Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) traded down 1.9% during mid-day trading on Friday . The company traded as low as $283.12 and last traded at $284.46. 17,247 shares traded hands during trading, a decline of 89% from the average session volume of 157,183 shares. The stock had previously closed at $289.92.
Analysts Set New Price Targets
A number of brokerages recently weighed in on PRI. Piper Sandler lowered their price target on shares of Primerica from $313.00 to $300.00 and set a "neutral" rating for the company in a report on Wednesday, December 18th. Morgan Stanley decreased their price objective on Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods raised their price target on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets began coverage on Primerica in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $309.86.
View Our Latest Report on Primerica
Primerica Stock Up 0.5 %
The business has a fifty day moving average of $286.37 and a 200 day moving average of $281.97. The firm has a market cap of $9.47 billion, a P/E ratio of 20.71 and a beta of 1.12.
Primerica (NYSE:PRI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. On average, sell-side analysts expect that Primerica, Inc. will post 20.6 EPS for the current fiscal year.
Primerica Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Primerica's previous quarterly dividend of $0.90. Primerica's dividend payout ratio is presently 30.25%.
Insider Transactions at Primerica
In other news, CEO Glenn J. Williams sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total transaction of $845,220.00. Following the sale, the chief executive officer now owns 33,322 shares of the company's stock, valued at $9,388,140.28. This trade represents a 8.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total value of $565,800.00. Following the completion of the transaction, the president now owns 13,301 shares of the company's stock, valued at $3,762,852.90. This represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,234 shares of company stock valued at $1,476,575 over the last three months. 0.85% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Primerica
A number of hedge funds and other institutional investors have recently made changes to their positions in PRI. Colonial Trust Co SC bought a new position in Primerica during the 4th quarter worth about $25,000. True Wealth Design LLC bought a new position in shares of Primerica during the fourth quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in Primerica in the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its position in Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after buying an additional 71 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Primerica by 116.2% in the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 115 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.
About Primerica
(
Get Free Report)
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.
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