Morgan Stanley has adjusted its price target for Primerica (PRI, Financial), reducing it from $304 to $274 while maintaining an Equal Weight rating on the stock. This adjustment comes as part of a broader revision in the firm's earnings forecasts across its life insurance sector coverage.
Specifically, the firm has lowered its earnings per share (EPS) estimates for the first quarter by 3% and its projections for 2025 by 4%. These changes reflect a challenging outlook that varies among companies in the sector. For those focusing primarily on underwriting, which are typically less affected by equity market shifts, the estimates saw less drastic revisions. However, the evolving operational landscape has still led to minor downward adjustments for these companies.
