Primerica, Inc. (NYSE:PRI) Director P George Benson sold 311 shares of Primerica stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $123.35, for a total value of $38,361.85. Following the sale, the director now owns 16,237 shares in the company, valued at $2,002,833.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Primerica stock traded up $1.40 during midday trading on Friday, reaching $124.50. The stock had a trading volume of 198,900 shares, compared to its average volume of 203,619. Primerica, Inc. has a 12 month low of $71.60 and a 12 month high of $124.60. The stock has a market capitalization of $5.25 billion, a P/E ratio of 22.55 and a beta of 1.15.
Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.12. Primerica had a return on equity of 21.07% and a net margin of 21.55%. The business had revenue of $467.82 million for the quarter, compared to analysts’ expectations of $466.82 million. During the same period in the previous year, the business posted $1.36 EPS. research analysts predict that Primerica, Inc. will post 7.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, August 20th. Primerica’s dividend payout ratio is currently 18.12%.
PRI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Saturday, August 11th. ValuEngine upgraded Primerica from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. SunTrust Banks lifted their target price on Primerica to $118.00 and gave the stock a “hold” rating in a research note on Monday, July 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $112.00 target price on shares of Primerica in a research note on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $116.00.
A number of institutional investors have recently made changes to their positions in the stock. American International Group Inc. raised its stake in Primerica by 0.4% in the 2nd quarter. American International Group Inc. now owns 116,368 shares of the financial services provider’s stock valued at $11,590,000 after acquiring an additional 440 shares during the period. Aperio Group LLC grew its holdings in Primerica by 1.6% during the 2nd quarter. Aperio Group LLC now owns 28,498 shares of the financial services provider’s stock valued at $2,838,000 after buying an additional 461 shares in the last quarter. Blair William & Co. IL grew its holdings in Primerica by 8.4% during the 1st quarter. Blair William & Co. IL now owns 7,411 shares of the financial services provider’s stock valued at $716,000 after buying an additional 576 shares in the last quarter. Strs Ohio grew its holdings in Primerica by 3.2% during the 2nd quarter. Strs Ohio now owns 19,200 shares of the financial services provider’s stock valued at $1,912,000 after buying an additional 600 shares in the last quarter. Finally, GWM Advisors LLC grew its holdings in Primerica by 4.2% during the 2nd quarter. GWM Advisors LLC now owns 16,009 shares of the financial services provider’s stock valued at $1,618,000 after buying an additional 645 shares in the last quarter. Institutional investors and hedge funds own 89.26% of the company’s stock.
Primerica Company Profile
Primerica, Inc, together with its subsidiaries, distributes 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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