News articles about Primerica (NYSE:PRI) have been trending somewhat negative this week, according to Alpha One Sentiment. Alpha One, a division of Accern, identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primerica earned a daily sentiment score of -0.04 on Alpha One’s scale. Alpha One also assigned news articles about the financial services provider an impact score of 87 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Alpha One’s rankings:
- Can Primerica, Inc. (NYSE:PRI) or Bank of Hawaii Corporation (NYSE:BOH) Climb The Ladder? – FLBC News (flbcnews.com)
- Primerica Life Insurance Company — Moody’s affirms Primerica, Inc. (Baa2 senior debt); outlook to positive (finance.yahoo.com)
- Do Options Traders Know Something About Primerica (PRI) Stock We Don’t? (nasdaq.com)
- Do Options Traders Know Something About Primerica (PRI) Stock We Don't? (finance.yahoo.com)
- 45,000 Distributors Expected To Attend Primerica’s 2017 Convention (businessforhome.org)
PRI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $81.00 target price on shares of Primerica in a research note on Friday, May 12th. Zacks Investment Research downgraded Primerica from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. William Blair cut Primerica from an “outperform” rating to a “market perform” rating in a report on Friday, April 21st. They noted that the move was a valuation call. Finally, Wells Fargo & Company cut Primerica from an “outperform” rating to a “market perform” rating in a report on Thursday, April 20th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $83.25.
Primerica (PRI) traded up 0.47% on Friday, reaching $75.30. The company had a trading volume of 423,873 shares. The company’s 50-day moving average price is $77.07 and its 200 day moving average price is $77.11. The firm has a market capitalization of $3.43 billion, a P/E ratio of 15.74 and a beta of 1.17. Primerica has a 1-year low of $49.69 and a 1-year high of $86.45.
Primerica (NYSE:PRI) last posted its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.04. Primerica had a net margin of 14.49% and a return on equity of 18.22%. The company had revenue of $405.20 million for the quarter, compared to the consensus estimate of $401.58 million. During the same quarter last year, the company earned $0.93 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Primerica will post $5.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. Primerica’s dividend payout ratio (DPR) is 15.93%.
In other Primerica news, insider William A. Kelly sold 2,500 shares of the stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $82.29, for a total transaction of $205,725.00. Following the sale, the insider now directly owns 20,486 shares of the company’s stock, valued at $1,685,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Alison S. Rand sold 2,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $71.55, for a total transaction of $143,100.00. Following the sale, the vice president now directly owns 37,385 shares in the company, valued at $2,674,896.75. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by corporate insiders.
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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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