Primerica, Inc. (NYSE:PRI) CFO Alison S. Rand sold 2,000 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $121.35, for a total transaction of $242,700.00. Following the completion of the sale, the chief financial officer now directly owns 22,861 shares in the company, valued at $2,774,182.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE:PRI opened at $123.10 on Friday. Primerica, Inc. has a 52 week low of $71.60 and a 52 week high of $124.35. The firm has a market capitalization of $5.25 billion, a PE ratio of 18.86 and a beta of 1.15.
Primerica (NYSE:PRI) last posted its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.12. The company had revenue of $467.82 million for the quarter, compared to analyst estimates of $466.82 million. Primerica had a net margin of 21.55% and a return on equity of 21.07%. During the same period in the prior year, the firm posted $1.36 EPS. sell-side analysts anticipate that Primerica, Inc. will post 7.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, August 20th. Primerica’s dividend payout ratio is presently 18.12%.
A number of equities research analysts have recently commented on PRI shares. ValuEngine raised shares of Primerica from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Zacks Investment Research raised shares of Primerica from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Saturday, August 11th. SunTrust Banks upped their price objective on shares of Primerica to $118.00 and gave the company a “hold” rating in a research note on Monday, July 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $112.00 price objective 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 assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $116.00.
A number of hedge funds and other institutional investors have recently modified their holdings of PRI. Quadrature Capital Ltd bought a new position in Primerica during the first quarter worth $204,000. Atria Investments LLC bought a new position in Primerica during the second quarter worth $211,000. Raymond James Financial Services Advisors Inc. bought a new position in Primerica during the second quarter worth $212,000. Mount Yale Investment Advisors LLC bought a new position in Primerica during the first quarter worth $265,000. Finally, Csenge Advisory Group boosted its stake in Primerica by 34.8% during the first quarter. Csenge Advisory Group now owns 2,790 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 720 shares in the last quarter. 89.26% of the stock is currently owned by institutional investors and hedge funds.
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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