Primerica (PRI) Scheduled to Post Quarterly Earnings on Monday

Primerica (NYSE:PRI) is scheduled to release its earnings data after the market closes on Monday, May 6th. Analysts expect Primerica to post earnings of $4.11 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) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $4.25 EPS for the quarter, missing analysts’ consensus estimates of $4.27 by ($0.02). Primerica had a return on equity of 27.83% and a net margin of 20.37%. The company had revenue of $726.34 million during the quarter, compared to the consensus estimate of $723.64 million. During the same period in the previous year, the business earned $3.49 earnings per share. Primerica’s revenue was up 5.7% on a year-over-year basis. On average, analysts expect Primerica to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Primerica Stock Performance

NYSE:PRI opened at $217.99 on Friday. The business’s fifty day moving average is $237.59 and its 200 day moving average is $223.10. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 13.73 and a beta of 1.10. Primerica has a 52-week low of $173.00 and a 52-week high of $256.56.

Primerica Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This is a boost from Primerica’s previous quarterly dividend of $0.65. This represents a $3.00 annualized dividend and a dividend yield of 1.38%. Primerica’s dividend payout ratio is currently 18.89%.

Analysts Set New Price Targets

A number of analysts recently weighed in on PRI shares. StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Raymond James lowered Primerica from a “strong-buy” rating to a “market perform” rating in a research note on Monday, February 12th. Morgan Stanley upped their target price on Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods upped their price objective on shares of Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Truist Financial lifted their target price on shares of Primerica from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $245.50.

Insiders Place Their Bets

In other Primerica news, Director John A. Jr. Addison sold 1,215 shares of Primerica stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $249.00, for a total transaction of $302,535.00. Following the transaction, the director now directly owns 16,467 shares of the company’s stock, valued at $4,100,283. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Gregory C. Pitts sold 3,759 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $245.43, for a total transaction of $922,571.37. Following the transaction, the chief operating officer now directly owns 3,379 shares in the company, valued at approximately $829,307.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John A. Jr. Addison sold 1,215 shares of Primerica stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $249.00, for a total value of $302,535.00. Following the completion of the transaction, the director now directly owns 16,467 shares in the company, valued at $4,100,283. The disclosure for this sale can be found here. Insiders sold a total of 6,708 shares of company stock valued at $1,648,677 over the last quarter. 0.85% of the stock is owned by corporate insiders.

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.