc (Primerica) distributes financial products to middle-income households. The Company operates through three segments. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.

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