Press coverage about Primerica (NYSE:PRI) has trended somewhat positive on Saturday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primerica earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.6982429296989 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Primerica, Inc. 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- William Blair Comments on Primerica, Inc.’s Q1 2018 Earnings (NYSE:PRI) (americanbankingnews.com)
- Q3 2017 EPS Estimates for Primerica, Inc. Cut by SunTrust Banks (PRI) (americanbankingnews.com)
- Zacks: Analysts Expect Primerica, Inc. (NYSE:PRI) to Post $1.37 Earnings Per Share (americanbankingnews.com)
- Primerica, Inc. (NYSE:PRI) Forecasted to Earn Q3 2017 Earnings of $1.41 Per Share (americanbankingnews.com)
A number of equities research analysts have commented on PRI shares. Wells Fargo & Company downgraded shares of Primerica from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 20th. Zacks Investment Research downgraded shares of Primerica from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $83.00 price objective on shares of Primerica in a research report on Friday, June 23rd. William Blair downgraded shares of Primerica from an “outperform” rating to a “market perform” rating in a research report on Friday, April 21st. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $83.75.
Primerica (NYSE:PRI) opened at 80.60 on Friday. The stock has a 50 day moving average of $78.71 and a 200 day moving average of $79.09. Primerica has a one year low of $52.50 and a one year high of $86.45. The firm has a market cap of $3.63 billion, a PE ratio of 16.42 and a beta of 1.14.
Primerica (NYSE:PRI) last released its earnings results on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. Primerica had a net margin of 14.41% and a return on equity of 18.48%. The firm had revenue of $413.70 million during the quarter, compared to analyst estimates of $410.97 million. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that Primerica will post $5.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.20 per share. This is an increase from Primerica’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 0.99%. Primerica’s payout ratio is 15.51%.
In other news, VP Alison S. Rand sold 2,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $71.55, for a total transaction of $143,100.00. Following the completion of the transaction, the vice president now owns 37,385 shares of the company’s stock, valued at $2,674,896.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.24% of the company’s stock.
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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.
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