Primerica (NYSE:PRI) CEO Donald Williams unloaded 30,000 shares of Primerica stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $40.12, for a total transaction of $1,203,600.00. Following the completion of the sale, the chief executive officer now directly owns 377,366 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Primerica from $45.00 to $46.00 in a research note to investors on Thursday, August 8th. Separately, analysts at UBS AG raised their price target on shares of Primerica from $37.00 to $41.00 in a research note to investors on Wednesday, August 7th. They now have a “neutral” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Primerica from $40.00 to $41.00 in a research note to investors on Thursday, July 18th. They now have a “market perform” rating on the stock.
Four analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $40.83.
Shares of Primerica (NYSE:PRI) opened at 40.11 on Wednesday. Primerica has a 52 week low of $27.22 and a 52 week high of $42.37. The stock’s 50-day moving average is currently $39.90. The company has a market cap of $2.267 billion and a P/E ratio of 14.45.
Primerica (NYSE:PRI) last announced its earnings results on Tuesday, August 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $312.31 million for the quarter, compared to the consensus estimate of $316.78 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts expect that Primerica will post $2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 10th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 21st.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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