Q1 2018 EPS Estimates for Primerica, Inc. (PRI) Decreased by William Blair
Primerica, Inc. (NYSE:PRI) – William Blair lowered their Q1 2018 earnings per share (EPS) estimates for Primerica in a research note issued on Wednesday. William Blair analyst A. Klauber now anticipates that the financial services provider will earn $1.31 per share for the quarter, down from their prior forecast of $1.34. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Primerica’s Q3 2018 earnings at $1.63 EPS.
Several other research firms also recently commented on PRI. Zacks Investment Research downgraded Primerica from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $81.00 price objective on shares of Primerica in a report on Friday, May 12th. Wells Fargo & Company downgraded Primerica from an “outperform” rating to a “market perform” rating in a report on Thursday, April 20th. Finally, BidaskClub raised Primerica from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Primerica has a consensus rating of “Hold” and a consensus price target of $83.75.
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Shares of Primerica (PRI) opened at 80.60 on Friday. The firm has a 50-day moving average of $78.71 and a 200-day moving average of $79.09. Primerica has a 1-year low of $52.50 and a 1-year high of $86.45. The firm has a market capitalization of $3.62 billion, a PE ratio of 16.42 and a beta of 1.14.
Primerica (NYSE:PRI) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The firm had revenue of $413.70 million during the quarter, compared to analysts’ expectations of $410.97 million. Primerica had a net margin of 14.41% and a return on equity of 18.48%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share.
A number of large investors have recently made changes to their positions in PRI. James Investment Research Inc. acquired a new stake in shares of Primerica during the first quarter valued at about $152,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Primerica by 13.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the financial services provider’s stock valued at $158,000 after buying an additional 242 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Primerica by 68.7% in the second quarter. Riverhead Capital Management LLC now owns 2,530 shares of the financial services provider’s stock valued at $192,000 after buying an additional 1,030 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new stake in shares of Primerica during the second quarter valued at about $211,000. Finally, World Asset Management Inc acquired a new stake in shares of Primerica during the first quarter valued at about $233,000. 97.09% of the stock is owned by institutional investors and hedge funds.
In other Primerica news, VP Alison S. Rand sold 2,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $71.55, for a total transaction of $143,100.00. Following the completion of the sale, the vice president now owns 37,385 shares of the company’s stock, valued at approximately $2,674,896.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.24% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.20 per share. This is an increase from Primerica’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.80 annualized dividend and a yield of 0.99%. Primerica’s dividend payout ratio (DPR) is currently 15.51%.
Primerica Company Profile
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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