Primerica (PRI) Scheduled to Post Earnings on Monday

Primerica (NYSE:PRI - Get Free Report) 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 - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 27.83% and a net margin of 20.37%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior 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 Stock Performance

Shares of NYSE:PRI traded up $1.22 on Monday, hitting $214.68. 210,819 shares of the company's stock were exchanged, compared to its average volume of 161,311. The firm's 50-day moving average is $240.21 and its 200 day moving average is $223.00. The company has a market capitalization of $7.45 billion, a PE ratio of 13.52 and a beta of 1.06. Primerica has a 1-year low of $173.00 and a 1-year high of $256.56.

Primerica Increases Dividend

The firm also recently disclosed 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. 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 1.40%. The ex-dividend date was Tuesday, February 20th. Primerica's dividend payout ratio is currently 18.89%.

Analyst Ratings Changes

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

Insider Buying and Selling at Primerica

In other Primerica news, COO Gregory C. Pitts sold 3,759 shares of the company'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 completion of the sale, the chief operating officer now directly owns 3,379 shares of the company's stock, valued at approximately $829,307.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Primerica news, COO Gregory C. Pitts sold 3,759 shares of the company'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 completion of the sale, the chief operating officer now directly owns 3,379 shares of the company's stock, valued at approximately $829,307.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Peter W. Schneider sold 1,500 shares of the company'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 value of $365,115.00. Following the sale, the president now directly owns 13,259 shares of the company's stock, valued at $3,227,373.19. 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 in the last ninety days. Insiders own 0.61% 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.