Primerica Inc (NYSE:PRI) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $54.8, up by 3.1%, with a volume of 392,399 shares against an average amount for the last three months of 387,083.
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Primerica Inc (NYSE:PRI) stock is currently trading 7.65% below its 52-week-high, 47.75% above its 52-week-low. The 1-year stock price history is in the range of $37.09 – $59.34. Primerica Inc (PRI) has a price to earnings ratio of 13.38 versus Financial sector average of 15.9. PRI stock price has outperformed the S&P 500 by 13.4%. The Life & Health Insurance company is currently valued at $2.55 billion, and its share price closed the last trading session at $54.8. The stock has a 50-day moving average of $54.87 and a 200-day moving average of $54.54.
Primerica Inc (PRI) current short interest stands at 11.56 million shares. It has remained stable from the same period of last month. Around 30% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.26 million shares, the number of days required to cover the short positions stand at 44.4 days.
PRI is forecasted to report earnings per share of $1.13 and a revenue of $378.12 million for the 3rd Quarter of the fiscal year 2016. Primerica Inc (PRI) expects to post results on November 09. The Life & Health Insurance company announced last quarter earnings per share of $1.19 against a consensus Street estimate of $1.06, beating the average estimate by $0.13. The company posted a revenue of $379.2 million compared to an estimation of $374.2 million.
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There are currently four analysts that cover Primerica Inc stock. Of those four, two have a Buy rating, two have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $63.5.
A recent analyst activity consisted of Wells Fargo who initiated their coverage on the stock with Market Perform rating on September 23. On the date of report, the stock closed at $55.49.
Keefe, Bruyette & Woods downgraded their Outperform rating to Market Perform on July 13, and increased their price target on PRI stock from $58 to $60. This corresponds to a 9.49% upside from the last closing price. On the date of report, the stock closed at $57.8.
Primerica Inc. distributes financial products to middle income households in North America. The Company products include term life insurance, mutual funds, variable annuities and other financial products, which are distribute primarily on behalf of third parties.