Latest Stocks: Keefe, Bruyette & Woods Reaffirms Hold Rating for Primerica, Inc. (PRI)

Latest Stocks: Keefe, Bruyette & Woods Reaffirms Hold Rating for Primerica, Inc. (PRI)

Primerica, Inc. (NYSE:PRI)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a research report issued on Friday, May 12th. They presently have a $81.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 13.37% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Primerica from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. William Blair downgraded Primerica from an “outperform” rating to a “market perform” rating in a research report on Friday, April 21st. They noted that the move was a valuation call. Wells Fargo & Co downgraded Primerica from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 20th. SunTrust Banks, Inc. set a $95.00 target price on Primerica and gave the company a “buy” rating in a research report on Saturday, February 11th. Finally, Citigroup Inc assumed coverage on Primerica in a research report on Thursday, January 26th. They issued a “neutral” rating and a $76.00 target price for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Primerica has an average rating of “Hold” and a consensus price target of $83.25.

Primerica (NYSE:PRI) opened at 71.45 on Friday. The stock’s 50 day moving average is $79.57 and its 200-day moving average is $77.05. The firm has a market capitalization of $3.25 billion, a PE ratio of 14.94 and a beta of 1.15. Primerica has a 52-week low of $49.69 and a 52-week high of $86.45.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.15 by $0.04. Primerica had a return on equity of 17.98% and a net margin of 14.44%. The business had revenue of $405.20 million for the quarter, compared to the consensus estimate of $401.58 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. Primerica’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Primerica will post $5.23 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.06%. Primerica’s payout ratio is 15.72%.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.15 by $0.04. Primerica had a return on equity of 17.98% and a net margin of 14.44%. The business had revenue of $405.20 million for the quarter, compared to the consensus estimate of $401.58 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. Primerica’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Primerica will post $5.23 earnings per share for the current year. In related news, President Peter W. Schneider sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $81.30, for a total transaction of $150,405.00. Following the completion of the sale, the president now owns 29,439 shares of the company’s stock, valued at $2,393,390.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alison S. Rand sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $71.55, for a total value of $143,100.00. Following the sale, the vice president now directly owns 37,385 shares of the company’s stock, valued at approximately $2,674,896.75. The disclosure for this sale can be found here. In the last three months, insiders sold 6,350 shares of company stock valued at $499,230. Insiders own 1.24% of the company’s stock.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Primerica by 22,346.4% in the first quarter. BlackRock Inc. now owns 4,448,197 shares of the financial services provider’s stock worth $365,642,000 after buying an additional 4,428,380 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Primerica by 142.0% in the first quarter. Goldman Sachs Group Inc. now owns 858,611 shares of the financial services provider’s stock worth $70,578,000 after buying an additional 503,786 shares during the period. Norges Bank purchased a new stake in shares of Primerica during the fourth quarter worth approximately $24,345,000. Vanguard Group Inc. boosted its stake in shares of Primerica by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,071,986 shares of the financial services provider’s stock worth $416,917,000 after buying an additional 307,797 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Primerica during the fourth quarter worth approximately $17,435,000. Primerica Company Profile

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