Shares of Primerica, Inc. (NYSE:PRI – Get Rating) have been assigned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $158.40.

Several research analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Primerica from $148.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 6th. Truist Financial decreased their target price on shares of Primerica from $163.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, July 1st.

Insider Buying and Selling

In related news, CEO Glenn J. Williams sold 4,000 shares of Primerica stock in a transaction on Friday, May 20th. The shares were sold at an average price of $119.32, for a total value of $477,280.00. Following the sale, the chief executive officer now owns 62,215 shares in the company, valued at $7,423,493.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.85% of the stock is owned by insiders.

Institutional Trading of Primerica

Primerica Stock Performance

PRI stock opened at $129.06 on Tuesday. The company has a market capitalization of $5.02 billion, a PE ratio of 14.39 and a beta of 1.29. Primerica has a one year low of $110.22 and a one year high of $179.51. The company's 50 day moving average price is $121.84 and its two-hundred day moving average price is $129.71.

Primerica (NYSE:PRI – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The financial services provider reported $2.86 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.18). The business had revenue of $668.68 million for the quarter, compared to analysts' expectations of $707.24 million. Primerica had a return on equity of 22.07% and a net margin of 12.92%. The company's revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $3.25 earnings per share. On average, research analysts predict that Primerica will post 11.63 EPS for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Monday, August 22nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.70%. Primerica's payout ratio is 24.53%.

Primerica Company Profile

(Get Rating)

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

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