Primerica (NYSE:PRI) was upgraded by equities research analysts at William Blair from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, Briefing.com Automated Import reports.
Several other brokerages have also commented on PRI. ValuEngine upgraded shares of Primerica from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Zacks Investment Research lowered shares of Primerica from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $128.00.
Shares of Primerica stock opened at $130.44 on Thursday. The firm has a market capitalization of $5.39 billion, a P/E ratio of 15.57 and a beta of 1.34. Primerica has a 52 week low of $108.75 and a 52 week high of $138.05. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $126.81 and its two-hundred day moving average is $125.54.
In other news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.94, for a total transaction of $392,820.00. Following the transaction, the chief executive officer now directly owns 66,620 shares in the company, valued at $8,723,222.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Alison S. Rand sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $134.01, for a total transaction of $268,020.00. Following the transaction, the chief financial officer now owns 15,337 shares in the company, valued at $2,055,311.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,000 shares of company stock worth $1,062,360. Insiders own 0.84% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in PRI. Clear Harbor Asset Management LLC acquired a new stake in shares of Primerica during the fourth quarter worth $46,000. NumerixS Investment Technologies Inc lifted its holdings in shares of Primerica by 66.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 500 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 200 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Primerica by 20.0% during the third quarter. Point72 Asset Management L.P. now owns 600 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Primerica during the third quarter worth $201,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of Primerica during the third quarter worth $204,000. Institutional investors and hedge funds own 88.92% of the company’s stock.
Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.
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