Primerica (NYSE:PRI) President Peter Schneider Sells 1,800 Shares

Primerica, Inc. (NYSE:PRI) President Peter Schneider sold 1,800 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the completion of the sale, the president directly owned 9,811 shares in the company, valued at approximately $2,743,548.04. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Primerica Trading Down 0.6%

Shares of Primerica stock traded down $1.77 during trading hours on Tuesday, reaching $278.88. The stock had a trading volume of 136,870 shares, compared to its average volume of 210,587. The stock’s 50 day moving average is $263.59 and its 200 day moving average is $260.74. The firm has a market capitalization of $8.70 billion, a PE ratio of 11.69 and a beta of 0.91. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $288.03.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.45 by $0.51. The business had revenue of $872.30 million during the quarter, compared to the consensus estimate of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.02 earnings per share. As a group, sell-side analysts predict that Primerica, Inc. will post 24.08 earnings per share for the current year.

Primerica Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, May 21st. Primerica’s dividend payout ratio is 20.13%.

Institutional Trading of Primerica

A number of hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in shares of Primerica in the 3rd quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its stake in shares of Primerica by 186.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock valued at $29,000 after buying an additional 69 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Primerica in the 4th quarter valued at approximately $30,000. SJS Investment Consulting Inc. grew its stake in shares of Primerica by 176.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock valued at $29,000 after buying an additional 74 shares during the period. Finally, Torren Management LLC purchased a new stake in shares of Primerica in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PRI shares. Weiss Ratings restated a “buy (b-)” rating on shares of Primerica in a research report on Wednesday, May 6th. Morgan Stanley reduced their price target on shares of Primerica from $292.00 to $285.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. TD Cowen reiterated a “buy” rating on shares of Primerica in a report on Wednesday, January 28th. Keefe, Bruyette & Woods increased their price objective on shares of Primerica from $290.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Primerica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $296.60.

About Primerica

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.