Insider Selling: Michael Adams Sells 1,000 Shares of Primerica Stock (PRI)
Primerica (NYSE:PRI) EVP Michael Adams sold 1,000 shares of Primerica stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $42.85, for a total transaction of $42,850.00. Following the completion of the transaction, the executive vice president now directly owns 71,198 shares of the company’s stock, valued at approximately $3,050,834. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Primerica (NYSE:PRI) traded down 1.33% during mid-day trading on Thursday, hitting $42.3386. 179,147 shares of the company’s stock traded hands. Primerica has a 52 week low of $30.38 and a 52 week high of $44.22. The stock has a 50-day moving average of $42.78 and a 200-day moving average of $40.72. The company has a market cap of $2.321 billion and a P/E ratio of 15.18.
Primerica (NYSE:PRI) last released its earnings data on Thursday, November 7th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.02. The company had revenue of $319.46 million for the quarter, compared to the consensus estimate of $314.80 million. During the same quarter last year, the company posted $0.72 earnings per share. Primerica’s revenue was up 6.8% compared to the same quarter last year.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Primerica from $41.00 to $43.00 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating, Primerica currently has a consensus rating of “Hold” and a consensus price target of $41.17.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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