Primerica (PRI) to Release Quarterly Earnings on Monday

Primerica (NYSE:PRI) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $4.11 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Primerica Price Performance

Shares of NYSE:PRI opened at $217.99 on Friday. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 13.73 and a beta of 1.10. The firm’s 50 day simple moving average is $237.59 and its 200 day simple moving average is $223.02. Primerica has a fifty-two week low of $173.00 and a fifty-two week high of $256.56.

Primerica Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 21st were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase from Primerica’s previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, February 20th. Primerica’s dividend payout ratio (DPR) is currently 18.89%.

Insider Buying and Selling

In related news, President Peter W. Schneider sold 1,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $243.41, for a total transaction of $365,115.00. Following the completion of the sale, the president now directly owns 13,259 shares of the company’s stock, valued at approximately $3,227,373.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the completion of the transaction, the president now directly owns 13,259 shares of the company’s stock, valued at approximately $3,227,373.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Adam Jendusa sold 234 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total transaction of $58,455.54. Following the transaction, the insider now directly owns 100 shares of the company’s stock, valued at $24,981. The disclosure for this sale can be found here. In the last three months, insiders sold 6,708 shares of company stock valued at $1,648,677. 0.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.