Primerica, Inc. (NYSE:PRI) COO Sells $387,330.00 in Stock

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Primerica, Inc. (NYSE:PRI) COO Gregory C. Pitts sold 3,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $129.11, for a total value of $387,330.00. Following the completion of the sale, the chief operating officer now directly owns 13,030 shares in the company, valued at $1,682,303.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:PRI opened at $130.20 on Friday. The company has a market cap of $5.37 billion, a P/E ratio of 17.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.54. Primerica, Inc. has a 1 year low of $90.28 and a 1 year high of $132.17. The stock’s fifty day moving average price is $125.50 and its 200-day moving average price is $122.40.

Primerica (NYSE:PRI) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. The firm had revenue of $520.60 million for the quarter, compared to the consensus estimate of $518.78 million. Primerica had a return on equity of 22.88% and a net margin of 17.90%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 earnings per share. On average, sell-side analysts anticipate that Primerica, Inc. will post 8.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, November 19th. Primerica’s payout ratio is currently 18.55%.

Large investors have recently made changes to their positions in the company. TCI Wealth Advisors Inc. lifted its holdings in Primerica by 50.0% in the second quarter. TCI Wealth Advisors Inc. now owns 300 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Doyle Wealth Management bought a new position in Primerica in the second quarter valued at about $54,000. Advisory Services Network LLC lifted its holdings in Primerica by 74.5% in the second quarter. Advisory Services Network LLC now owns 459 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 196 shares during the period. Kavar Capital Partners LLC bought a new position in Primerica in the second quarter valued at about $55,000. Finally, Point72 Asset Management L.P. bought a new position in Primerica in the second quarter valued at about $60,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on PRI. ValuEngine cut Primerica from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Zacks Investment Research cut Primerica from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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Insider Buying and Selling by Quarter for Primerica (NYSE:PRI)

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