Primerica (PRI) to Release Quarterly Earnings on Wednesday

Primerica (NYSE:PRI - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $4.78 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.71 EPS for the quarter, beating the consensus estimate of $4.47 by $0.24. The company had revenue of $803.38 million during the quarter, compared to analysts' expectations of $748.88 million. Primerica had a return on equity of 27.81% and a net margin of 14.85%. The firm's revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.99 EPS. On average, analysts expect Primerica to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Primerica Stock Up 0.7 %

Shares of PRI stock traded up $1.83 during trading hours on Wednesday, hitting $279.14. 136,203 shares of the company were exchanged, compared to its average volume of 155,104. The firm has a fifty day moving average of $266.14 and a 200 day moving average of $244.87. Primerica has a 1 year low of $184.76 and a 1 year high of $284.37. The firm has a market cap of $9.44 billion, a PE ratio of 22.34 and a beta of 1.09.

Primerica Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were given a dividend of $0.90 per share. This is a positive change from Primerica's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.60 annualized dividend and a yield of 1.29%. Primerica's dividend payout ratio is 28.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PRI. Truist Financial upped their price objective on Primerica from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Piper Sandler initiated coverage on Primerica in a report on Friday, August 30th. They issued a "neutral" rating and a $283.00 price objective on the stock. Jefferies Financial Group boosted their target price on Primerica from $239.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. StockNews.com upgraded shares of Primerica from a "hold" rating to a "buy" rating in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Primerica from $255.00 to $275.00 and gave the company a "market perform" rating in a research report on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $281.67.

Insider Buying and Selling

In other news, Director John A. Jr. Addison sold 2,000 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total value of $507,700.00. Following the completion of the transaction, the director now directly owns 15,151 shares in the company, valued at approximately $3,846,081.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $252.55, for a total transaction of $757,650.00. Following the sale, the chief executive officer now directly owns 45,322 shares in the company, valued at $11,446,071.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Jr. Addison sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total value of $507,700.00. Following the transaction, the director now owns 15,151 shares of the company's stock, valued at approximately $3,846,081.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,500 shares of company stock valued at $1,657,015. Corporate insiders own 0.61% of the company's stock.

Primerica Company Profile

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.