Primerica, Inc. (NYSE:PRI) CFO Sells $239,280.00 in Stock

Primerica, Inc. (NYSE:PRI) CFO Alison S. Rand sold 2,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.64, for a total transaction of $239,280.00. Following the transaction, the chief financial officer now owns 17,337 shares of the company’s stock, valued at approximately $2,074,198.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of PRI stock opened at $118.55 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $117.97 and a 200 day moving average price of $122.04. The company has a market cap of $5.00 billion, a P/E ratio of 15.13 and a beta of 1.38. Primerica, Inc. has a 12 month low of $90.28 and a 12 month high of $132.17.

Primerica (NYSE:PRI) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.07. The firm had revenue of $504.90 million during the quarter, compared to the consensus estimate of $503.84 million. Primerica had a net margin of 17.66% and a return on equity of 22.77%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 earnings per share. On average, equities analysts forecast that Primerica, Inc. will post 8.2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.15%. Primerica’s payout ratio is currently 18.55%.

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in Primerica by 176.8% in the first quarter. Advisory Services Network LLC now owns 263 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 168 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in Primerica by 50.0% in the second quarter. TCI Wealth Advisors Inc. now owns 300 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Primerica by 1,389.7% in the first quarter. Quadrant Capital Group LLC now owns 432 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 403 shares in the last quarter. Doyle Wealth Management acquired a new position in Primerica in the second quarter valued at $54,000. Finally, Kavar Capital Partners LLC acquired a new position in Primerica in the second quarter valued at $55,000. Hedge funds and other institutional investors own 90.15% of the company’s stock.

A number of brokerages recently commented on PRI. Citigroup set a $108.00 target price on shares of Primerica and gave the stock a “sell” rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded shares of Primerica from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Tuesday, August 13th.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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Insider Buying and Selling by Quarter for Primerica (NYSE:PRI)

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