Primerica price target lowered to $315 from $320 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Primerica (PRI) to $315 from $320 and keeps a Market Perform rating on the shares as part of a Q4 life insurance preview. The firm lowered Q4 earnings estimates by 5% on average citing softer variable investment income, lower market returns, and unfavorable currency moves. It expects much of the focus this quarter to be on 2025 outlooks.