News articles about Primerica (NYSE:PRI) have trended positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern 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 0.35 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 70 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Investor Focus on Shares of Primerica, Inc. (NYSE:PRI) – Jonesboro Recorder (jonesbororecorder.com)
- ETFs with exposure to Primerica, Inc. : June 19, 2017 (finance.yahoo.com)
- Purdue, Rolls-Royce Announce $24M Aerospace R&D Partnership (insideindianabusiness.com)
- Can Primerica, Inc. (NYSE:PRI) or Bank of Hawaii Corporation (NYSE:BOH) Climb The Ladder? – FLBC News (flbcnews.com)
- Primerica Life Insurance Company — Moody’s affirms Primerica, Inc. (Baa2 senior debt); outlook to positive (finance.yahoo.com)
PRI has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $81.00 target price on shares of Primerica in a research note on Monday, April 10th. Zacks Investment Research cut shares of Primerica from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. 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. Finally, Wells Fargo & Company cut shares of Primerica from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 20th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Primerica presently has an average rating of “Hold” and an average price target of $83.25.
Shares of Primerica (NYSE:PRI) traded up 0.40% during trading on Friday, hitting $74.70. 434,389 shares of the stock traded hands. The firm has a market cap of $3.40 billion, a P/E ratio of 15.61 and a beta of 1.17. Primerica has a 52 week low of $49.69 and a 52 week high of $86.45. The company has a 50-day moving average of $76.58 and a 200-day moving average of $77.27.
Primerica (NYSE:PRI) last issued its earnings results on Tuesday, May 9th. The financial services provider reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by $0.04. Primerica had a return on equity of 18.22% and a net margin of 14.49%. The firm had revenue of $405.20 million for the quarter, compared to analyst estimates of $401.58 million. During the same period in the previous year, the company earned $0.93 earnings per share. Primerica’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts forecast that Primerica will post $5.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 19th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Wednesday, May 17th. Primerica’s payout ratio is 15.93%.
In other news, VP Alison S. Rand sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $71.55, for a total transaction of $143,100.00. Following the transaction, the vice president now directly owns 37,385 shares of the company’s stock, valued at $2,674,896.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William A. Kelly sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $82.29, for a total value of $205,725.00. Following the transaction, the insider now directly owns 20,486 shares in the company, valued at $1,685,792.94. The disclosure for this sale can be found here. 1.24% of the stock is owned by corporate 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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