Primerica Inc. (NYSE:PRI) insider William A. Kelly sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $52.93, for a total value of $79,395.00. Following the completion of the sale, the insider now owns 26,630 shares in the company, valued at $1,409,525.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Several equities analysts have recently issued reports on PRI shares. Zacks Investment Research cut Primerica from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. Keefe, Bruyette & Woods cut Primerica from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $58.00 to $60.00 in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Primerica presently has an average rating of “Buy” and a consensus price target of $58.33.
A hedge fund recently raised its stake in Primerica stock. First Trust Advisors LP increased its position in shares of Primerica Inc. (NYSE:PRI) by 275.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,394 shares of the company’s stock after buying an additional 57,512 shares during the period. First Trust Advisors LP owned about 0.16% of Primerica worth $3,703,000 as of its most recent SEC filing.
Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $363 million for the quarter, compared to analyst estimates of $360.50 million. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. Equities analysts predict that Primerica Inc. will post $4.22 EPS for the current fiscal year.
Primerica Inc (Primerica) distributes financial products to middle-income households. The Company operates through three segments. 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.
