Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Primerica (PRI) Share Price
Media stories about Primerica (NYSE:PRI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Primerica earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.974119202254 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- GOOD NEWS FROM SCHOOLS: Primerica grant to fund Gwinnett schools mentoring program (gwinnettdailypost.com)
- San José State Celebrates New Tennis Complex (sjsuspartans.com)
- Primerica, Inc. (PRI) Expected to Announce Earnings of $1.44 Per Share (americanbankingnews.com)
- Primerica Earns Composite Rating Upgrade (finance.yahoo.com)
- Primerica, Inc. (PRI) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $95.00 price target on shares of Primerica in a report on Friday, November 10th. SunTrust Banks cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Primerica from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, October 11th. BidaskClub cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $90.50.
Primerica (NYSE:PRI) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. Primerica had a net margin of 14.55% and a return on equity of 18.94%. The firm had revenue of $427.30 million for the quarter, compared to analyst estimates of $425.83 million. During the same period last year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. equities analysts predict that Primerica will post 5.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 16th. Primerica’s dividend payout ratio (DPR) is 15.56%.
In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $92.40, for a total value of $462,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by company insiders.
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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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