Primerica, Inc. (NYSE:PRI – Get Free Report) CEO Glenn Williams sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $320.20, for a total value of $480,300.00. Following the completion of the sale, the chief executive officer directly owned 32,196 shares of the company’s stock, valued at approximately $10,309,159.20. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Primerica Price Performance
PRI stock opened at $310.18 on Thursday. Primerica, Inc. has a one year low of $230.09 and a one year high of $327.28. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 12.46 and a beta of 0.87. The company has a fifty day moving average price of $298.56 and a two-hundred day moving average price of $275.87.
Primerica (NYSE:PRI – Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.38. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The company had revenue of $865.07 million for the quarter, compared to analyst estimates of $881.00 million. During the same quarter last year, the company earned $5.46 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate that Primerica, Inc. will post 24.85 EPS for the current fiscal year.
Primerica Announces Dividend
Hedge Funds Weigh In On Primerica
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commerce Bank acquired a new stake in Primerica in the second quarter valued at $218,000. Academy Capital Management bought a new position in shares of Primerica during the second quarter worth about $36,879,000. Quantbot Technologies LP bought a new position in shares of Primerica during the second quarter worth about $1,826,000. X Square Capital LLC acquired a new position in shares of Primerica in the second quarter worth approximately $209,000. Finally, Callan Family Office LLC acquired a new position in shares of Primerica in the second quarter worth approximately $8,815,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on PRI. Weiss Ratings cut shares of Primerica from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Morgan Stanley upped their price objective on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Jefferies Financial Group increased their price objective on shares of Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research note on Friday, July 10th. TD Cowen raised their target price on shares of Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Primerica from $323.00 to $335.00 and gave the stock a “market perform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $310.67.
View Our Latest Stock Report on Primerica
Primerica Company Profile
Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.
In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.
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