Primerica, Inc. (NYSE:PRI) President Peter W. Schneider sold 991 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $100.97, for a total transaction of $100,061.27. Following the completion of the transaction, the president now owns 25,881 shares in the company, valued at $2,613,204.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Primerica, Inc. (NYSE:PRI) traded down $2.15 during midday trading on Thursday, reaching $95.35. 85,293 shares of the company traded hands, compared to its average volume of 195,931. Primerica, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $108.05. The firm has a market capitalization of $4,451.10, a price-to-earnings ratio of 12.44, a P/E/G ratio of 1.39 and a beta of 1.14.
Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.17. Primerica had a net margin of 20.74% and a return on equity of 19.47%. The business had revenue of $442.94 million for the quarter, compared to analyst estimates of $435.87 million. During the same period in the prior year, the business posted $1.19 earnings per share. Primerica’s revenue was up 12.5% compared to the same quarter last year. equities research analysts expect that Primerica, Inc. will post 7.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, February 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, February 14th. This is an increase from Primerica’s previous quarterly dividend of $0.20. Primerica’s dividend payout ratio is presently 13.07%.
Large investors have recently modified their holdings of the business. Parametrica Management Ltd bought a new stake in Primerica in the fourth quarter valued at approximately $203,000. Csenge Advisory Group bought a new stake in Primerica in the fourth quarter valued at approximately $210,000. Zeke Capital Advisors LLC bought a new stake in Primerica in the fourth quarter valued at approximately $218,000. Raymond James Financial Services Advisors Inc. bought a new stake in Primerica in the fourth quarter valued at approximately $234,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Primerica in the fourth quarter valued at approximately $242,000. 93.20% of the stock is owned by hedge funds and other institutional investors.
PRI has been the topic of several analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $95.00 price objective on shares of Primerica in a report on Friday, November 10th. ValuEngine upgraded shares of Primerica from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Wells Fargo & Co restated a “market perform” rating and issued a $100.00 price objective (up from $95.00) on shares of Primerica in a report on Tuesday, January 9th. Zacks Investment Research lowered shares of Primerica from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, SunTrust Banks increased their price objective on shares of Primerica to $112.00 and gave the company a “hold” rating in a report on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $101.25.
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Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.
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