Primerica (PRI) Set to Announce Earnings on Wednesday

Primerica (NYSE:PRI - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $4.78 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

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

Primerica Trading Up 0.8 %

Shares of Primerica stock traded up $2.27 during trading on Wednesday, hitting $279.58. 18,762 shares of the stock were exchanged, compared to its average volume of 154,545. Primerica has a 1-year low of $184.76 and a 1-year high of $284.37. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 22.21 and a beta of 1.09. The company has a fifty day moving average price of $266.14 and a 200-day moving average price of $244.87.

Primerica Increases Dividend

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

Insider Activity

In other Primerica news, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the completion of the transaction, the president now directly owns 10,259 shares in the company, valued at approximately $2,678,727.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the transaction, the chief executive officer now owns 45,322 shares in the company, valued at approximately $11,446,071.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Peter W. Schneider sold 1,500 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $261.11, for a total transaction of $391,665.00. Following the completion of the sale, the president now directly owns 10,259 shares in the company, valued at approximately $2,678,727.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,500 shares of company stock worth $1,657,015. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

PRI has been the topic of several research reports. TD Cowen initiated coverage on shares of Primerica in a report on Wednesday, October 9th. They issued a "buy" rating and a $314.00 price objective on the stock. StockNews.com upgraded Primerica from a "hold" rating to a "buy" rating in a report on Friday, October 4th. Truist Financial increased their target price on Primerica from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Piper Sandler began coverage on Primerica in a research note on Friday, August 30th. They issued a "neutral" rating and a $283.00 price target for the company. Finally, Morgan Stanley increased their price objective on Primerica from $257.00 to $269.00 and gave the stock an "equal weight" rating in a research report on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $281.67.

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.