Press coverage about Primerica (NYSE:PRI) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primerica earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.6298721324845 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Here’s Why You Should Buy Reinsurance Group (RGA) for Now (finance.yahoo.com)
- Critical Review: Primerica (PRI) and Emergent Capital (EMGC) (americanbankingnews.com)
- Emergent Capital (EMGC) and Primerica (PRI) Critical Comparison (americanbankingnews.com)
- Primerica, Inc. : PRI-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017 (finance.yahoo.com)
Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $95.00 price objective on shares of Primerica in a research report on Friday, November 10th. SunTrust Banks, Inc. lowered Primerica from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Wednesday, October 11th. BidaskClub lowered Primerica from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Primerica in a research report on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $90.50.
Shares of Primerica (NYSE:PRI) traded up $0.10 on Friday, hitting $98.95. The company had a trading volume of 92,903 shares, compared to its average volume of 304,984. Primerica has a 1-year low of $68.60 and a 1-year high of $100.65. The firm has a market cap of $4,373.92, a price-to-earnings ratio of 19.31, a PEG ratio of 1.84 and a beta of 1.18.
Primerica (NYSE:PRI) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.09. Primerica had a return on equity of 18.94% and a net margin of 14.55%. The business had revenue of $427.30 million during the quarter, compared to analyst estimates of $425.83 million. During the same period in the previous year, the firm earned $1.22 EPS. Primerica’s quarterly revenue was up 11.4% compared to the same quarter last year. analysts anticipate that Primerica will post 5.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 16th. Primerica’s dividend payout ratio (DPR) is currently 15.56%.
In other Primerica news, VP Alison S. Rand sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $76.50, for a total transaction of $153,000.00. Following the completion of the transaction, the vice president now owns 35,385 shares of the company’s stock, valued at approximately $2,706,952.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gregory C. Pitts sold 5,000 shares of the company’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 value of $462,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,301 shares of company stock valued at $715,073. Insiders own 0.86% 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.
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