News headlines about Primerica (NYSE:PRI) have been trending somewhat positive this week, according to Alpha One. Alpha One, a unit of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Primerica earned a coverage optimism score of 0.20 on Alpha One’s scale. Alpha One also gave headlines about the financial services provider an impact score of 71 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected AlphaOne’s analysis:
- Do Options Traders Know Something About Primerica (PRI) Stock We Don’t? (nasdaq.com)
- Do Options Traders Know Something About Primerica (PRI) Stock We Don't? (finance.yahoo.com)
- 45,000 Distributors Expected To Attend Primerica’s 2017 Convention (businessforhome.org)
- Region Startup Advances in National Competition (insideindianabusiness.com)
- Primerica Set to Open 2017 International Convention in Indianapolis (finance.yahoo.com)
Shares of Primerica (PRI) traded up 0.47% during mid-day trading on Friday, reaching $75.30. 423,873 shares of the company’s stock traded hands. The stock has a market cap of $3.43 billion, a PE ratio of 15.74 and a beta of 1.17. Primerica has a 12 month low of $49.69 and a 12 month high of $86.45. The firm has a 50 day moving average price of $77.07 and a 200-day moving average price of $77.11.
Primerica (NYSE:PRI) last released its earnings results on Tuesday, May 9th. The financial services provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.15 by $0.04. Primerica had a net margin of 14.49% and a return on equity of 18.22%. The firm had revenue of $405.20 million during the quarter, compared to the consensus estimate of $401.58 million. During the same period in the prior year, the business earned $0.93 earnings per share. Primerica’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Primerica will post $5.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, May 17th. Primerica’s dividend payout ratio is currently 15.93%.
Several brokerages have weighed in on PRI. William Blair cut shares of Primerica from an “outperform” rating to a “market perform” rating in a research note on Friday, April 21st. They noted that the move was a valuation call. Wells Fargo & Company cut shares of Primerica from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 20th. Keefe, Bruyette & Woods set a $78.00 price objective on shares of Primerica and gave the stock a “hold” rating in a research note on Friday, March 17th. Finally, Zacks Investment Research cut shares of Primerica from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Primerica presently has an average rating of “Hold” and an average price target of $83.25.
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In related news, insider William A. Kelly sold 2,500 shares of Primerica stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $82.29, for a total transaction of $205,725.00. Following the sale, the insider now directly owns 20,486 shares of the company’s stock, valued at approximately $1,685,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alison S. Rand sold 2,000 shares of Primerica stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $71.55, for a total transaction of $143,100.00. Following the sale, the vice president now directly owns 37,385 shares in the company, valued at $2,674,896.75. The disclosure for this sale can be found here. 1.24% of the stock is owned by company insiders.
Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. 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.
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