Media headlines about Primerica (NYSE:PRI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primerica earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.3056428939003 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- New hotel, shopping ‘just about there’ at Manatee’s northernmost I-75 interchange (bradenton.com)
- Pragma Inkaso SA.’s (WSE:PRI) Earnings Dropped -92.21%, Did Its Industry Show Weakness Too? (finance.yahoo.com)
- Tower Group International (TWGP) & Primerica (PRI) Financial Comparison (americanbankingnews.com)
- Primerica, Inc. (PRI) Short Interest Down 32.5% in February (americanbankingnews.com)
Shares of Primerica stock opened at $95.85 on Friday. Primerica has a 1 year low of $70.00 and a 1 year high of $108.05. The company has a market cap of $4,331.46, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Thursday, February 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Primerica’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.04%. Primerica’s payout ratio is 13.07%.
Primerica announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 7th that allows the company to repurchase $225.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Several brokerages have commented on PRI. SunTrust Banks boosted their price target on shares of Primerica to $112.00 and gave the stock a “hold” rating in a research report on Monday, January 22nd. ValuEngine upgraded shares of Primerica from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo reiterated a “market perform” rating and issued a $100.00 price target (up from $95.00) on shares of Primerica in a research report on Tuesday, January 9th. Finally, Zacks Investment Research cut shares of Primerica from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Primerica has a consensus rating of “Hold” and a consensus target price of $101.25.
In other Primerica news, CFO Alison S. Rand sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $100.95, for a total transaction of $201,900.00. Following the sale, the chief financial officer now owns 31,385 shares in the company, valued at approximately $3,168,315.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert F. Mccullough sold 500 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $95.90, for a total value of $47,950.00. Following the sale, the director now owns 18,585 shares in the company, valued at approximately $1,782,301.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,482 shares of company stock worth $1,770,883. 0.86% of the stock is owned by company insiders.
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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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