Primerica (PRI) Plans Quarterly Dividend of $0.11

MideastTime.com, May 14, 2013

Primerica (NYSE:PRI) declared a quarterly dividend on Monday, May 13th, StockRatingsNetwork reports. Stockholders of record on Friday, May 24th will be given a dividend of $0.11 per share on Monday, June 10th. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%.

PRI has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of Primerica from $39.00 to $41.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. On the ratings front, analysts at SunTrust upgraded shares of Primerica from a “reduce” rating to a “neutral” rating in a research note to investors on Monday, April 22nd.

Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Primerica currently has a consensus rating of “Hold” and an average price target of $37.00.

Shares of Primerica (NYSE: PRI) traded down 1.27% during mid-day trading on Monday, hitting $34.14. Primerica has a 52 week low of $23.28 and a 52 week high of $35.39. The stock’s 50-day moving average is currently $33.03. The company has a market cap of $1.935 billion and a P/E ratio of 12.54.

Primerica (NYSE: PRI) last announced its earnings results on Tuesday, May 7th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.04. The company had revenue of $308.40 million for the quarter, compared to the consensus estimate of $310.10 million. During the same quarter last year, the company posted $0.61 earnings per share. Primerica’s revenue was up 7.6% compared to the same quarter last year. Analysts expect that Primerica will post $2.90 EPS for the current fiscal year.

Primerica, Inc.is a distributor of financial products to middle income households in North America with approximately 100,000 licensed sales representatives.

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