18.39 % to Target, KBW Reconfirms ‘”Hold”’ Rating on Primerica (NYSE:PRI) Shares Today

April 16, 2018 - By Richard Conner

Primerica, Inc. (NYSE:PRI) Logo

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.04, from 1.01 in 2017Q3. It worsened, as 20 investors sold Primerica, Inc. shares while 92 reduced holdings. 43 funds opened positions while 66 raised stakes. 41.09 million shares or 5.30% less from 43.39 million shares in 2017Q3 were reported.

South State Corp, South Carolina-based fund reported 2,536 shares. Brant Point Invest Mgmt Ltd Liability Corp reported 10,000 shares. Eulav Asset Mgmt has invested 0.09% in Primerica, Inc. (NYSE:PRI). Gideon Advsrs Incorporated, a New York-based fund reported 2,479 shares. Fdx Advisors holds 7,293 shares or 0.02% of its portfolio. Bb&T Limited Liability Company owns 12,208 shares for 0.02% of their portfolio. Advisory Service Ntwk Lc reported 103 shares. Jpmorgan Chase Comm reported 0.01% of its portfolio in Primerica, Inc. (NYSE:PRI). 500 were reported by Fuller & Thaler Asset Inc. Rocky Mountain Advisers Limited Liability Corp accumulated 0.02% or 38 shares. First Mercantile invested in 0.03% or 1,280 shares. Virtu Lc invested 0.03% of its portfolio in Primerica, Inc. (NYSE:PRI). Bamco Ny has 1.26% invested in Primerica, Inc. (NYSE:PRI) for 2.68 million shares. Bluecrest Cap Mgmt Limited reported 4,356 shares. Phocas Finance holds 90,947 shares.

Since February 15, 2018, it had 0 insider buys, and 7 selling transactions for $1.92 million activity. Schneider Peter W. had sold 991 shares worth $100,064. Rand Alison S. also sold $1.02 million worth of Primerica, Inc. (NYSE:PRI) on Monday, March 12. 3,000 shares were sold by Williams Glenn J., worth $295,997 on Thursday, February 15.

Primerica (NYSE:PRI) Rating Reaffirmed

KBW now has a $113.0 price target on the $4.21B market cap company or 18.39 % upside potential. In a report sent to clients and investors on Thursday, 21 December, Primerica (NYSE:PRI) shares have had their “Hold” Rating restate by equity research analysts at KBW.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.04, from 1.01 in 2017Q3. It worsened, as 20 investors sold Primerica, Inc. shares while 92 reduced holdings. 43 funds opened positions while 66 raised stakes. 41.09 million shares or 5.30% less from 43.39 million shares in 2017Q3 were reported.

South State Corp, South Carolina-based fund reported 2,536 shares. Brant Point Invest Mgmt Ltd Liability Corp reported 10,000 shares. Eulav Asset Mgmt has invested 0.09% in Primerica, Inc. (NYSE:PRI). Gideon Advsrs Incorporated, a New York-based fund reported 2,479 shares. Fdx Advisors holds 7,293 shares or 0.02% of its portfolio. Bb&T Limited Liability Company owns 12,208 shares for 0.02% of their portfolio. Advisory Service Ntwk Lc reported 103 shares. Jpmorgan Chase Comm reported 0.01% of its portfolio in Primerica, Inc. (NYSE:PRI). 500 were reported by Fuller & Thaler Asset Inc. Rocky Mountain Advisers Limited Liability Corp accumulated 0.02% or 38 shares. First Mercantile invested in 0.03% or 1,280 shares. Virtu Lc invested 0.03% of its portfolio in Primerica, Inc. (NYSE:PRI). Bamco Ny has 1.26% invested in Primerica, Inc. (NYSE:PRI) for 2.68 million shares. Bluecrest Cap Mgmt Limited reported 4,356 shares. Phocas Finance holds 90,947 shares.

Since February 15, 2018, it had 0 insider buys, and 7 selling transactions for $1.92 million activity. Schneider Peter W. had sold 991 shares worth $100,064. Rand Alison S. also sold $1.02 million worth of Primerica, Inc. (NYSE:PRI) on Monday, March 12. 3,000 shares were sold by Williams Glenn J., worth $295,997 on Thursday, February 15.

Primerica, Inc. (NYSE:PRI) Ratings Coverage

Among 3 analysts covering Primerica (NYSE:PRI), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Primerica has $113.0 highest and $95.0 lowest target. $105’s average target is 10.01% above currents $95.45 stock price. Primerica had 5 analyst reports since October 19, 2017 according to SRatingsIntel. The stock of Primerica, Inc. (NYSE:PRI) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 11. The rating was maintained by Wells Fargo on Tuesday, January 9 with “Hold”. Keefe Bruyette & Woods maintained the shares of PRI in report on Friday, November 10 with “Hold” rating. The stock has “Hold” rating by SunTrust on Thursday, October 19. Keefe Bruyette & Woods maintained the shares of PRI in report on Thursday, December 21 with “Hold” rating.

The stock increased 1.27% or $1.2 during the last trading session, reaching $95.45. About 93,391 shares traded. Primerica, Inc. (NYSE:PRI) has risen 22.61% since April 16, 2017 and is uptrending. It has outperformed by 11.06% the S&P500.

Analysts await Primerica, Inc. (NYSE:PRI) to report earnings on May, 8. They expect $1.49 earnings per share, up 34.23 % or $0.38 from last year’s $1.11 per share. PRI’s profit will be $65.66M for 16.02 P/E if the $1.49 EPS becomes a reality. After $1.60 actual earnings per share reported by Primerica, Inc. for the previous quarter, Wall Street now forecasts -6.88 % negative EPS growth.

Primerica, Inc., together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company has market cap of $4.21 billion. The firm operates in three divisions: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It has a 12.54 P/E ratio. It underwrites individual term life insurance products.

Primerica, Inc. (NYSE:PRI) Institutional Positions Chart

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