Price Action Report: Is Buying Stock Like Primerica, Inc. After Such Increase Winning Strategy?

Price Action Report: Is Buying Stock Like Primerica, Inc. After Such Increase Winning Strategy?

The stock of Primerica, Inc. (NYSE:PRI) is a huge mover today! About 1.37M shares traded hands or 247.82% 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.
The move comes after 7 months positive chart setup for the $3.40 billion company. It was reported on Nov, 10 by Barchart.com. We have $95.10 PT which if reached, will make NYSE:PRI worth $1.46 billion more.

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. Wood reinitiated the stock with “Outperform” rating in Wednesday, September 9 report. The stock has “Market Perform” rating given by Wells Fargo on Friday, September 23. The stock of Primerica, Inc. (NYSE:PRI) has “Outperform” rating given on Tuesday, October 20 by Raymond James. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Wednesday, September 9. The company was initiated on Friday, January 22 by William Blair. The rating was downgraded by Wood to “Market Perform” on Wednesday, July 13. Jefferies upgraded the shares of PRI in a report on Monday, August 17 to “Buy” rating.

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 Q2 2016. Its down 0.57, from 1.39 in 2016Q1. The ratio worsened, 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.
Lazard Asset Management Limited Company last reported 67,935 shares in the company. Pzena Management Ltd Llc holds 125,265 shares or 0.04% of its portfolio. Wesbanco National Bank reported 7,240 shares or 0.02% of all its holdings. The Virginia-based Virginia Retirement Sys Et Al has invested 0.01% in Primerica, Inc. (NYSE:PRI). The New York-based Tower Research Ltd Liability Company (Trc) has invested 0.02% in Primerica, Inc. (NYSE:PRI). Columbia L L C Investment Management reported 40,274 shares or 0.17% of all its holdings. Pnc Fincl Serv accumulated 0% or 3,068 shares. Alpine Woods Cap Invsts Lc owns 6,728 shares or 0.02% of their US portfolio. The Minnesota-based Ameriprise Financial Inc has invested 0.01% in Primerica, Inc. (NYSE:PRI). Blackrock Fund Advsrs holds 0.03% or 2.36 million shares in its portfolio. Rocky Mountain Advisers Ltd Liability Company holds 0.01% or 38 shares in its portfolio. Benjamin F Edwards & holds 0% of its portfolio in Primerica, Inc. (NYSE:PRI) for 28 shares. United Service Automobile Association owns 134,320 shares or 0.03% of their US portfolio. The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.04% in Primerica, Inc. (NYSE:PRI). State Of New Jersey Common Pension Fund D accumulated 0.14% or 520,000 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 11 selling transactions for $1.59 million net activity. $145,181 worth of Primerica, Inc. (NYSE:PRI) was sold by Pitts Gregory C. on Monday, June 6. $82,876 worth of Primerica, Inc. (NYSE:PRI) was sold by Kelly William A.. The insider Rand Alison S. sold $114,880. $129,965 worth of shares were sold by Adams Michael C. on Monday, August 1. Fendler Jeffrey S. sold 1,000 shares worth $56,020. Babbit Joel M. sold $80,571 worth of stock or 1,406 shares.

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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