Insider Selling: Primerica President Unloads 3,000 Shares of Stock (PRI)
Primerica (NYSE:PRI) President Glenn J. Williams sold 3,000 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $48.22, for a total transaction of $144,660.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on PRI shares. 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.
Shares of Primerica (NYSE:PRI) traded up 1.35% on Thursday, hitting $49.49. 60,881 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 $47.43 and its 200-day moving average is $46.0. The company has a market cap of $2.687 billion and a price-to-earnings ratio of 15.61.
Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.74 earnings per share. Primerica’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Primerica will post $3.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders 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.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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