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

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

Primerica Price Performance

NYSE:PRI traded up $2.02 on Tuesday, reaching $302.64. The stock had a trading volume of 113,042 shares, compared to its average volume of 155,043. Primerica, Inc. has a 12-month low of $184.76 and a 12-month high of $304.84. The firm’s fifty day moving average is $270.38 and its two-hundred day moving average is $249.25. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 22.97 and a beta of 1.08.

Primerica (NYSE:PRI) last released its quarterly earnings results 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 the consensus estimate of $745.25 million. During the same quarter last year, the company earned $4.28 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Primerica, Inc. will post 18.49 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The firm 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 dividend of $0.90 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.60 annualized dividend and a dividend yield of 1.19%. Primerica’s dividend payout ratio is presently 27.50%.

Analysts Set New Price Targets

PRI has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Primerica from $239.00 to $249.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Morgan Stanley upped their price objective on shares of Primerica from $257.00 to $269.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Piper Sandler started coverage on shares of Primerica in a research note on Friday, August 30th. They issued a “neutral” rating and a $283.00 price target for the company. Keefe, Bruyette & Woods raised their target price on Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Finally, StockNews.com cut Primerica from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $288.33.

Institutional Investors Weigh In On Primerica

Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in shares of Primerica by 30,726.7% during the second quarter. Millennium Management LLC now owns 680,961 shares of the financial services provider’s stock valued at $161,102,000 after buying an additional 678,752 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Primerica by 66.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 99,758 shares of the financial services provider’s stock worth $23,601,000 after buying an additional 39,761 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Primerica by 2,986.9% during the second quarter. Squarepoint Ops LLC now owns 32,104 shares of the financial services provider’s stock worth $7,595,000 after buying an additional 31,064 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Primerica during the second quarter worth $71,000. Finally, International Assets Investment Management LLC increased its position in shares of Primerica by 359,742.9% during the 3rd quarter. International Assets Investment Management LLC now owns 25,189 shares of the financial services provider’s stock worth $6,679,000 after purchasing an additional 25,182 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

About Primerica

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.