Insider Selling: Michael C. Adams Sells 2,500 Shares of Primerica Stock (PRI)
Primerica (NYSE:PRI) EVP Michael C. Adams sold 2,500 shares of Primerica stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $50.87, for a total value of $127,175.00. Following the sale, the executive vice president now directly owns 52,220 shares in the company, valued at approximately $2,656,431. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Primerica (NYSE:PRI) traded up 1.45% on Tuesday, hitting $51.06. The stock had a trading volume of 241,825 shares. Primerica has a one year low of $36.42 and a one year high of $50.81. The stock’s 50-day moving average is $47.83 and its 200-day moving average is $46.50. The company has a market cap of $2.772 billion and a price-to-earnings ratio of 16.09.
Primerica (NYSE:PRI) last issued its quarterly earnings data 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. On average, analysts predict that Primerica will post $3.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Wednesday, August 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 0.95%. The ex-dividend date is Monday, August 18th.
Several analysts have recently commented on the stock. 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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