November 28, 2016 - By Marguerite Chambers
As announced in the (SEC), a report for the sale of 1,500 shares of Primerica Inc by William Kelly was filled. William Kelly is currently the President of Subsidiary of the Georgia-based company. The document was filled on November 23, 2016. The shares were sold at average $71.5 for each share, and have a value of $107,230 U.S. Dollars. In the last 30 days, he also unloaded 1,500 shares that are worth about $82,876 USD. Currently, Mr. William, has 20,630 shares, which accounts for 0.05% of Primerica Inc’s market cap.
Out of 6 analysts covering Primerica Inc. (NYSE:PRI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $60 is the highest target while $50 is the lowest. The $55 average target is -22.83% below today’s ($71.27) stock price. Primerica Inc. has been the topic of 7 analyst reports since August 17, 2015 according to StockzIntelligence Inc. On Tuesday, October 20 the stock rating was downgraded by Raymond James to “Outperform”. The firm earned “Market Perform” rating on Friday, September 23 by Wells Fargo. The firm earned “Outperform” rating on Wednesday, September 9 by Wood. The firm earned “Buy” rating on Monday, August 17 by Jefferies. On Wednesday, July 13 the stock rating was downgraded by Wood to “Market Perform”. The rating was initiated by William Blair with “Outperform” on Friday, January 22. On Wednesday, September 9 the stock rating was reinitiated by Keefe Bruyette & Woods with “Outperform”.
Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.66, from 0.82 in 2016Q1. The ratio improved, as 20 funds sold all Primerica, Inc. shares owned while 86 reduced positions. 25 funds bought stakes while 62 increased positions. They now own 51.53 million shares or 2.44% less from 52.83 million shares in 2016Q1.
Panagora Asset Management, a Massachusetts-based fund reported 8,252 shares. Ameriprise Financial has 0.01% invested in the company for 160,642 shares. Vanguard Inc has invested 0.01% of its portfolio in Primerica, Inc. (NYSE:PRI). Guggenheim Cap last reported 0% of its portfolio in the stock. Retirement Of Alabama holds 60,687 shares or 0.02% of its portfolio. Legal And General Gru Public Ltd Company holds 32,276 shares or 0% of its portfolio. Dreman Value Management L L C has invested 0.16% of its portfolio in Primerica, Inc. (NYSE:PRI). Parametric Port Assocs Limited has invested 0.01% of its portfolio in Primerica, Inc. (NYSE:PRI). Schroder Investment Mngmt Gp accumulated 5,100 shares or 0% of the stock. Moreover, Bancorporation Of Montreal Can has 0% invested in Primerica, Inc. (NYSE:PRI) for 3,627 shares. Envestnet Asset Management owns 40,336 shares or 0.01% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Primerica, Inc. (NYSE:PRI). Burnham Asset Mngmt New York has 4,000 shares for 0.06% of their US portfolio. Neuberger Berman Grp Incorporated Limited Liability has 0% invested in the company for 6,500 shares. Cantab Limited Liability Partnership has 0% invested in the company for 1,806 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 10 selling transactions for $946,893 net activity. The insider Rand Alison S. sold $114,880. On Wednesday, September 7 the insider Babbit Joel M. sold $80,571. Another trade for 1,418 shares valued at $87,916 was sold by Pitts Gregory C. Kelly William A. sold $82,876 worth of stock or 1,500 shares. 1,000 shares were sold by Fendler Jeffrey S., worth $56,020. $129,965 worth of Primerica, Inc. (NYSE:PRI) was sold by Adams Michael C. on Monday, August 1.
About 454,477 shares traded hands. Primerica, Inc. (NYSE:PRI) has risen 43.00% since April 25, 2016 and is uptrending. It has outperformed by 36.98% the S&P500.
Primerica Inc. distributes financial products to middle-income households. The company has a market cap of $3.23 billion. The Firm operates through three divisions. It has a 16.27 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.
According to Zacks Investment Research, “Primerica, Inc. provides financial products and services. It assists its clients in meeting their needs for term life insurance, which it underwrites, and mutual funds, variable annuities and other financial products, which it distributes primarily on behalf of third parties. The Company’s mission is to serve middle income families by helping them make informed financial decisions and providing them with a strategy and means to gain financial independence. The Company’s sales representatives use its proprietary financial needs analysis, or FNA, tool and an educational approach to demonstrate how its products can assist clients to provide financial protection for their families, save for their retirement and manage their debt. The Company’s clients are generally middle income consumers. Primerica also provides an entrepreneurial business opportunity for individuals to distribute its financial products. The Company is based in Duluth, Georgia.”
Analysts await Primerica, Inc. (NYSE:PRI) to report earnings on February, 8. They expect $1.19 earnings per share, up 17.82% or $0.18 from last year’s $1.01 per share. PRI’s profit will be $53.93M for 14.97 P/E if the $1.19 EPS becomes a reality. After $1.22 actual earnings per share reported by Primerica, Inc. for the previous quarter, Wall Street now forecasts -2.46% negative EPS growth.
More recent Primerica, Inc. (NYSE:PRI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Hawaiian Electric Industries, AFLAC and Primerica” on August 18, 2016. Also Forbes.com published the news titled: “Primerica is Oversold” on August 02, 2016. Nasdaq.com‘s news article titled: “Primerica, Inc. Q3 Income Advances 18%” with publication date: November 09, 2016 was also an interesting one.
Primerica Inc. (Primerica), incorporated on October 26, 2009, is a distributor of financial products to middle-income households in the United States and Canada. The Firm operates through three divisions: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. 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. The Investment and Savings Products segment includes retail and managed mutual funds, and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an individual annuity savings product that it underwrites in Canada through Primerica Life Insurance Company of Canada (Primerica Life Canada). In the United States, it distributes mutual fund and annuity products of various third-party companies. It also earns fees for account servicing on a subset of the mutual funds it distributes. In Canada, it offers a Primerica-branded fund-of-funds mutual fund product, as well as mutual funds of mutual fund companies. The Corporate and Other Distributed Products segment consists of revenues and expenses related to the distribution of non-core products, allocated net investment income, prepaid legal services and various financial products other than its core term life insurance products underwritten or offered by third-party providers.
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