News coverage about Primerica (NYSE:PRI) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primerica earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 48.0544639717638 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Form 4 Primerica, Inc. For: Nov 30 Filed by: Rand Alison S. (streetinsider.com)
- Primerica, Inc. (PRI) Expected to Post Quarterly Sales of $438.79 Million (americanbankingnews.com)
- GOOD NEWS FROM SCHOOLS: Primerica grant to fund Gwinnett schools mentoring program (gwinnettdailypost.com)
- San José State Celebrates New Tennis Complex (sjsuspartans.com)
- Primerica, Inc. (PRI) Expected to Announce Earnings of $1.44 Per Share (americanbankingnews.com)
Several research analysts have commented on PRI shares. BidaskClub downgraded Primerica from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised Primerica from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Wednesday, October 11th. Wells Fargo & Company restated a “hold” rating on shares of Primerica in a report on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $95.00 price target on shares of Primerica in a report on Friday, November 10th. Finally, SunTrust Banks cut Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Primerica presently has an average rating of “Hold” and an average price target of $90.50.
Primerica (NYSE:PRI) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. Primerica had a return on equity of 18.94% and a net margin of 14.55%. The firm had revenue of $427.30 million for the quarter, compared to analysts’ expectations of $425.83 million. During the same period in the prior year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities analysts forecast that Primerica will post 5.36 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, November 16th. Primerica’s payout ratio is 15.56%.
In other news, VP Gregory C. Pitts sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total transaction of $462,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.
Primerica Company Profile
Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.
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