Primerica, Inc. (NYSE:PRI) is expected to pay $0.18 on Dec 16, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Primerica, Inc.’s current price of $72.50, the dividend is 0.25%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 8, 2016. The stock increased 5.38% or $3.7 on November 14, hitting $72.5. Primerica, Inc. (NYSE:PRI) has risen 55.05% since April 13, 2016 and is uptrending. It has outperformed by 51.12% the S&P500.
Primerica Inc. distributes financial products to middle-income households. The company has a market cap of $3.50 billion. The Firm operates through three divisions. It has a 16.67 P/E ratio. 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 firm subsidiaries.
Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.57, from 1.39 in 2016Q1. The ratio worsened, as 20 funds sold all Primerica, Inc. shares owned while 86 reduced positions. 25 funds bought stakes while 62 increased positions. They now own 51.53 million shares or 2.44% less from 52.83 million shares in 2016Q1.
Mutual Of America Cap Management Ltd Llc accumulated 0.04% or 34,936 shares. Huntington Savings Bank holds 0% or 2,850 shares in its portfolio. The South Africa-based Old Mutual Customised Solutions (Proprietary) Limited has invested 0.04% in Primerica, Inc. (NYSE:PRI). Price T Rowe Assocs Md owns 16,330 shares or 0% of their US portfolio. Geode Cap Ltd Limited Liability Company owns 310,917 shares or 0.01% of their US portfolio. Rhumbline Advisers has 90,377 shares for 0.02% of their US portfolio. Signaturefd Ltd Liability Co last reported 37 shares in the company. Neuberger Berman Lc reported 6,500 shares or 0% of all its holdings. Kcg Holding accumulated 0.01% or 9,010 shares. Chicago Equity Limited Liability Corp has 70,395 shares for 0.12% of their US portfolio. Alliancebernstein Ltd Partnership has invested 0% of its portfolio in Primerica, Inc. (NYSE:PRI). The British Columbia – Canada-based Pacad Ltd has invested 0.17% in Primerica, Inc. (NYSE:PRI). Raymond James & has 0.01% invested in the company for 75,857 shares. Blackrock Advsrs Limited Liability Corporation accumulated 22,253 shares or 0% of the stock. Shelton Capital Mgmt owns 5,087 shares or 0.03% of their US portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 12 sales for $1.68 million net activity. On Monday, July 25 the insider Kelly William A. sold $79,396. 2,500 shares with value of $145,181 were sold by Pitts Gregory C. on Monday, June 6. The insider Fendler Jeffrey S. sold $56,020. $129,965 worth of Primerica, Inc. (NYSE:PRI) was sold by Adams Michael C.. Another trade for 2,000 shares valued at $114,880 was sold by Rand Alison S.. Babbit Joel M. sold 1,406 shares worth $80,571.
Primerica, Inc. (NYSE:PRI) Ratings Coverage
Out of 6 analysts covering Primerica Inc. (NYSE:PRI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Primerica Inc. has been the topic of 7 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wood on Wednesday, July 13. The company was reinitiated on Wednesday, September 9 by Wood. As per Wednesday, September 9, the company rating was reinitiated by Keefe Bruyette & Woods. The stock of Primerica, Inc. (NYSE:PRI) has “Outperform” rating given on Friday, January 22 by William Blair. Wells Fargo initiated the shares of PRI in a report on Friday, September 23 with “Market Perform” rating. The rating was downgraded by Raymond James to “Outperform” on Tuesday, October 20. The firm has “Buy” rating given on Monday, August 17 by Jefferies.
More notable recent Primerica, Inc. (NYSE:PRI) news were published by: Businesswire.com which released: “Primerica Reports Third Quarter 2016 Results” on November 09, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Hawaiian Electric Industries, AFLAC and Primerica” published on August 18, 2016, Nasdaq.com published: “Ex-Dividend Reminder: Apartment Investment & Management, Primerica and …” on November 14, 2016. More interesting news about Primerica, Inc. (NYSE:PRI) were released by: Businesswire.com and their article: “Board of Directors of Primerica, Inc. Declares $0.18 Quarterly Dividend” published on November 07, 2016 as well as Nasdaq.com‘s news article titled: “Primerica, Inc. Q3 Income Advances 18%” with publication date: November 09, 2016.
PRI Company Profile
Primerica Inc. (Primerica), incorporated on October 26, 2009, is a distributor of financial products to middle-income households in the United States and Canada. The Firm operates through three divisions: 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 firm subsidiaries. The Investment and Savings Products segment includes retail and managed mutual funds, and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an individual annuity savings product that it underwrites in Canada through Primerica Life Insurance Company of Canada (Primerica Life Canada). In the United States, it distributes mutual fund and annuity products of various third-party companies. It also earns fees for account servicing on a subset of the mutual funds it distributes. In Canada, it offers a Primerica-branded fund-of-funds mutual fund product, as well as mutual funds of mutual fund companies. The Corporate and Other Distributed Products segment consists of revenues and expenses related to the distribution of non-core products, allocated net investment income, prepaid legal services and various financial products other than its core term life insurance products underwritten or offered by third-party providers.
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