Analysts at KBW Reiterate their Past ‘Hold’ rating on Shares Primerica (NYSE:PRI), Set a $83.0 Target Price per Share

September 17, 2017 - By Vivian Currie

 Analysts at KBW Reiterate their Past ‘Hold’ rating on Shares Primerica (NYSE:PRI), Set a $83.0 Target Price per Share

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.51, from 1.48 in 2016Q3. It is negative, as 21 investors sold Primerica, Inc. shares while 97 reduced holdings. 41 funds opened positions while 73 raised stakes. 47.17 million shares or 10.68% less from 52.81 million shares in 2016Q3 were reported.

Prospector Partners Ltd Llc holds 1.18% of its portfolio in Primerica, Inc. (NYSE:PRI) for 115,400 shares. Phocas, a California-based fund reported 100,563 shares. Liberty Mutual Gp Asset reported 0.05% of its portfolio in Primerica, Inc. (NYSE:PRI). Walthausen Ltd Liability Com has invested 1.7% in Primerica, Inc. (NYSE:PRI). California State Teachers Retirement reported 96,994 shares. Moreover, Stevens Capital Management L P has 0.05% invested in Primerica, Inc. (NYSE:PRI). Petrus Communications Lta holds 4,111 shares or 0.07% of its portfolio. 127,209 are owned by Guggenheim Capital Limited Liability. Americafirst Mngmt Limited Liability stated it has 0% in Primerica, Inc. (NYSE:PRI). Janney Montgomery Scott Lc owns 21,825 shares or 0.02% of their US portfolio. Agf Investments Inc accumulated 930,191 shares. Blackrock Fund Advsr stated it has 0.03% of its portfolio in Primerica, Inc. (NYSE:PRI). Jaffetilchin Investment Prtn Lc holds 4,621 shares or 0.1% of its portfolio. Parkwood Ltd Liability Company holds 0.27% of its portfolio in Primerica, Inc. (NYSE:PRI) for 25,205 shares. Suntrust Banks holds 0.01% in Primerica, Inc. (NYSE:PRI) or 16,826 shares.

Since April 5, 2017, it had 0 insider buys, and 1 sale for $205,715 activity. Kelly William A. had sold 2,500 shares worth $205,715 on Wednesday, April 5.

Primerica (NYSE:PRI) Rating Reaffirmed

Recently, In an analyst note published on 11 September, Primerica (NYSE:PRI) shares have had their Hold Rating reaffirmed by equity analysts at KBW, who currently has a $83.0 target price on company. This target by KBW means the possibile upside of 9.00 % from the last close price.

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.51, from 1.48 in 2016Q3. It is negative, as 21 investors sold Primerica, Inc. shares while 97 reduced holdings. 41 funds opened positions while 73 raised stakes. 47.17 million shares or 10.68% less from 52.81 million shares in 2016Q3 were reported.

Prospector Partners Ltd Llc holds 1.18% of its portfolio in Primerica, Inc. (NYSE:PRI) for 115,400 shares. Phocas, a California-based fund reported 100,563 shares. Liberty Mutual Gp Asset reported 0.05% of its portfolio in Primerica, Inc. (NYSE:PRI). Walthausen Ltd Liability Com has invested 1.7% in Primerica, Inc. (NYSE:PRI). California State Teachers Retirement reported 96,994 shares. Moreover, Stevens Capital Management L P has 0.05% invested in Primerica, Inc. (NYSE:PRI). Petrus Communications Lta holds 4,111 shares or 0.07% of its portfolio. 127,209 are owned by Guggenheim Capital Limited Liability. Americafirst Mngmt Limited Liability stated it has 0% in Primerica, Inc. (NYSE:PRI). Janney Montgomery Scott Lc owns 21,825 shares or 0.02% of their US portfolio. Agf Investments Inc accumulated 930,191 shares. Blackrock Fund Advsr stated it has 0.03% of its portfolio in Primerica, Inc. (NYSE:PRI). Jaffetilchin Investment Prtn Lc holds 4,621 shares or 0.1% of its portfolio. Parkwood Ltd Liability Company holds 0.27% of its portfolio in Primerica, Inc. (NYSE:PRI) for 25,205 shares. Suntrust Banks holds 0.01% in Primerica, Inc. (NYSE:PRI) or 16,826 shares.

Since April 5, 2017, it had 0 insider buys, and 1 sale for $205,715 activity. Kelly William A. had sold 2,500 shares worth $205,715 on Wednesday, April 5.

Primerica, Inc. (NYSE:PRI) Ratings Coverage

Among 7 analysts covering Primerica Inc. (NYSE:PRI), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Primerica Inc. has $8300 highest and $50 lowest target. $71.33’s average target is -6.33% below currents $76.15 stock price. Primerica Inc. had 16 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, October 20 by Raymond James. Keefe Bruyette & Woods maintained it with “Hold” rating and $83.0 target in Monday, September 11 report. The rating was initiated by Wells Fargo on Friday, September 23 with “Market Perform”. The firm earned “Market Perform” rating on Wednesday, July 13 by Wood. The rating was maintained by Wood on Tuesday, April 11 with “Hold”. The rating was upgraded by Jefferies on Monday, August 17 to “Buy”. Wells Fargo downgraded the shares of PRI in report on Friday, April 21 to “Market Perform” rating. The firm earned “Neutral” rating on Thursday, January 26 by Citigroup. The rating was downgraded by William Blair on Monday, April 24 to “Market Perform”. Wells Fargo maintained the stock with “Hold” rating in Tuesday, August 8 report.

The stock increased 1.33% or $1 on September 15, reaching $76.15. About 512,117 shares traded or 104.10% up from the average. Primerica, Inc. (NYSE:PRI) has risen 46.20% since September 17, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Analysts expect Primerica, Inc. (NYSE:PRI) to report $1.37 EPS on November, 8.They anticipate $0.15 EPS change or 12.30 % from last quarter’s $1.22 EPS. PRI’s profit would be $61.53M giving it 13.90 P/E if the $1.37 EPS is correct. After having $1.36 EPS previously, Primerica, Inc.’s analysts see 0.74 % EPS growth.

Primerica Inc. is a distributor of financial products to middle-income households in the United States and Canada. The company has market cap of $3.42 billion. The Firm operates through three divisions: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. It has a 15.49 P/E ratio. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance firm subsidiaries.

Another recent and important Primerica, Inc. (NYSE:PRI) news was published by Nasdaq.com which published an article titled: “Primerica (PRI) and Units’ Ratings Retained by AM Best” on August 30, 2017.

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