Primerica Hits New 12-Month High at $51.38 (PRI)
Primerica (NYSE:PRI) reached a new 52-week high during mid-day trading on Tuesday , Stock Ratings Network.com reports. The company traded as high as $51.38 and last traded at $50.98, with a volume of 103,089 shares. The stock had previously closed at $50.33.
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.
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 P/E 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 0.94%. The ex-dividend date of this dividend is Monday, August 18th.
In other Primerica news, EVP Michael C. Adams sold 2,500 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $50.87, for a total value of $127,175.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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