Primerica, Inc. (NYSE:PRI) VP Alison S. Rand sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $102.49, for a total value of $1,024,900.00. Following the completion of the sale, the vice president now owns 26,861 shares in the company, valued at approximately $2,752,983.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Primerica, Inc. (NYSE:PRI) traded down $0.35 during trading on Monday, hitting $102.20. The stock had a trading volume of 166,091 shares, compared to its average volume of 214,487. Primerica, Inc. has a one year low of $70.00 and a one year high of $108.05. The company has a market cap of $4,520.00, a PE ratio of 18.45, a P/E/G ratio of 1.42 and a beta of 1.14.
Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Primerica had a return on equity of 19.47% and a net margin of 20.74%. The company had revenue of $442.94 million for the quarter, compared to analysts’ expectations of $435.87 million. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. sell-side analysts expect that Primerica, Inc. will post 7.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Primerica’s previous quarterly dividend of $0.20. Primerica’s dividend payout ratio is currently 18.05%.
Several research firms have commented on PRI. ValuEngine upgraded Primerica from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co reiterated a “market perform” rating and set a $100.00 price objective (up previously from $95.00) on shares of Primerica in a research note on Tuesday, January 9th. Zacks Investment Research cut Primerica from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, SunTrust Banks upped their price objective on Primerica to $112.00 and gave the stock a “hold” rating in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $101.25.
Institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group increased its holdings in shares of Primerica by 481.7% during the 4th quarter. Schroder Investment Management Group now owns 161,100 shares of the financial services provider’s stock worth $16,360,000 after acquiring an additional 133,404 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Primerica by 162.5% during the 4th quarter. Deutsche Bank AG now owns 189,987 shares of the financial services provider’s stock worth $19,290,000 after acquiring an additional 117,616 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Primerica by 2.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,508,400 shares of the financial services provider’s stock worth $286,111,000 after acquiring an additional 81,603 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Primerica during the 4th quarter worth approximately $5,972,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Primerica during the 4th quarter worth approximately $5,726,000. Institutional investors own 91.46% of the company’s stock.
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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.
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