Morgan Stanley analyst Nigel Dally maintained a Hold rating on Primerica (PRI – Research Report) on July 10 and set a price target of $170.00. The company’s shares opened today at $201.66.
Dally covers the Financial sector, focusing on stocks such as AFLAC, Ameriprise Financial, and Metlife. According to TipRanks, Dally has an average return of 11.9% and a 57.34% success rate on recommended stocks.
Currently, the analyst consensus on Primerica is a Hold with an average price target of $202.50.
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Based on Primerica’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $690.04 million and a net profit of $125.11 million. In comparison, last year the company earned a revenue of $691.23 million and had a net profit of $81.42 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Primerica, Inc. engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies. The Investment and Savings Products segment involves retail and managed mutual funds and annuities, and segregated funds. The Corporate and Other Distributed Products segment comprises the revenues and expenses related to discontinued lines of insurance. The company was founded by Arthur L. Williams, Jr. and Angela Williams on February 10, 1977 and is headquartered in Dublin, GA.
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