Primerica (PRI) Receives Daily Coverage Optimism Rating of 0.12
News stories about Primerica (NYSE:PRI) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Primerica earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 44.141183133756 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
PRI has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $83.00 price objective on shares of Primerica in a report on Friday, June 23rd. BidaskClub upgraded Primerica from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Wells Fargo & Company restated a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered Primerica from a “hold” rating to a “sell” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.75.
Primerica (NYSE:PRI) opened at 73.20 on Friday. The firm has a 50-day moving average price of $78.52 and a 200-day moving average price of $78.94. Primerica has a one year low of $52.50 and a one year high of $86.45. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 14.91 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The company had revenue of $413.70 million for the quarter, compared to the consensus estimate of $410.97 million. Primerica had a return on equity of 18.48% and a net margin of 14.41%. Primerica’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 earnings per share. On average, equities analysts predict that Primerica will post $5.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.09%. This is an increase from Primerica’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 16th. Primerica’s payout ratio is presently 16.33%.
In other Primerica news, President Peter W. Schneider sold 1,301 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $76.92, for a total transaction of $100,072.92. Following the sale, the president now directly owns 28,138 shares in the company, valued at $2,164,374.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $80.68, for a total value of $242,040.00. Following the sale, the chief executive officer now owns 77,895 shares in the company, valued at $6,284,568.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,301 shares of company stock worth $495,113. 0.86% of the stock is owned by company insiders.
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.
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.