Primerica Inc. (NYSE:PRI) insider William A. Kelly sold 1,500 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $55.25, for a total transaction of $82,875.00. Following the completion of the sale, the insider now directly owns 22,130 shares in the company, valued at approximately $1,222,682.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Primerica Inc. (NYSE:PRI) opened at 54.60 on Monday. The stock’s 50 day moving average is $55.12 and its 200-day moving average is $54.27. Primerica Inc. has a 52 week low of $37.09 and a 52 week high of $59.34. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 13.33 and a beta of 0.93.
Primerica (NYSE:PRI) last issued its earnings results on Monday, August 8th. The company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.13. Primerica had a net margin of 13.90% and a return on equity of 17.32%. The firm earned $379.24 million during the quarter, compared to analyst estimates of $370.76 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. Primerica’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Primerica Inc. will post $4.41 earnings per share for the current year.
A number of brokerages have issued reports on PRI. Wells Fargo & Co. began coverage on shares of Primerica in a report on Thursday, September 22nd. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods lowered shares of Primerica from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $58.00 to $60.00 in a report on Tuesday, July 12th. Finally, Zacks Investment Research raised shares of Primerica from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, July 12th.
A number of large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors L.L.C. acquired a new stake in Primerica during the first quarter worth about $356,000. BlackRock Inc. increased its stake in Primerica by 2.5% in the first quarter. BlackRock Inc. now owns 18,964 shares of the company’s stock worth $845,000 after buying an additional 463 shares during the last quarter. BlackRock Group LTD increased its stake in Primerica by 68.3% in the first quarter. BlackRock Group LTD now owns 48,512 shares of the company’s stock worth $2,161,000 after buying an additional 19,683 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Primerica by 7.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,498,133 shares of the company’s stock worth $66,712,000 after buying an additional 109,071 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Primerica by 85.4% in the first quarter. JPMorgan Chase & Co. now owns 590,793 shares of the company’s stock worth $26,308,000 after buying an additional 272,080 shares during the last quarter.