Primerica, Inc. (PRI) Announces Quarterly Dividend of $0.12
Primerica (NYSE:PRI) declared a quarterly dividend on Friday, August 8th, Stock Ratings News reports. Investors of record on Wednesday, August 20th will be given a dividend of 0.12 per share on Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%.
A number of research firms have recently commented on PRI. Analysts at Macquarie reiterated a “neutral” rating on shares of Primerica in a research note on Thursday. They now have a $45.00 price target on the stock, up previously from $43.00. Analysts at Raymond James reiterated an “outperform” rating on shares of Primerica in a research note on Thursday, June 19th. They now have a $55.00 price target on the stock, up previously from $50.00.
Shares of Primerica (NYSE:PRI) traded up 0.89% on Friday, hitting $47.78. 244,911 shares of the company’s stock traded hands. Primerica has a 52-week low of $36.42 and a 52-week high of $49.59. The stock’s 50-day moving average is $47.33 and its 200-day moving average is $45.75. The company has a market cap of $2.624 billion and a price-to-earnings ratio of 15.10.
Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.05. The company had revenue of $330.30 million for the quarter, compared to the consensus estimate of $331.02 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Primerica will post $3.34 EPS for the current fiscal year.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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