Primerica (PRI) to Release Earnings on Monday

Primerica (NYSE:PRI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Primerica to post earnings of $4.11 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $4.25 EPS for the quarter, missing analysts’ consensus estimates of $4.27 by ($0.02). The business had revenue of $726.34 million during the quarter, compared to the consensus estimate of $723.64 million. Primerica had a return on equity of 27.83% and a net margin of 20.37%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.49 EPS. On average, analysts expect Primerica to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Primerica Trading Down 0.6 %

Primerica stock opened at $217.99 on Friday. The company has a fifty day simple moving average of $237.59 and a 200 day simple moving average of $223.10. Primerica has a 1-year low of $173.00 and a 1-year high of $256.56. The company has a market cap of $7.56 billion, a P/E ratio of 13.73 and a beta of 1.10.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 21st were given a $0.75 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase from Primerica’s previous quarterly dividend of $0.65. Primerica’s payout ratio is currently 18.89%.

Insider Transactions at Primerica

In other Primerica news, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $243.41, for a total value of $365,115.00. Following the transaction, the president now directly owns 13,259 shares of the company’s stock, valued at approximately $3,227,373.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total transaction of $58,455.54. Following the completion of the sale, the insider now owns 100 shares of the company’s stock, valued at $24,981. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the completion of the transaction, the president now owns 13,259 shares in the company, valued at $3,227,373.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,708 shares of company stock worth $1,648,677. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Truist Financial boosted their price objective on shares of Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Raymond James downgraded shares of Primerica from a “strong-buy” rating to a “market perform” rating in a research note on Monday, February 12th. Finally, Morgan Stanley boosted their price target on Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $245.50.

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.