FY2016 EPS Estimates for Primerica Inc. (PRI) Lifted by William Blair
Primerica Inc. (NYSE:PRI) – Equities research analysts at William Blair upped their FY2016 earnings per share (EPS) estimates for Primerica in a research report issued to clients and investors on Thursday. William Blair analyst A. Klauber now forecasts that the brokerage will post earnings per share of $4.52 for the year, up from their previous estimate of $4.44. William Blair also issued estimates for Primerica’s Q2 2017 earnings at $1.37 EPS, Q3 2017 earnings at $1.37 EPS, Q4 2017 earnings at $1.41 EPS and FY2017 earnings at $5.30 EPS.
Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, November 9th. The company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. Primerica had a return on equity of 17.95% and a net margin of 14.22%. The company had revenue of $383.60 million for the quarter, compared to analyst estimates of $378.67 million. During the same quarter in the prior year, the firm posted $0.98 EPS. Primerica’s quarterly revenue was up 7.8% compared to the same quarter last year.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Saturday. SunTrust Banks Inc. set a $83.00 target price on Primerica and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Co. began coverage on Primerica in a research report on Thursday, September 22nd. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Primerica currently has an average rating of “Buy” and a consensus target price of $73.33.
Shares of Primerica (NYSE:PRI) opened at 68.80 on Friday. Primerica has a 1-year low of $37.09 and a 1-year high of $70.10. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 15.87 and a beta of 1.02. The firm has a 50-day moving average price of $55.57 and a 200-day moving average price of $54.97.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 18th will be given a $0.18 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.05%. Primerica’s dividend payout ratio (DPR) is 16.59%.
In other Primerica news, Director Joel M. Babbit sold 1,406 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $57.31, for a total value of $80,577.86. Following the transaction, the director now owns 1,915 shares of the company’s stock, valued at $109,748.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William A. Kelly sold 1,500 shares of the company’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $55.25, for a total value of $82,875.00. Following the completion of the transaction, the insider now directly owns 22,130 shares in the company, valued at approximately $1,222,682.50. The disclosure for this sale can be found here. 1.24% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its position in Primerica by 72.9% in the second quarter. LS Investment Advisors LLC now owns 2,853 shares of the company’s stock valued at $163,000 after buying an additional 1,203 shares in the last quarter. Huntington National Bank increased its stake in shares of Primerica by 4.2% in the second quarter. Huntington National Bank now owns 2,969 shares of the company’s stock valued at $170,000 after buying an additional 119 shares during the period. Creative Planning increased its stake in shares of Primerica by 289.8% in the third quarter. Creative Planning now owns 3,294 shares of the company’s stock valued at $175,000 after buying an additional 2,449 shares during the period. Calvert Investment Management Inc. purchased a new stake in shares of Primerica during the second quarter valued at about $200,000. Finally, Bank of Montreal Can purchased a new stake in shares of Primerica during the second quarter valued at about $207,000.
Primerica Company Profile
Primerica Inc (Primerica) distributes financial products to middle-income households. The Company operates through three segments. 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.