Primerica President Glenn J. Williams Sells 3,000 Shares (PRI)
Primerica (NYSE:PRI) President Glenn J. Williams sold 3,000 shares of Primerica stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $48.22, for a total transaction of $144,660.00. Following the transaction, the president now directly owns 75,005 shares of the company’s stock, valued at approximately $3,616,741. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Primerica (NYSE:PRI) traded up 0.72% during mid-day trading on Tuesday, hitting $49.23. The stock had a trading volume of 156,813 shares. 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 $47.39 and its 200-day moving average is $45.99. The company has a market cap of $2.673 billion and a P/E ratio of 15.63.
Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts expect that Primerica will post $3.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, August 18th.
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, August 7th. 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.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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