American Banking & Marketing Online, February 9, 2011
Primerica Inc. (PRI) announced its quarterly results on Tuesday. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.06. The company's quarterly revenue was down 51.7% on a year-over-year basis.
Primerica, Inc. is a distributor of financial products to middle income households in North America with approximately 100,000 licensed sales representatives. It assists the clients in meeting their needs of term life insurance, mutual funds, variable annuities, and other financial products. The Company operates in three business segments: term life insurance, investment and savings products, and corporate and other distributed products. The Company's subsidiaries include Primerica Life Insurance Company (Primerica Life), National Benefit Life Insurance Company (NBLIC) and Primerica Life Insurance Company of Canada (Primerica Life Canada).Shares of Primerica Inc. (PRI) traded up 0.00% during mid-day trading on Tuesday, hitting $25.98. Primerica Inc. has a 52 week low of $18.61 and a 52 week high of $25.98. The stock's 50-day moving average is $24.62 and its 200-day moving average is $22.45. The company has a market cap of $1.892 billion and a price-to-earnings ratio of 5.86.