Primerica (NYSE:PRI) President Peter Schneider Sells 1,800 Shares

Primerica, Inc. (NYSE:PRI) President Peter Schneider sold 1,800 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the transaction, the president owned 9,811 shares in the company, valued at approximately $2,743,548.04. This represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Primerica Stock Performance

NYSE PRI opened at $278.88 on Wednesday. The firm’s 50 day moving average price is $264.01 and its 200-day moving average price is $260.86. Primerica, Inc. has a 52-week low of $230.09 and a 52-week high of $288.03. The company has a market cap of $8.70 billion, a PE ratio of 11.69 and a beta of 0.91.

Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The firm had revenue of $872.30 million for the quarter, compared to the consensus estimate of $855.36 million. During the same period last year, the firm earned $5.02 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Primerica, Inc. will post 24.08 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Primerica’s dividend payout ratio (DPR) is currently 20.13%.

Wall Street Analyst Weigh In

PRI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Primerica in a research note on Wednesday, May 6th. Morgan Stanley dropped their price objective on shares of Primerica from $292.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Zacks Research cut shares of Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods increased their target price on shares of Primerica from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Finally, TD Cowen reissued a “buy” rating on shares of Primerica in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Primerica currently has an average rating of “Hold” and an average target price of $296.60.

Institutional Investors Weigh In On Primerica

A number of hedge funds and other institutional investors have recently bought and sold shares of PRI. Root Financial Partners LLC purchased a new stake in Primerica during the third quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its position in Primerica by 186.5% during the third quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 69 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Primerica by 176.2% during the first quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 74 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Primerica during the fourth quarter valued at approximately $30,000. Finally, Steph & Co. lifted its position in Primerica by 38.0% during the first quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

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.