Somewhat Positive Media Coverage Somewhat Unlikely to Impact Primerica (PRI) Share Price

News headlines about Primerica (NYSE:PRI) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of 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 0.09 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.1790797041224 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several brokerages have recently commented on PRI. BidaskClub downgraded Primerica from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $87.00 price target on shares of Primerica in a research note on Monday, October 16th. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Wednesday, October 11th. Finally, SunTrust Banks downgraded Primerica from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $90.50.

Primerica (NYSE PRI) traded up $0.25 during mid-day trading on Monday, reaching $104.00. The company’s stock had a trading volume of 162,568 shares, compared to its average volume of 303,245. The firm has a market cap of $4,590.74, a P/E ratio of 20.26, a P/E/G ratio of 1.94 and a beta of 1.24. Primerica has a fifty-two week low of $68.60 and a fifty-two week high of $106.40.

Primerica (NYSE:PRI) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. The business had revenue of $427.30 million during the quarter, compared to the consensus estimate of $425.83 million. Primerica had a return on equity of 18.94% and a net margin of 14.55%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. research analysts anticipate that Primerica will post 5.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.80 annualized dividend and a dividend yield of 0.77%. Primerica’s dividend payout ratio is currently 15.56%.

In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of Primerica stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $92.40, for a total transaction of $462,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Primerica (NYSE:PRI)

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