Market Runner: Could Primerica, Inc. Change Direction After Touching All Time High?

Market Runner: Could Primerica, Inc. Change Direction After Touching All Time High?

The stock of Primerica, Inc. (NYSE:PRI) reached all time high today, Nov, 10 and still has $93.66 target or 40.00% above today’s $66.90 share price. This indicates more upside for the $3.42B company. This technical setup was reported by Barchart.com. If the $93.66 PT is reached, the company will be worth $1.37B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.10 million shares traded hands or 179.27% up from the average. Primerica, Inc. (NYSE:PRI) has risen 41.45% since April 8, 2016 and is uptrending. It has outperformed by 35.81% the S&P500.

Primerica, Inc. (NYSE:PRI) Ratings Coverage

Out of 6 analysts covering Primerica Inc. (NYSE:PRI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Primerica Inc. has been the topic of 7 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Wednesday, July 13 by Wood. The firm has “Outperform” rating by William Blair given on Friday, January 22. Wells Fargo initiated the shares of PRI in a report on Friday, September 23 with “Market Perform” rating. The rating was downgraded by Raymond James to “Outperform” on Tuesday, October 20. The stock has “Buy” rating given by Jefferies on Monday, August 17. As per Wednesday, September 9, the company rating was reinitiated by Keefe Bruyette & Woods. The rating was reinitiated by Wood on Wednesday, September 9 with “Outperform”.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.57, from 1.39 in 2016Q1. The ratio turned negative, 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.
Susquehanna Gru Limited Liability Partnership owns 65,522 shares or 0% of their US portfolio. Rs Investment Company Llc last reported 1.25M shares in the company. Guggenheim Capital Lc owns 5,690 shares or 0% of their US portfolio. Bridgeway Capital has invested 0.01% of its portfolio in Primerica, Inc. (NYSE:PRI). Brandywine Glob Invest Mgmt Limited last reported 189,363 shares in the company. Shell Asset Company reported 37,057 shares or 0.05% of all its holdings. Proshare Ltd holds 16,181 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage holds 0.01% of its portfolio in Primerica, Inc. (NYSE:PRI) for 26,115 shares. Blackrock Inv Mngmt Limited Liability owns 292,880 shares or 0.02% of their US portfolio. Comerica Bank & Trust has invested 0.02% of its portfolio in Primerica, Inc. (NYSE:PRI). M&T Bank & Trust reported 4,704 shares or 0% of all its holdings. Denver Invest Advsr Lc reported 204,678 shares or 0.53% of all its holdings. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 520,000 shares. Columbia Prtnrs L L C Invest Mngmt holds 40,274 shares or 0.17% of its portfolio. Chicago Equity Partners Ltd Limited Liability Company last reported 70,395 shares in the company.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 11 selling transactions for $1.59 million net activity. $79,396 worth of Primerica, Inc. (NYSE:PRI) was sold by Kelly William A. on Monday, July 25. Pitts Gregory C. sold 8,624 shares worth $469,817. Adams Michael C. sold $129,965 worth of Primerica, Inc. (NYSE:PRI) on Monday, August 1. Shares for $266,061 were sold by Fendler Jeffrey S.. Babbit Joel M. also sold $80,571 worth of Primerica, Inc. (NYSE:PRI) shares. 2,000 shares were sold by Rand Alison S., worth $114,880 on Wednesday, August 31.

More important recent Primerica, Inc. (NYSE:PRI) news were published by: Nasdaq.com which released: “Primerica, Inc. Q3 Income Advances 18%” on November 09, 2016, also Businesswire.com published article titled: “Board of Directors of Primerica, Inc. Declares $0.18 Quarterly Dividend”, Forbes.com published: “Ex-Dividend Reminder: Hawaiian Electric Industries, AFLAC and Primerica” on August 18, 2016. More interesting news about Primerica, Inc. (NYSE:PRI) was released by: Seekingalpha.com and their article: “Will The Recent DOL Rule End Primerica?” with publication date: October 31, 2016.

PRI Company Profile

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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