Peter W. Schneider Sells 3,500 Shares of Primerica, Inc. (NYSE:PRI) Stock

Primerica, Inc. (NYSE:PRI – Get Rating) President Peter W. Schneider sold 3,500 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $184.99, for a total value of $647,465.00. Following the completion of the transaction, the president now directly owns 15,024 shares of the company’s stock, valued at $2,779,289.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Primerica Stock Down 0.3 %

PRI traded down $0.48 during trading on Friday, hitting $184.53. 90,460 shares of the stock were exchanged, compared to its average volume of 155,047. The firm has a market capitalization of $6.69 billion, a P/E ratio of 16.71 and a beta of 1.18. Primerica, Inc. has a 1-year low of $110.22 and a 1-year high of $195.69. The stock has a fifty day moving average price of $175.73 and a two-hundred day moving average price of $161.60.

Primerica (NYSE:PRI – Get Rating) last released its quarterly earnings results on Monday, May 8th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.45 by $0.04. The company had revenue of $690.04 million for the quarter, compared to analyst estimates of $697.61 million. Primerica had a return on equity of 27.48% and a net margin of 15.33%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Analysts predict that Primerica, Inc. will post 15.24 EPS for the current year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 22nd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $2.60 annualized dividend and a dividend yield of 1.41%. Primerica’s dividend payout ratio (DPR) is currently 23.47%.

Analysts Set New Price Targets

PRI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Primerica from $167.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 1st. Raymond James started coverage on Primerica in a research note on Wednesday, April 12th. They issued a “strong-buy” rating and a $244.00 price objective for the company. Morgan Stanley raised their target price on Primerica from $150.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Friday, February 24th. StockNews.com raised Primerica from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Finally, Truist Financial raised their target price on Primerica from $210.00 to $220.00 in a research report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Primerica currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Toroso Investments LLC purchased a new stake in shares of Primerica in the first quarter valued at approximately $338,000. Ameriprise Financial Inc. boosted its position in Primerica by 2.3% during the first quarter. Ameriprise Financial Inc. now owns 64,119 shares of the financial services provider’s stock worth $11,045,000 after purchasing an additional 1,413 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in Primerica during the first quarter worth $928,000. JPMorgan Chase & Co. boosted its position in Primerica by 30.8% during the first quarter. JPMorgan Chase & Co. now owns 91,686 shares of the financial services provider’s stock worth $15,791,000 after purchasing an additional 21,601 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Primerica during the first quarter worth $688,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Primerica Company Profile

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Primerica, Inc engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, Senior Health, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies.