Primerica CEO Donald R. Williams Sells 30,000 Shares (PRI)
Primerica (NYSE:PRI) CEO Donald R. Williams unloaded 30,000 shares of the stock on the open market in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $44.10, for a total transaction of $1,323,000.00. Following the completion of the sale, the chief executive officer now directly owns 247,230 shares of the company’s stock, valued at approximately $10,902,843. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PRI. Analysts at Raymond James downgraded shares of Primerica from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $50.00 price target on the stock, down previously from $52.00. Separately, analysts at Zacks downgraded shares of Primerica from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $52.30 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $48.06.
Shares of Primerica (NYSE:PRI) traded down 0.79% on Thursday, hitting $43.315. The stock had a trading volume of 218,685 shares. Primerica has a 1-year low of $33.60 and a 1-year high of $49.59. The stock’s 50-day moving average is $45.75 and its 200-day moving average is $44.17. The company has a market cap of $2.357 billion and a P/E ratio of 14.61.
Primerica (NYSE:PRI) last announced its earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.05. The company had revenue of $324.30 million for the quarter, compared to the consensus estimate of $332.02 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Primerica will post $3.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, May 16th.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.