Primerica, Inc. (NYSE:PRI) – Analysts at SunTrust Banks upped their Q1 2018 earnings estimates for shares of Primerica in a research note issued on Thursday. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings of $1.28 per share for the quarter, up from their previous forecast of $1.26. SunTrust Banks currently has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Primerica’s Q2 2018 earnings at $1.46 EPS.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. Primerica had a return on equity of 18.48% and a net margin of 14.41%. The firm had revenue of $413.70 million during the quarter, compared to analyst estimates of $410.97 million. During the same period last year, the company posted $1.23 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year.

WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/q1-2018-eps-estimates-for-primerica-inc-lifted-by-suntrust-banks-pri.html.

Other equities research analysts also recently issued reports about the company. BidaskClub upgraded Primerica from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Wells Fargo & Company restated a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $87.00 price target on shares of Primerica in a report on Monday, October 16th. Finally, Zacks Investment Research downgraded Primerica from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $88.50.

Shares of Primerica (NYSE:PRI) opened at 85.95 on Monday. Primerica has a 12 month low of $52.75 and a 12 month high of $89.60. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 17.51 and a beta of 1.17. The firm’s 50-day moving average price is $80.60 and its 200-day moving average price is $79.05.

Several hedge funds have recently bought and sold shares of the company. APG Asset Management N.V. acquired a new position in shares of Primerica during the third quarter worth about $2,585,000. Oakbrook Investments LLC acquired a new position in shares of Primerica during the third quarter worth about $245,000. Shell Asset Management Co. boosted its position in shares of Primerica by 188.5% during the third quarter. Shell Asset Management Co. now owns 55,222 shares of the financial services provider’s stock worth $2,663,000 after buying an additional 36,080 shares during the period. Phocas Financial Corp. boosted its position in shares of Primerica by 4.7% during the second quarter. Phocas Financial Corp. now owns 92,696 shares of the financial services provider’s stock worth $7,022,000 after buying an additional 4,138 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Primerica during the second quarter worth about $125,000. 94.82% of the stock is owned by institutional investors.

In other news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $80.68, for a total transaction of $242,040.00. Following the completion of the transaction, the chief executive officer now directly owns 77,895 shares of the company’s stock, valued at $6,284,568.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Alison S. Rand sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $76.50, for a total value of $153,000.00. Following the transaction, the vice president now directly owns 35,385 shares of the company’s stock, valued at $2,706,952.50. The disclosure for this sale can be found here. Insiders sold 6,301 shares of company stock valued at $495,113 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Primerica Company Profile

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.

Earnings History and Estimates 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 MarketBeat.com's FREE daily email newsletter.