Primerica, Inc. (NYSE:PRI) President Sells $341,160.00 in Stock

Primerica, Inc. (NYSE:PRI) President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $227.44, for a total value of $341,160.00. Following the completion of the sale, the president now directly owns 11,759 shares in the company, valued at $2,674,466.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Primerica Trading Up 0.9 %

Shares of NYSE:PRI traded up $2.00 on Friday, reaching $227.58. 100,002 shares of the company’s stock were exchanged, compared to its average volume of 162,778. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 13.73 and a beta of 1.10. The company has a fifty day moving average of $231.23 and a 200-day moving average of $225.48. Primerica, Inc. has a twelve month low of $180.65 and a twelve month high of $256.56.

Primerica (NYSE:PRI) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $3.91 earnings per share for the quarter, missing analysts’ consensus estimates of $4.12 by ($0.21). Primerica had a net margin of 20.44% and a return on equity of 27.35%. The business had revenue of $742.83 million during the quarter, compared to the consensus estimate of $740.57 million. During the same period last year, the business posted $3.49 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts forecast that Primerica, Inc. will post 17.55 EPS for the current fiscal year.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $3.00 annualized dividend and a yield of 1.32%. Primerica’s payout ratio is 18.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PRI. ORG Partners LLC purchased a new stake in Primerica during the 4th quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. raised its stake in Primerica by 493.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the financial services provider’s stock valued at $45,000 after buying an additional 148 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Primerica by 121.9% during the fourth quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock worth $48,000 after buying an additional 128 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Primerica in the 4th quarter valued at approximately $133,000. Finally, O Dell Group LLC acquired a new stake in shares of Primerica during the 4th quarter valued at approximately $153,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PRI. Raymond James downgraded Primerica from a “strong-buy” rating to a “market perform” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods raised their price objective on Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. StockNews.com cut Primerica from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Morgan Stanley boosted their price objective on Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Truist Financial boosted their price target on Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $245.50.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.