Glenn J. Williams Sells 3,000 Shares of Primerica, Inc. (NYSE:PRI) Stock

Primerica, Inc. (NYSE:PRI) CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $301.27, for a total transaction of $903,810.00. Following the completion of the sale, the chief executive officer now owns 36,322 shares of the company’s stock, valued at approximately $10,942,728.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Primerica Trading Down 0.8 %

NYSE:PRI opened at $300.18 on Thursday. The company has a market capitalization of $10.02 billion, a P/E ratio of 22.93 and a beta of 1.08. The firm has a 50-day moving average price of $271.23 and a two-hundred day moving average price of $249.88. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $304.84.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.87. Primerica had a net margin of 14.95% and a return on equity of 30.93%. The business had revenue of $774.13 million during the quarter, compared to analysts’ expectations of $745.25 million. During the same period last year, the company posted $4.28 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Primerica, Inc. will post 19.12 earnings per share for the current year.

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.90 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.60 annualized dividend and a dividend yield of 1.20%. Primerica’s dividend payout ratio is currently 27.50%.

Institutional Trading of Primerica

Large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in Primerica in the 3rd quarter valued at about $31,000. Prospera Private Wealth LLC purchased a new position in shares of Primerica during the third quarter valued at approximately $31,000. ORG Partners LLC acquired a new stake in Primerica during the second quarter worth approximately $30,000. UMB Bank n.a. lifted its holdings in shares of Primerica by 85.9% during the 3rd quarter. UMB Bank n.a. now owns 145 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 67 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Primerica by 56.8% in the third quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PRI has been the subject of several recent analyst reports. TD Cowen assumed coverage on Primerica in a report on Wednesday, October 9th. They issued a “buy” rating and a $314.00 price target for the company. Jefferies Financial Group boosted their target price on shares of Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Truist Financial increased their price target on shares of Primerica from $300.00 to $340.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com downgraded shares of Primerica from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $288.33.

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.