Primerica (PRI) Scheduled to Post Quarterly Earnings on Monday

Primerica (NYSE:PRIGet Rating) will release its earnings data after the market closes on Monday, August 8th. Analysts expect Primerica to post earnings of $3.04 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Primerica (NYSE:PRIGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.68). Primerica had a net margin of 12.92% and a return on equity of 22.07%. The company had revenue of $691.30 million during the quarter, compared to analyst estimates of $731.25 million. During the same quarter in the previous year, the business posted $2.44 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. On average, analysts expect Primerica to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Primerica Price Performance

PRI opened at $128.60 on Friday. The business has a fifty day moving average price of $121.79 and a 200 day moving average price of $130.16. Primerica has a 12 month low of $110.22 and a 12 month high of $179.51. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 14.34 and a beta of 1.29.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Morgan Stanley lowered their price objective on Primerica from $148.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 6th. Truist Financial lowered their price objective on Primerica from $163.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, July 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Primerica has a consensus rating of “Hold” and an average target price of $158.40.

Insider Transactions at Primerica

In related news, CEO Glenn J. Williams sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $119.32, for a total value of $477,280.00. Following the completion of the transaction, the chief executive officer now directly owns 62,215 shares of the company’s stock, valued at $7,423,493.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Primerica

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in shares of Primerica by 74.7% in the first quarter. Covestor Ltd now owns 255 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 109 shares during the period. PFS Investments Inc. purchased a new stake in shares of Primerica during the first quarter worth approximately $206,000. US Bancorp DE raised its stake in shares of Primerica by 1,844.1% during the first quarter. US Bancorp DE now owns 1,983 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 1,881 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Primerica during the first quarter worth approximately $301,000. Finally, Captrust Financial Advisors raised its position in Primerica by 19.4% in the first quarter. Captrust Financial Advisors now owns 2,431 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 395 shares in the last quarter. 90.90% of the stock is owned by institutional investors and hedge funds.

About Primerica

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Primerica, Inc, together with its subsidiaries, provides financial products 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. The Term Life Insurance segment underwrites individual term life insurance products.

See Also

Earnings History for Primerica (NYSE:PRI)

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