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Investing.com - Truist Securities maintained its Buy rating and $340.00 price target on Primerica (NYSE:PRI) Monday, citing positive indicators for the company’s Investment & Savings Products (ISP) segment.
The firm raised its earnings per share estimates for Primerica to $21.42 from $21.30 for 2025 and to $23.57 from $23.35 for 2026, based on accelerating annuity sales data and continuing equity market tailwinds.
Truist noted that industry-wide life sales showed improvement in the third quarter, further supporting its positive outlook for the financial services company.
The firm’s ISP segment revenue forecast of $300 million for the third quarter exceeds the Street consensus of $295 million, highlighting expectations for stronger-than-anticipated performance in this business line.
Truist’s $340 price target represents a multiple of just over 14 times its 2026 earnings forecast, which is marginally ahead of Primerica’s 10-year average multiple.
In other recent news, Primerica Inc . reported its financial results for the second quarter of 2025, revealing a significant earnings beat. The company announced a diluted adjusted operating earnings per share (EPS) of $5.46, which exceeded analysts’ expectations of $5.20. Additionally, Primerica’s revenue surpassed forecasts, reaching $796.02 million against the anticipated $785.84 million. Despite these positive financial outcomes, the company’s stock experienced a decline. In other developments, BMO Capital upgraded Primerica’s stock from Market Perform to Outperform, highlighting the company’s captive salesforce model as a key factor for this decision. The research firm also raised its price target for Primerica to $318.00 from $292.00. These recent developments indicate a positive outlook from analysts regarding Primerica’s business model and financial performance.
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