Primerica, Inc. (NYSE:PRI) President Peter W. Schneider Sells 1,500 Shares of Stock

Primerica, Inc. (NYSE:PRI) President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $227.44, for a total value of $341,160.00. Following the transaction, the president now owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Primerica Price Performance

Shares of Primerica stock traded up $1.97 during trading on Friday, hitting $227.55. The stock had a trading volume of 100,003 shares, compared to its average volume of 181,921. The stock has a market cap of $7.83 billion, a PE ratio of 13.85 and a beta of 1.10. Primerica, Inc. has a 12 month low of $180.65 and a 12 month high of $256.56. The firm’s fifty day simple moving average is $230.85 and its 200-day simple moving average is $225.66.

Primerica (NYSE:PRI) last announced its earnings results on Monday, May 6th. The financial services provider reported $3.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.12 by ($0.21). Primerica had a net margin of 20.44% and a return on equity of 27.35%. The business had revenue of $742.83 million for the quarter, compared to analysts’ expectations of $740.57 million. During the same quarter last year, the firm earned $3.49 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Primerica, Inc. will post 17.55 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.75 per share. The ex-dividend date is Monday, May 20th. This represents a $3.00 annualized dividend and a dividend yield of 1.32%. Primerica’s dividend payout ratio (DPR) is 18.26%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PRI. StockNews.com lowered shares of Primerica from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Morgan Stanley lifted their price objective on shares of Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods upped their target price on shares of Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Truist Financial increased their price target on shares of Primerica from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Raymond James cut Primerica from a “strong-buy” rating to a “market perform” rating in a research note on Monday, February 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Primerica has a consensus rating of “Hold” and an average price target of $245.50.

Institutional Trading of Primerica

A number of large investors have recently made changes to their positions in the stock. Intech Investment Management LLC increased its holdings in Primerica by 1.4% during the 4th quarter. Intech Investment Management LLC now owns 3,924 shares of the financial services provider’s stock worth $807,000 after purchasing an additional 55 shares during the period. PFW Advisors LLC raised its holdings in shares of Primerica by 3.8% in the fourth quarter. PFW Advisors LLC now owns 1,521 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 56 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Primerica by 1.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,744 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 59 shares during the period. Arizona State Retirement System lifted its stake in Primerica by 0.6% in the third quarter. Arizona State Retirement System now owns 10,314 shares of the financial services provider’s stock worth $2,001,000 after acquiring an additional 60 shares during the period. Finally, Everhart Financial Group Inc. grew its holdings in Primerica by 4.5% during the 4th quarter. Everhart Financial Group Inc. now owns 1,614 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 69 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

About Primerica

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.