Primerica, Inc. (NYSE:PRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

According to Zacks, “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. “

A number of other equities research analysts have also recently weighed in on PRI. Wells Fargo & Company restated a “hold” rating on shares of Primerica in a research note on Tuesday. BidaskClub upgraded shares of Primerica from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $81.00 price objective on shares of Primerica in a research note on Friday, May 12th. Finally, William Blair lowered Primerica from an “outperform” rating to a “market perform” rating in a report on Friday, April 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $83.75.

Primerica (NYSE:PRI) opened at 80.85 on Friday. The firm has a market capitalization of $3.72 billion, a PE ratio of 16.47 and a beta of 1.14. The stock’s 50 day moving average is $78.53 and its 200-day moving average is $79.03. Primerica has a 1-year low of $52.50 and a 1-year high of $86.45.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Primerica had a net margin of 14.41% and a return on equity of 18.62%. The business had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $410.97 million. During the same period in the previous year, the business earned $1.23 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. Equities research analysts forecast that Primerica will post $5.23 EPS for the current year.

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In related news, VP Alison S. Rand sold 2,000 shares of Primerica stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $71.55, for a total value of $143,100.00. Following the transaction, the vice president now owns 37,385 shares of the company’s stock, valued at approximately $2,674,896.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.24% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Prudential Financial Inc. raised its stake in shares of Primerica by 5.0% in the first quarter. Prudential Financial Inc. now owns 32,041 shares of the financial services provider’s stock worth $2,634,000 after buying an additional 1,528 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Primerica by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,600 shares of the financial services provider’s stock worth $1,529,000 after buying an additional 200 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Primerica by 21.7% in the first quarter. Bank of New York Mellon Corp now owns 1,096,136 shares of the financial services provider’s stock worth $90,104,000 after buying an additional 195,245 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Primerica by 142.0% in the first quarter. Goldman Sachs Group Inc. now owns 858,611 shares of the financial services provider’s stock worth $70,578,000 after buying an additional 503,786 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Primerica by 10.7% in the first quarter. FMR LLC now owns 1,752,471 shares of the financial services provider’s stock worth $144,053,000 after buying an additional 169,689 shares during the last quarter. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

About Primerica

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: 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 company subsidiaries.

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