Primerica (PRI) Scheduled to Post Earnings on Wednesday

Primerica (NYSE:PRI) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Primerica to post earnings of $4.78 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Primerica (NYSE:PRI) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.47 by $0.24. The business had revenue of $803.38 million for the quarter, compared to analyst estimates of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $3.99 earnings per share. On average, analysts expect Primerica to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Primerica Stock Performance

Shares of NYSE:PRI opened at $274.89 on Tuesday. The firm has a market cap of $9.30 billion, a PE ratio of 22.01 and a beta of 1.08. The firm’s 50 day simple moving average is $267.44 and its 200-day simple moving average is $246.68. Primerica has a one year low of $184.76 and a one year high of $284.37.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.90 per share. The ex-dividend date was Wednesday, August 21st. This is a positive change from Primerica’s previous quarterly dividend of $0.75. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.31%. Primerica’s dividend payout ratio (DPR) is 28.82%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PRI shares. StockNews.com lowered shares of Primerica from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group lifted their price objective on shares of Primerica from $239.00 to $249.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Truist Financial lifted their price objective on shares of Primerica from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Piper Sandler initiated coverage on shares of Primerica in a report on Friday, August 30th. They set a “neutral” rating and a $283.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Primerica currently has a consensus rating of “Hold” and an average price target of $281.67.

Insider Transactions at Primerica

In other news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the sale, the chief executive officer now directly owns 45,322 shares in the company, valued at approximately $11,446,071.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, President Peter W. Schneider sold 1,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $261.11, for a total transaction of $391,665.00. Following the completion of the transaction, the president now directly owns 10,259 shares in the company, valued at $2,678,727.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the transaction, the chief executive officer now owns 45,322 shares of the company’s stock, valued at $11,446,071.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,500 shares of company stock worth $1,657,015. Company insiders own 0.85% of the company’s stock.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.