Primerica (PRI) Gets a Hold from Morgan Stanley

In a report released today, Bob Huang from Morgan Stanley maintained a Hold rating on Primerica, with a price target of $280.00.

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Huang covers the Financial sector, focusing on stocks such as Progressive, Prudential Financial, and Voya Financial. According to TipRanks, Huang has an average return of -6.7% and a 41.13% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Primerica with a $290.75 average price target.

Based on Primerica’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $838.34 million and a net profit of $197.05 million. In comparison, last year the company earned a revenue of $788.11 million and had a net profit of $167.07 million

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRI in relation to earlier this year. Last month, Peter Schneider, the President of PRI sold 1,800.00 shares for a total of $454,284.00.