Primerica Inc. (NYSE:PRI) insider William A. Kelly sold 1,500 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $71.49, for a total value of $107,235.00. Following the completion of the transaction, the insider now directly owns 20,630 shares in the company, valued at approximately $1,474,838.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Primerica Inc. (NYSE:PRI) opened at 70.75 on Tuesday. The firm’s 50 day moving average price is $60.49 and its 200 day moving average price is $56.60. Primerica Inc. has a one year low of $37.09 and a one year high of $73.05. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 16.30 and a beta of 1.02.
Primerica (NYSE:PRI) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. The company had revenue of $383.60 million for the quarter, compared to analyst estimates of $378.67 million. Primerica had a net margin of 14.22% and a return on equity of 17.78%. Primerica’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. Equities analysts forecast that Primerica Inc. will post $4.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.01%. Primerica’s payout ratio is 16.59%.
Several equities analysts recently commented on PRI shares. Zacks Investment Research raised Primerica from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Saturday, November 12th. SunTrust Banks Inc. set a $83.00 target price on Primerica and gave the company a “buy” rating in a report on Friday, November 11th. Finally, Wells Fargo & Co. started coverage on Primerica in a report on Thursday, September 22nd. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $73.33.
Several institutional investors have recently bought and sold shares of PRI. LS Investment Advisors LLC raised its position in Primerica by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,014 shares of the company’s stock valued at $160,000 after buying an additional 161 shares during the last quarter. Creative Planning raised its position in Primerica by 289.8% in the third quarter. Creative Planning now owns 3,294 shares of the company’s stock valued at $175,000 after buying an additional 2,449 shares during the last quarter. Calvert Investment Management Inc. acquired a new position in Primerica during the second quarter valued at $200,000. Gotham Asset Management LLC acquired a new position in Primerica during the third quarter valued at $201,000. Finally, Bank of Montreal Can acquired a new position in Primerica during the second quarter valued at $207,000.