Primerica price target raised to $210 from $160 at Truist

Truist analyst Mark Hughes raised the firm’s price target on Primerica to $210 from $160 and keeps a Buy rating on the shares. The analyst is updating the firm’s model to reflect the company’s healthy operating performance, including higher expected investment income as well as the lift from the transition to LDTI accounting. The firm remains positive on the stock and contends that Primerica’s large salesforce allows it to efficiently reach middle market consumers who are largely ignored by competing insurance companies and financial advisors.