Brokerages expect Primerica, Inc. (NYSE:PRI) to post sales of $478.53 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Primerica’s earnings. The lowest sales estimate is $477.32 million and the highest is $479.75 million. Primerica reported sales of $427.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The firm is scheduled to announce its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Primerica will report full-year sales of $1.90 billion for the current year. For the next year, analysts expect that the company will post sales of $2.08 billion, with estimates ranging from $2.06 billion to $2.09 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Primerica.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.12. Primerica had a return on equity of 21.07% and a net margin of 21.55%. The company had revenue of $467.82 million for the quarter, compared to analyst estimates of $466.82 million. During the same quarter last year, the company posted $1.36 EPS.

Several brokerages have recently issued reports on PRI. Citigroup lowered Primerica from a “neutral” rating to a “sell” rating and lifted their price target for the company from $100.00 to $108.00 in a research note on Tuesday, September 18th. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Saturday, August 11th. SunTrust Banks lifted their price target on Primerica to $118.00 and gave the company a “hold” rating in a research note on Monday, July 30th. ValuEngine upgraded Primerica from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $112.00 price objective on shares of Primerica in a research report on Thursday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $114.40.

Shares of PRI traded down $1.50 during midday trading on Friday, hitting $121.05. The company’s stock had a trading volume of 312,800 shares, compared to its average volume of 212,528. Primerica has a one year low of $80.05 and a one year high of $128.35. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 21.92 and a beta of 1.15.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Tuesday, August 21st were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. Primerica’s dividend payout ratio is currently 18.12%.

In related news, Director P George Benson sold 311 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $123.35, for a total transaction of $38,361.85. Following the sale, the director now owns 16,237 shares in the company, valued at approximately $2,002,833.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory C. Pitts sold 3,000 shares of the business’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $105.04, for a total value of $315,120.00. Following the sale, the vice president now owns 15,058 shares in the company, valued at approximately $1,581,692.32. The disclosure for this sale can be found here. Insiders have sold a total of 19,356 shares of company stock worth $2,289,459 in the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Royal London Asset Management Ltd. acquired a new position in Primerica during the 2nd quarter worth about $1,080,000. Northern Trust Corp lifted its holdings in Primerica by 0.7% during the 2nd quarter. Northern Trust Corp now owns 695,893 shares of the financial services provider’s stock worth $69,310,000 after buying an additional 4,524 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Primerica by 107.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,502 shares of the financial services provider’s stock worth $847,000 after buying an additional 4,398 shares during the period. New England Asset Management Inc. acquired a new position in Primerica during the 2nd quarter worth about $377,000. Finally, Prana Capital Management LP acquired a new position in Primerica during the 2nd quarter worth about $12,256,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

About Primerica

Primerica, Inc, together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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Earnings History and Estimates for Primerica (NYSE:PRI)

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