2 weeks Ago By Defense World Staff
Primerica ( NYSE:PRI – Free Report ) had its price objective increased by TD Cowen from $314.00 to $345.00 in a research report sent to investors on Tuesday, Benzinga reports.
TD Cowen currently has a buy rating on the financial services provider’s stock. Several other analysts have also weighed in on PRI. Morgan Stanley lifted 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. StockNews.
com raised shares of Primerica from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Piper Sandler initiated coverage on shares of Primerica in a report on Friday, August 30th. They set a “neutral” rating and a $283.
00 price objective on the stock. Finally, Truist Financial raised their target price on Primerica from $300.00 to $340.
00 and gave the company a “buy” rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $293.
50. Get Our Latest Stock Analysis on PRI Primerica Trading Up 0.5 % Primerica ( NYSE:PRI – Get Free Report ) last announced its earnings results on Wednesday, November 6th.
The financial services provider reported $5.68 EPS for the quarter, beating the consensus estimate of $4.81 by $0.
87. The company had revenue of $774.13 million for the quarter, compared to analyst estimates of $745.
25 million. Primerica had a return on equity of 30.93% and a net margin of 14.
95%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year.
During the same quarter in the prior year, the company earned $4.28 EPS. As a group, research analysts predict that Primerica will post 19.
12 EPS for the current fiscal year. Primerica Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.
90 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.
60 dividend on an annualized basis and a dividend yield of 1.18%. Primerica’s dividend payout ratio is presently 27.
50%. Primerica announced that its Board of Directors has approved a share repurchase program on Thursday, November 14th that authorizes the company to buyback $450.00 million in shares.
This buyback authorization authorizes the financial services provider to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Insider Transactions at Primerica In related news, Director John A. Jr. Addison sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 10th.
The shares were sold at an average price of $253.85, for a total transaction of $507,700.00.
Following the transaction, the director now directly owns 15,151 shares in the company, valued at approximately $3,846,081.35. The trade was a 11.
66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, CEO Glenn J.
Williams sold 3,000 shares of the 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.
This trade represents a 7.63 % decrease in their position. The disclosure for this sale can be found here .
Company insiders own 0.85% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors have recently bought and sold shares of PRI.
CIBC Asset Management Inc boosted its holdings in shares of Primerica by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,054 shares of the financial services provider’s stock worth $279,000 after buying an additional 36 shares during the last quarter.
Creative Planning grew its position in shares of Primerica by 0.7% during the 3rd quarter. Creative Planning now owns 6,083 shares of the financial services provider’s stock valued at $1,613,000 after acquiring an additional 40 shares during the period.
Kingsview Wealth Management LLC increased its stake in shares of Primerica by 0.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,840 shares of the financial services provider’s stock worth $1,549,000 after purchasing an additional 43 shares during the last quarter.
Larson Financial Group LLC raised its holdings in shares of Primerica by 56.8% in the 3rd quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 54 shares during the period.
Finally, Blue Trust Inc. lifted its stake in Primerica by 45.5% in the second quarter.
Blue Trust Inc. now owns 192 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 90.
88% of the company’s stock. About Primerica ( Get Free Report ) 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.
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