Shares of Primerica (NYSE:PRI) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $103.00.

Several research firms recently commented on PRI. Zacks Investment Research downgraded Primerica from a “hold” rating to a “sell” rating in a report on Friday, May 11th. Wells Fargo & Co set a $102.00 price objective on Primerica and gave the stock a “hold” rating in a report on Tuesday, May 8th. Finally, ValuEngine downgraded Primerica from a “buy” rating to a “hold” rating in a report on Friday, April 13th.

In other Primerica news, President Peter W. Schneider sold 991 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $100.97, for a total transaction of $100,061.27. Following the completion of the sale, the president now directly owns 25,881 shares in the company, valued at approximately $2,613,204.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert F. Mccullough sold 500 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $95.90, for a total value of $47,950.00. Following the sale, the director now owns 18,585 shares of the company’s stock, valued at $1,782,301.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,482 shares of company stock valued at $1,474,873. Corporate insiders own 0.89% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PRI. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Primerica by 4.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,767,799 shares of the financial services provider’s stock valued at $363,971,000 after purchasing an additional 147,816 shares during the period. Schroder Investment Management Group lifted its position in shares of Primerica by 481.7% during the 4th quarter. Schroder Investment Management Group now owns 161,100 shares of the financial services provider’s stock valued at $16,360,000 after buying an additional 133,404 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Primerica by 162.5% during the 4th quarter. Deutsche Bank AG now owns 189,987 shares of the financial services provider’s stock valued at $19,290,000 after buying an additional 117,616 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Primerica by 24.3% during the 1st quarter. JPMorgan Chase & Co. now owns 547,358 shares of the financial services provider’s stock valued at $52,875,000 after buying an additional 106,866 shares in the last quarter. Finally, WBI Investments Inc. purchased a new position in shares of Primerica during the 1st quarter valued at about $6,002,000. Institutional investors and hedge funds own 88.50% of the company’s stock.

Primerica opened at $98.65 on Thursday, according to Marketbeat Ratings. Primerica has a one year low of $70.00 and a one year high of $108.05. The stock has a market capitalization of $4.31 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14.

Primerica (NYSE:PRI) last released its quarterly earnings data on Tuesday, May 8th. The financial services provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Primerica had a return on equity of 19.88% and a net margin of 20.87%. The business had revenue of $459.92 million during the quarter, compared to the consensus estimate of $459.83 million. During the same quarter in the previous year, the business posted $1.11 earnings per share. Primerica’s quarterly revenue was up 13.5% compared to the same quarter last year. analysts predict that Primerica will post 7.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 21st. This represents a $1.00 annualized dividend and a yield of 1.01%. Primerica’s payout ratio is 18.12%.

Primerica announced that its board has initiated a share buyback plan on Wednesday, February 7th that permits the company to buyback $225.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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