Primerica, Inc. (NYSE:PRI) VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total transaction of $462,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Primerica, Inc. (NYSE PRI) opened at $99.60 on Friday. The company has a market cap of $4,359.54, a P/E ratio of 19.24, a P/E/G ratio of 1.84 and a beta of 1.18. Primerica, Inc. has a 12-month low of $67.40 and a 12-month high of $100.65.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.09. The business had revenue of $427.30 million during the quarter, compared to the consensus estimate of $425.83 million. Primerica had a net margin of 14.55% and a return on equity of 18.94%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. sell-side analysts forecast that Primerica, Inc. will post 5.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.80 annualized dividend and a dividend yield of 0.80%. Primerica’s dividend payout ratio (DPR) is presently 15.56%.

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A number of analysts recently weighed in on PRI shares. BidaskClub cut shares of Primerica from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Primerica from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $95.00 target price on shares of Primerica in a report on Friday. SunTrust Banks, Inc. 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. Finally, Wells Fargo & Company restated a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $90.50.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Primerica by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,085,927 shares of the financial services provider’s stock valued at $385,260,000 after acquiring an additional 13,941 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Primerica by 2.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,508,400 shares of the financial services provider’s stock valued at $286,111,000 after acquiring an additional 81,603 shares in the last quarter. State Street Corp lifted its position in shares of Primerica by 1.3% in the 2nd quarter. State Street Corp now owns 1,780,565 shares of the financial services provider’s stock valued at $134,879,000 after acquiring an additional 22,430 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Primerica by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,105,499 shares of the financial services provider’s stock valued at $83,741,000 after acquiring an additional 9,363 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Primerica by 8.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 927,674 shares of the financial services provider’s stock valued at $70,272,000 after acquiring an additional 69,063 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Primerica (NYSE:PRI)

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