Media stories about Primerica (NYSE:PRI) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primerica earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.6950988756111 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Primerica (PRI) Downgraded by ValuEngine to “Hold” (americanbankingnews.com)
- Form DEFA14A Primerica, Inc. (streetinsider.com)
- Financial Comparison: Athene (ATH) versus Primerica (PRI) (americanbankingnews.com)
- Primerica, Inc. (PRI): Worth Watching Financial Stock: (stocksgeeks.com)
- Primerica (PRI) and The Competition Head-To-Head Contrast (americanbankingnews.com)
A number of equities analysts have issued reports on PRI shares. Wells Fargo set a $102.00 price target on Primerica and gave the stock a “hold” rating in a report on Wednesday, February 7th. Zacks Investment Research cut Primerica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 27th. ValuEngine upgraded Primerica from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, SunTrust Banks increased their price target on Primerica to $112.00 and gave the stock a “hold” rating in a report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $101.25.
Primerica stock opened at $94.25 on Friday. The company has a market cap of $4,278.29, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.13. Primerica has a 52-week low of $70.00 and a 52-week high of $108.05.
Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Primerica had a return on equity of 19.47% and a net margin of 20.74%. The firm had revenue of $442.94 million for the quarter, compared to analysts’ expectations of $435.87 million. During the same period in the prior year, the business earned $1.19 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. sell-side analysts anticipate that Primerica will post 7.24 earnings per share for the current fiscal year.
Primerica declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th that permits the company to buyback $225.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Thursday, February 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Primerica’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, February 14th. Primerica’s dividend payout ratio is presently 18.12%.
In other news, Director Robert F. Mccullough sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $95.90, for a total transaction of $47,950.00. Following the transaction, the director now directly owns 18,585 shares of the company’s stock, valued at $1,782,301.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Alison S. Rand sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $102.49, for a total value of $1,024,900.00. Following the transaction, the vice president now directly owns 26,861 shares in the company, valued at $2,752,983.89. The disclosure for this sale can be found here. Insiders have sold 17,482 shares of company stock worth $1,770,883 over the last ninety days. 0.86% of the stock is owned by insiders.
Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.
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