Primerica (PRI) – Analysts’ Weekly Ratings Updates

Primerica (NYSE: PRI) recently received a number of ratings updates from brokerages and research firms:

  • 4/2/2021 – Primerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 4/1/2021 – Primerica had its price target raised by analysts at Morgan Stanley from $160.00 to $165.00. They now have an “overweight” rating on the stock.
  • 4/1/2021 – Primerica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $167.00 price target on the stock. 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. “
  • 3/31/2021 – Primerica had its price target raised by analysts at Citigroup Inc. from $130.00 to $140.00.
  • 2/20/2021 – Primerica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $161.00 price target on the stock. 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. “
  • 2/18/2021 – Primerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 2/12/2021 – Primerica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $162.00 price target on the stock. 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. “
  • 2/11/2021 – Primerica had its price target raised by analysts at Morgan Stanley from $155.00 to $160.00. They now have an “overweight” rating on the stock.
  • 2/11/2021 – Primerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “

Shares of NYSE:PRI opened at $151.21 on Thursday. The company has a market cap of $5.95 billion, a PE ratio of 16.24 and a beta of 1.44. The company’s 50-day moving average price is $147.66 and its 200 day moving average price is $133.66. Primerica, Inc. has a fifty-two week low of $88.89 and a fifty-two week high of $157.70.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Monday, February 8th. The financial services provider reported $2.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.49 by ($0.04). The firm had revenue of $594.72 million during the quarter, compared to the consensus estimate of $583.43 million. Primerica had a net margin of 17.65% and a return on equity of 23.65%. During the same quarter in the prior year, the business earned $2.22 earnings per share. As a group, sell-side analysts anticipate that Primerica, Inc. will post 9.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, February 22nd were paid a dividend of $0.47 per share. This is a boost from Primerica’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 19th. This represents a $1.88 annualized dividend and a yield of 1.24%. Primerica’s dividend payout ratio (DPR) is presently 22.30%.

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $142.83, for a total transaction of $428,490.00. Following the transaction, the chief executive officer now owns 59,643 shares of the company’s stock, valued at approximately $8,518,809.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new position in Primerica during the 4th quarter valued at about $49,000. Wolff Wiese Magana LLC acquired a new position in Primerica during the 4th quarter valued at about $67,000. CI Investments Inc. increased its stake in Primerica by 473.8% during the 4th quarter. CI Investments Inc. now owns 809 shares of the financial services provider’s stock valued at $108,000 after buying an additional 668 shares during the period. Sowell Financial Services LLC increased its stake in Primerica by 74.4% during the 4th quarter. Sowell Financial Services LLC now owns 1,013 shares of the financial services provider’s stock valued at $136,000 after buying an additional 432 shares during the period. Finally, First Mercantile Trust Co. grew its stake in shares of Primerica by 46.3% in the 4th quarter. First Mercantile Trust Co. now owns 1,346 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 426 shares during the last quarter. 89.00% of the stock is currently owned by hedge funds and other institutional investors.

Primerica, Inc, together with its subsidiaries, provides 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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