Primerica Inc. (PRI) to Issue Quarterly Dividend of $0.18 on December 16th
Primerica Inc. (NYSE:PRI) declared a quarterly dividend on Monday, November 7th. Shareholders of record on Friday, November 18th will be given a dividend of 0.18 per share on Friday, December 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, November 16th.
Primerica (NYSE:PRI) opened at 72.50 on Tuesday. The firm’s 50-day moving average price is $56.04 and its 200-day moving average price is $55.19. The firm has a market cap of $3.32 billion, a P/E ratio of 16.70 and a beta of 1.02. Primerica has a 52-week low of $37.09 and a 52-week high of $73.05.
Primerica (NYSE:PRI) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. Primerica had a return on equity of 17.78% and a net margin of 14.22%. The firm had revenue of $383.60 million for the quarter, compared to analyst estimates of $378.67 million. During the same period last year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts expect that Primerica will post $4.49 EPS for the current year.
A number of equities analysts have recently issued reports on PRI shares. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Saturday. SunTrust Banks Inc. set a $83.00 price objective on Primerica and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Co. started coverage on Primerica in a research report on Thursday, September 22nd. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $73.33.
In other Primerica news, Director Joel M. Babbit sold 1,406 shares of Primerica stock in a transaction that occurred 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 completion of the sale, the director now directly owns 1,915 shares in the company, valued at $109,748.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William A. Kelly sold 1,500 shares of Primerica stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $56.28, for a total value of $84,420.00. Following the completion of the sale, the insider now owns 25,130 shares of the company’s stock, valued at $1,414,316.40. The disclosure for this sale can be found here. 1.24% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. BOKF NA increased its stake in shares of Primerica by 1.6% in the second quarter. BOKF NA now owns 9,827 shares of the company’s stock worth $563,000 after buying an additional 155 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Primerica by 7.0% in the second quarter. Hsbc Holdings PLC now owns 7,292 shares of the company’s stock worth $417,000 after buying an additional 480 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Primerica by 11.0% in the second quarter. Profund Advisors LLC now owns 8,381 shares of the company’s stock worth $480,000 after buying an additional 831 shares during the last quarter. Emerald Acquisition Ltd. increased its stake in shares of Primerica by 12.5% in the third quarter. Emerald Acquisition Ltd. now owns 11,336 shares of the company’s stock worth $601,000 after buying an additional 1,264 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Primerica by 6.9% in the second quarter. BlackRock Inc. now owns 20,276 shares of the company’s stock worth $1,161,000 after buying an additional 1,312 shares during the last quarter.
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.
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