Jefferies Financial Group Increases Primerica (NYSE:PRI) Price Target to $236.00

Primerica (NYSE:PRI) had its target price boosted by equities researchers at Jefferies Financial Group from $235.00 to $236.00 in a report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price suggests a potential downside of 0.25% from the stock’s current price.

Other analysts have also recently issued reports about the company. StockNews.com cut Primerica from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Morgan Stanley boosted their target price on shares of Primerica from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods upped their price objective on Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $255.25.

Primerica Trading Up 0.1 %

PRI opened at $236.58 on Friday. The company has a market cap of $8.14 billion, a P/E ratio of 14.40 and a beta of 1.08. The business’s 50-day moving average price is $225.24 and its 200-day moving average price is $229.27. Primerica has a 12 month low of $184.76 and a 12 month high of $256.56.

Primerica (NYSE:PRI) last posted its earnings results on Monday, May 6th. The financial services provider reported $3.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.12 by ($0.21). The business had revenue of $742.83 million during the quarter, compared to the consensus estimate of $740.57 million. Primerica had a return on equity of 27.35% and a net margin of 20.44%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.49 earnings per share. Equities research analysts forecast that Primerica will post 17.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Primerica

In other news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $227.44, for a total transaction of $341,160.00. Following the sale, the president now directly owns 11,759 shares in the company, valued at approximately $2,674,466.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $222.76, for a total value of $668,280.00. Following the sale, the chief executive officer now directly owns 48,322 shares of the company’s stock, valued at approximately $10,764,208.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $227.44, for a total transaction of $341,160.00. Following the completion of the sale, the president now directly owns 11,759 shares in the company, valued at $2,674,466.96. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Primerica

Institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Primerica in the fourth quarter valued at approximately $31,194,000. Los Angeles Capital Management LLC raised its holdings in shares of Primerica by 47.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 125,585 shares of the financial services provider’s stock worth $25,840,000 after purchasing an additional 40,647 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Primerica during the third quarter worth $6,098,000. Envestnet Asset Management Inc. raised its holdings in shares of Primerica by 48.6% during the third quarter. Envestnet Asset Management Inc. now owns 61,535 shares of the financial services provider’s stock worth $11,938,000 after purchasing an additional 20,137 shares during the last quarter. Finally, EULAV Asset Management raised its holdings in shares of Primerica by 63.2% during the third quarter. EULAV Asset Management now owns 44,400 shares of the financial services provider’s stock worth $8,614,000 after purchasing an additional 17,200 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services 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.