BUZZ-Piper Sandler initiates coverage of Primerica at 'neutral'

** Piper Sandler starts coverage of life insurer Primerica PRI.N with a "" rating and a $283 price target, which represents an 8.2% upside to stock's last close

** Brokerage says PRI's intention to exit its senior health business should help reduce earnings volatility

** In July, PRI said it will exit the senior health business as it does have a clear path towards profitability within an "acceptable" timeframe

** Piper Sandler believes PRI shares are currently fairly valued

** One of seven brokerages rates the stock "buy" and six "hold"; their median PT is $275 - LSEG data

** As of last close, PRI shares up 27.1% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))