Jefferies analyst Suneet Kamath maintained a Hold rating on Primerica (PRI – Research Report) yesterday and set a price target of $283.00. The company’s shares closed last Friday at $297.73.
Kamath covers the Financial sector, focusing on stocks such as Ameriprise Financial, Metlife, and Prudential Financial. According to TipRanks, Kamath has an average return of 12.0% and a 73.54% success rate on recommended stocks.
In addition to Jefferies, Primerica also received a Hold from KBW’s Ryan Krueger in a report issued on November 8. However, on November 7, TD Cowen maintained a Buy rating on Primerica (NYSE: PRI).
Based on Primerica’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $774.13 million and a net profit of $164.37 million. In comparison, last year the company earned a revenue of $697.5 million and had a net profit of $152.06 million
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRI in relation to earlier this year. Most recently, in September 2024, John Addison, a Director at PRI sold 2,000.00 shares for a total of $507,700.00.
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Primerica (PRI) Company Description:
Primerica, Inc. engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies. The Investment and Savings Products segment involves retail and managed mutual funds and annuities, and segregated funds. The Corporate and Other Distributed Products segment comprises the revenues and expenses related to discontinued lines of insurance. The company was founded by Arthur L. Williams, Jr. and Angela Williams on February 10, 1977 and is headquartered in Dublin, GA.
