Primerica, Inc. to Post Q1 2019 Earnings of $1.68 Per Share, William Blair Forecasts (PRI)

Primerica, Inc. (NYSE:PRI) – Stock analysts at William Blair issued their Q1 2019 earnings estimates for Primerica in a research report issued to clients and investors on Thursday. William Blair analyst A. Klauber anticipates that the financial services provider will earn $1.68 per share for the quarter. William Blair also issued estimates for Primerica’s Q4 2019 earnings at $2.20 EPS.

Primerica (NYSE:PRI) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.17. The firm had revenue of $442.94 million during the quarter, compared to the consensus estimate of $435.87 million. Primerica had a net margin of 20.74% and a return on equity of 19.47%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 EPS.

PRI has been the subject of a number of other research reports. ValuEngine raised shares of Primerica from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Co reissued a “market perform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Primerica in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Primerica from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $87.00 price objective on shares of Primerica in a report on Monday, October 16th. Finally, SunTrust Banks boosted their price objective on shares of Primerica to $112.00 and gave the company a “hold” rating in a report on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $101.25.

Shares of Primerica (NYSE:PRI) opened at $96.30 on Monday. The stock has a market cap of $4,261.09, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Primerica has a twelve month low of $70.00 and a twelve month high of $108.05.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, February 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, February 14th. This is a boost from Primerica’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. Primerica’s payout ratio is presently 10.46%.

Primerica declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 7th that permits the company to repurchase $225.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Several large investors have recently modified their holdings of the company. Balyasny Asset Management LLC raised its position in shares of Primerica by 0.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 12,712 shares of the financial services provider’s stock valued at $963,000 after buying an additional 100 shares in the last quarter. Intrust Bank NA raised its position in shares of Primerica by 18.4% in the 4th quarter. Intrust Bank NA now owns 3,840 shares of the financial services provider’s stock valued at $390,000 after buying an additional 597 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Primerica by 17.1% in the 4th quarter. Suntrust Banks Inc. now owns 4,574 shares of the financial services provider’s stock valued at $463,000 after buying an additional 667 shares in the last quarter. BB&T Securities LLC raised its position in shares of Primerica by 6.4% in the 3rd quarter. BB&T Securities LLC now owns 11,812 shares of the financial services provider’s stock valued at $963,000 after buying an additional 709 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Primerica by 34.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802 shares of the financial services provider’s stock valued at $285,000 after buying an additional 721 shares in the last quarter. Institutional investors own 94.36% of the company’s stock.

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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.

Earnings History and Estimates for Primerica (NYSE:PRI)

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