Primerica, Inc. (NYSE:PRI) Forecasted to Post Q3 2019 Earnings of $2.14 Per Share

Primerica, Inc. (NYSE:PRI) – Research analysts at William Blair boosted their Q3 2019 earnings estimates for shares of Primerica in a note issued to investors on Friday, August 9th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $2.14 per share for the quarter, up from their previous estimate of $2.11. William Blair also issued estimates for Primerica’s FY2019 earnings at $8.15 EPS, Q3 2020 earnings at $2.38 EPS and FY2020 earnings at $9.10 EPS.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Primerica from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Tuesday. Citigroup set a $108.00 target price on Primerica and gave the stock a “sell” rating in a report on Thursday, May 23rd.



Shares of NYSE:PRI opened at $112.70 on Monday. The company’s fifty day moving average is $120.90. The stock has a market capitalization of $4.68 billion, a PE ratio of 15.38 and a beta of 1.39. Primerica has a 12-month low of $90.28 and a 12-month high of $132.17. The company has a quick ratio of 0.57, a current ratio of 0.55 and a debt-to-equity ratio of 0.04.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.07. The business had revenue of $504.90 million during the quarter, compared to analysts’ expectations of $503.84 million. Primerica had a return on equity of 22.77% and a net margin of 17.66%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.93 earnings per share.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Primerica by 9.8% in the first quarter. BlackRock Inc. now owns 4,904,716 shares of the financial services provider’s stock worth $599,112,000 after acquiring an additional 438,672 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Primerica by 1.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,951,542 shares of the financial services provider’s stock worth $482,683,000 after acquiring an additional 38,742 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Primerica by 3.9% in the second quarter. Wells Fargo & Company MN now owns 787,252 shares of the financial services provider’s stock worth $94,430,000 after acquiring an additional 29,212 shares during the period. Northern Trust Corp grew its holdings in shares of Primerica by 1.4% in the first quarter. Northern Trust Corp now owns 700,999 shares of the financial services provider’s stock worth $85,626,000 after acquiring an additional 9,755 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Primerica by 11.1% in the fourth quarter. Geode Capital Management LLC now owns 500,512 shares of the financial services provider’s stock worth $48,905,000 after acquiring an additional 49,999 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

In other Primerica news, President Peter W. Schneider sold 2,000 shares of Primerica stock in a transaction on Friday, May 31st. The stock was sold at an average price of $115.02, for a total value of $230,040.00. Following the completion of the sale, the president now owns 32,790 shares of the company’s stock, valued at approximately $3,771,505.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, August 20th. Primerica’s payout ratio is 18.55%.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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Earnings History and Estimates for Primerica (NYSE:PRI)

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