Shares of Primerica, Inc.
Media headlines about Primerica (NYSE:PRI) have been trending positive on Tuesday, according to Accern Sentiment Analysis.
Here is the rundown on market activity for Primerica, Inc. The business is expected to announce its next quarterly earnings report on Wednesday, November 8th.
Wall Street await Primerica, Inc.
Primerica, Inc. (NYSE:PRI) posted its quarterly earnings results on Tuesday. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.15 by $0.04. The ratio is negative, as 114 active investment managers started new and increased positions, while 118 reduced and sold their equity positions in Primerica Inc. The company had revenue of $405.20 million for the quarter, compared to analysts' expectations of $401.58 million. During the same quarter in the previous year, the firm posted $0.93 EPS. The business's revenue was up 9.2% compared to the same quarter previous year.
Several research analysts have recently issued reports on PRI shares.
On September 23, 2016 Wells Fargo starting coverage on the stock with an initial rating of "Market Perform". Finally, BidaskClub upgraded Primerica from a "hold" rating to a "buy" rating in a report on Saturday, July 1st. Keefe Bruyette & Woods began coverage of PRI by announcing an initial rating of "Outperform" and projecting a price target of $53.00. Zacks Investment Research cut shares of Primerica from a "buy" rating to a "hold" rating in a research note on Friday, May 12th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. The company now has an average rating of "Hold" and a consensus target price of $78.20. The correct version of this article can be viewed at https://theolympiareport.com/2017/08/10/new-york-state-teachers-retirement-system-has-197000-position-in-primerica-inc-pri-updated.html.
In other news, VP Alison S. Rand sold 2,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold on May 26th for an average price of $71.55. Robeco Institutional Asset Management B.v. owns 30,000 shares with a value of $2,273,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.24% of the company's stock. World Asset Management Inc bought a new position in Primerica during the first quarter valued at $233,000. Vanguard Group Inc. now owns 5,071,986 shares of the financial services provider's stock valued at $416,917,000 after buying an additional 307,797 shares during the period. The value of the investment in Primerica, Inc. went from $798,000 to $687,000 a change of $111,000 quarter to quarter. BlackRock Inc. now owns 4,448,197 shares of the financial services provider's stock worth $365,642,000 after buying an additional 4,428,380 shares during the period. The institutional investor owned 9,064 shares of the financial services provider's stock after selling 350 shares during the period. Bank of America Corp DE owned 0.45% of Primerica worth $16,775,000 at the end of the most recent reporting period. Finally, FMR LLC increased its position in shares of Primerica by 10.7% in the first quarter. FMR LLC now owns 1,752,471 shares of the financial services provider's stock valued at $144,053,000 after buying an additional 169,689 shares during the period.
Primerica (NYSE PRI) traded down 1.83% during trading on Wednesday, reaching $80.25. Moreover, New Amsterdam Partners Llc Ny has 2.85% invested in the company for 181,569 shares. Primerica, Inc. has a 12-month low of $52.50 and a 12-month high of $86.45. The company has market cap of $3.59 billion. Investors of record on Friday, August 18th will be paid a $0.20 dividend. Vanguard Group Inc. raised its position in shares of Primerica by 6.5% in the first quarter. They expect $1.35 earnings per share, up 13.45 % or $0.16 from last year's $1.19 per share. The firm earned "Buy" rating on Monday, August 17 by Jefferies. Primerica's dividend payout ratio (DPR) is 15.93%.
Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties.