Insider Selling: Primerica CFO Unloads 2,500 Shares of Stock (PRI)
Primerica (NYSE:PRI) CFO Alison S. Rand sold 2,500 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $50.24, for a total value of $125,600.00. Following the completion of the transaction, the chief financial officer now directly owns 40,845 shares of the company’s stock, valued at approximately $2,052,053. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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.
Shares of Primerica (NYSE:PRI) traded down 0.96% during mid-day trading on Wednesday, hitting $50.57. The stock had a trading volume of 161,158 shares. Primerica has a one year low of $36.82 and a one year high of $51.44. The stock has a 50-day moving average of $47.94 and a 200-day moving average of $46.60. The company has a market cap of $2.746 billion and a price-to-earnings ratio of 16.32.
Primerica (NYSE:PRI) last released its 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. Analysts expect that Primerica will post $3.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders 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 of this dividend 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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