Primerica (NYSE:PRI) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Sunday.

PRI has been the subject of a number of other research reports. Zacks Investment Research raised shares of Primerica from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 target price on shares of Primerica in a report on Friday, November 10th. Finally, SunTrust Banks cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Primerica presently has an average rating of “Hold” and an average price target of $90.50.

Shares of Primerica (PRI) opened at $101.55 on Friday. The firm has a market cap of $4,493.38, a PE ratio of 19.76, a P/E/G ratio of 1.89 and a beta of 1.24. Primerica has a 52-week low of $68.90 and a 52-week high of $106.40.

Primerica (NYSE:PRI) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. The firm had revenue of $427.30 million during the quarter, compared to analysts’ expectations of $425.83 million. Primerica had a net margin of 14.55% and a return on equity of 18.94%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 earnings per share. equities analysts predict that Primerica will post 5.36 earnings per share for the current fiscal year.

In other news, VP Gregory C. Pitts sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total value of $462,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc acquired a new position in shares of Primerica in the second quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Primerica by 13.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the financial services provider’s stock valued at $158,000 after buying an additional 242 shares during the period. Flinton Capital Management LLC increased its stake in shares of Primerica by 69.5% in the second quarter. Flinton Capital Management LLC now owns 2,224 shares of the financial services provider’s stock valued at $169,000 after buying an additional 912 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Primerica by 68.7% in the second quarter. Riverhead Capital Management LLC now owns 2,530 shares of the financial services provider’s stock valued at $192,000 after buying an additional 1,030 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of Primerica in the third quarter valued at approximately $204,000. 95.89% of the stock is owned by institutional investors.

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About Primerica

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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