Shares of Primerica, Inc. (NYSE:PRI) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $84.67.

Several analysts have commented on the company. Wells Fargo & Company reissued a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. BidaskClub raised Primerica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Primerica from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $81.00 price objective on shares of Primerica in a report on Friday, May 12th.

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $80.68, for a total value of $242,040.00. Following the sale, the chief executive officer now directly owns 77,895 shares of the company’s stock, valued at $6,284,568.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Phocas Financial Corp. raised its stake in shares of Primerica by 4.7% in the second quarter. Phocas Financial Corp. now owns 92,696 shares of the financial services provider’s stock valued at $7,022,000 after buying an additional 4,138 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Primerica during the second quarter valued at approximately $125,000. Colony Group LLC acquired a new stake in shares of Primerica during the second quarter valued at approximately $298,000. Koch Industries Inc. acquired a new stake in shares of Primerica during the second quarter valued at approximately $237,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Primerica during the second quarter valued at approximately $283,000. 96.76% of the stock is currently owned by institutional investors.

Primerica (PRI) traded up 0.52% during midday trading on Tuesday, reaching $76.80. 144,950 shares of the company’s stock traded hands. The stock has a market cap of $3.45 billion, a PE ratio of 15.64 and a beta of 1.14. The stock’s 50 day moving average price is $79.14 and its 200-day moving average price is $79.23. Primerica has a one year low of $52.50 and a one year high of $86.45.

Primerica (NYSE:PRI) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.35 by $0.01. The firm had revenue of $413.70 million for the quarter, compared to analyst estimates of $410.97 million. Primerica had a return on equity of 18.48% and a net margin of 14.41%. Primerica’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. Equities analysts predict that Primerica will post $5.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a $0.20 dividend. This is a positive change from Primerica’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 16th. Primerica’s dividend payout ratio (DPR) is presently 16.33%.

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Primerica Company Profile

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. 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.

Analyst Recommendations for Primerica (NYSE:PRI)

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