Primerica, Inc. (NYSE:PRI) CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $98.67, for a total transaction of $296,010.00. Following the transaction, the chief executive officer now directly owns 63,095 shares in the company, valued at $6,225,583.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Primerica, Inc. (PRI) traded up $0.60 during mid-day trading on Tuesday, reaching $100.10. 58,776 shares of the company’s stock traded hands, compared to its average volume of 202,338. Primerica, Inc. has a 52-week low of $70.00 and a 52-week high of $108.05. The company has a market cap of $4,420.00, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.37 and a beta of 1.14.
Primerica (NYSE:PRI) last released its earnings results on Wednesday, February 7th. The financial services provider reported $1.60 EPS for the quarter, beating the 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 firm had revenue of $442.94 million for the quarter, compared to analyst estimates of $435.87 million. During the same period last year, the firm earned $1.19 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. analysts anticipate that Primerica, Inc. will post 7.24 earnings per share for the current fiscal 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 issued a $0.25 dividend. This is a positive change from Primerica’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, February 14th. Primerica’s dividend payout ratio (DPR) is currently 13.12%.
Hedge funds have recently added to or reduced their stakes in the business. Parametrica Management Ltd bought a new position in Primerica in the 4th quarter valued at about $203,000. Magnetar Financial LLC bought a new position in Primerica in the 3rd quarter valued at about $204,000. Csenge Advisory Group bought a new position in Primerica in the 4th quarter valued at about $210,000. Jane Street Group LLC bought a new position in Primerica in the 3rd quarter valued at about $215,000. Finally, Zeke Capital Advisors LLC bought a new position in Primerica in the 4th quarter valued at about $218,000. 93.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on PRI. Wells Fargo & Co set a $102.00 price target on shares of Primerica and gave the stock a “hold” rating in a research report on Wednesday, February 7th. ValuEngine raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Primerica from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $95.00 price target on shares of Primerica in a research report on Friday, November 10th. Finally, SunTrust Banks raised 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Primerica currently has a consensus rating of “Hold” and an average 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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