Shares of Primerica, Inc. (NYSE:PRI) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $110.00.

PRI has been the subject of several research reports. Zacks Investment Research raised Primerica from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Saturday, August 11th. ValuEngine raised Primerica from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $112.00 price objective on shares of Primerica in a report on Thursday, July 19th. SunTrust Banks lifted their price objective on Primerica to $118.00 and gave the company a “hold” rating in a report on Monday, July 30th. Finally, Citigroup cut Primerica from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $100.00 to $108.00 in a report on Tuesday, September 18th.

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $120.63, for a total value of $361,890.00. Following the completion of the transaction, the chief executive officer now directly owns 68,287 shares of the company’s stock, valued at approximately $8,237,460.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alison S. Rand sold 2,000 shares of Primerica stock in a transaction on Friday, August 31st. The shares were sold at an average price of $121.35, for a total value of $242,700.00. Following the completion of the transaction, the chief financial officer now directly owns 22,861 shares of the company’s stock, valued at $2,774,182.35. The disclosure for this sale can be found here. Insiders sold a total of 16,356 shares of company stock valued at $1,974,339 over the last ninety days. Insiders own 0.89% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments LLC bought a new position in shares of Primerica in the 2nd quarter valued at $211,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Primerica in the 2nd quarter valued at $212,000. Mount Yale Investment Advisors LLC bought a new position in shares of Primerica in the 1st quarter valued at $265,000. New England Asset Management Inc. bought a new position in shares of Primerica in the 2nd quarter valued at $377,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Primerica in the 2nd quarter valued at $393,000. Institutional investors own 88.78% of the company’s stock.

NYSE:PRI opened at $110.19 on Friday. The company has a market cap of $5.20 billion, a P/E ratio of 19.96 and a beta of 1.13. Primerica has a 1-year low of $85.07 and a 1-year high of $128.35.

Primerica (NYSE:PRI) last released its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.12. The business had revenue of $467.82 million during the quarter, compared to analysts’ expectations of $466.82 million. Primerica had a return on equity of 21.07% and a net margin of 21.55%. During the same period last year, the firm posted $1.36 EPS. Analysts predict that Primerica will post 7.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, August 21st were issued a $0.25 dividend. The ex-dividend date was Monday, August 20th. This represents a $1.00 annualized dividend and a yield of 0.91%. Primerica’s dividend payout ratio is presently 18.12%.

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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