NEW YORK ( TheStreet) -- Primerica (NYSE: PRI) is trading at unusually high volume Wednesday with 1.2 million shares changing hands. It is currently at 5.5 times its average daily volume and trading down 45 cents (-2%) at $21.84 as of 9:35 a.m. ET.

Primerica has a market cap of $1.71 billion and is part of the financial sector and insurance industry. Shares are down 3.7% year to date as of the close of trading on Tuesday.

Primerica, Inc., together with its subsidiaries, engages in the distribution of financial products on behalf of third parties to middle income households in the United States and Canada. The company has a P/E ratio of 9.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Primerica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, feeble growth in the company's earnings per share and disappointing return on equity. You can view the full Primerica Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
null

If you liked this article you might like

Investors Are Trying to Figure Out the 'Powell Put'

Investors Are Trying to Figure Out the 'Powell Put'

Insider Trading Alert - MPLX, ABG And PRI Traded By Insiders

Insider Trading Alert - MPLX, ABG And PRI Traded By Insiders

Primerica (PRI) Flagged As Strong On High Volume

Primerica (PRI) Flagged As Strong On High Volume

Insider Trading Alert - DW, PRI And CPB Traded By Insiders

Insider Trading Alert - DW, PRI And CPB Traded By Insiders

Insider Trading Alert - WMGI, JBLU And PRI Traded By Insiders

Insider Trading Alert - WMGI, JBLU And PRI Traded By Insiders