Primerica (NYSE:PRI) Earns Daily Media Impact Rating of 0.14
Media stories about Primerica (NYSE:PRI) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primerica earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.6982429296989 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 media stories that may have impacted Accern Sentiment’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)
Several equities research analysts have commented on the stock. William Blair cut 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. Wells Fargo & Company cut shares of Primerica from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 20th. BidaskClub upgraded shares of Primerica from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of Primerica from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $81.00 price target on shares of Primerica in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $83.75.
Shares of Primerica (NYSE PRI) opened at 80.60 on Friday. The firm has a 50-day moving average of $78.71 and a 200 day moving average of $79.09. The company has a market capitalization of $3.63 billion, a PE ratio of 16.42 and a beta of 1.14. Primerica has a 12 month low of $52.50 and a 12 month high of $86.45.
Primerica (NYSE:PRI) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.01. The business had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $410.97 million. Primerica had a return on equity of 18.48% and a net margin of 14.41%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 earnings per share. On average, equities research analysts expect that Primerica will post $5.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a $0.20 dividend. This is a boost 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 yield of 0.99%. Primerica’s dividend payout ratio (DPR) is currently 15.51%.
In other Primerica news, VP Alison S. Rand sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $71.55, for a total transaction of $143,100.00. Following the transaction, the vice president now owns 37,385 shares in the company, valued at $2,674,896.75. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.24% of the stock is currently owned by company 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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