Primerica, Inc. (NYSE:PRI) declared a quarterly dividend on Monday, August 7th, RTT News reports. Investors of record on Friday, August 18th will be paid a dividend of 0.20 per share by the financial services provider on Friday, September 15th. This represents a $0.80 annualized dividend and a yield of 0.98%. This is a positive change from Primerica’s previous quarterly dividend of $0.19.

Primerica has increased its dividend payment by an average of 16.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Primerica has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Primerica to earn $5.91 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 12.9%.

Shares of Primerica (PRI) traded down 0.36% on Monday, reaching $81.90. 155,843 shares of the company traded hands. The company has a market capitalization of $3.73 billion, a P/E ratio of 17.12 and a beta of 1.14. The firm’s 50 day moving average is $77.33 and its 200 day moving average is $78.73. Primerica has a one year low of $50.96 and a one year high of $86.45.

Primerica (NYSE:PRI) last released its earnings results on Tuesday, May 9th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.04. Primerica had a net margin of 14.49% and a return on equity of 18.22%. The business had revenue of $405.20 million during the quarter, compared to the consensus estimate of $401.58 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Analysts expect that Primerica will post $5.23 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at

Several analysts have recently weighed in on PRI shares. Wells Fargo & Company cut Primerica from an “outperform” rating to a “market perform” rating in a report on Thursday, April 20th. Zacks Investment Research cut Primerica from a “buy” rating to a “hold” rating in a report on Friday, May 12th. William Blair cut Primerica from an “outperform” rating to a “market perform” rating in a report on Friday, April 21st. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “hold” rating and set a $83.00 price target on shares of Primerica in a report on Friday, June 23rd. Finally, BidaskClub upgraded Primerica from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Primerica currently has an average rating of “Hold” and an average price target of $78.20.

In other news, VP Alison S. Rand sold 2,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $71.55, for a total transaction of $143,100.00. Following the sale, the vice president now directly owns 37,385 shares in the company, valued at $2,674,896.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.24% of the company’s stock.

About Primerica

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.

Dividend History for Primerica (NYSE:PRI)

Receive News & Ratings for Primerica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica Inc. and related companies with's FREE daily email newsletter.