Primerica CEO Donald R. Williams Unloads 30,000 Shares (PRI)
Primerica (NYSE:PRI) CEO Donald R. Williams sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $43.73, for a total transaction of $1,311,900.00. Following the transaction, the chief executive officer now directly owns 307,366 shares of the company’s stock, valued at approximately $13,441,115. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Primerica (NYSE:PRI) traded up 0.52% on Friday, hitting $44.07. The stock had a trading volume of 95,525 shares. Primerica has a one year low of $30.81 and a one year high of $45.61. The stock’s 50-day moving average is $42.92 and its 200-day moving average is $41.62. The company has a market cap of $2.416 billion and a price-to-earnings ratio of 15.51.
Primerica (NYSE:PRI) last announced its earnings results on Monday, February 10th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.08. The company had revenue of $327.20 million for the quarter, compared to the consensus estimate of $325.90 million. During the same quarter last year, the company posted $0.67 earnings per share. Primerica’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Primerica will post $3.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Primerica’s previous quarterly dividend of $0.11.
A number of analysts have recently weighed in on PRI shares. Analysts at Keefe, Bruyette & Woods upgraded shares of Primerica from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 11th. They now have a $51.00 price target on the stock, up previously from $47.00. Separately, analysts at Zacks upgraded shares of Primerica from a “neutral” rating to an “outperform” rating in a research note on Monday, January 20th. They now have a $48.30 price target on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Primerica from $44.00 to $46.00 in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Primerica presently has an average rating of “Buy” and a consensus price target of $46.38.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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