Leeward Investments LLC MA Sells 851 Shares of Primerica, Inc. (NYSE:PRI)

Leeward Investments LLC MA cut its holdings in Primerica, Inc. (NYSE:PRI) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,750 shares of the financial services provider’s stock after selling 851 shares during the period. Primerica accounts for 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 22nd biggest position. Leeward Investments LLC MA’s holdings in Primerica were worth $21,553,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Arlington Trust Co LLC bought a new position in Primerica in the 3rd quarter valued at $25,000. LWM Advisory Services LLC bought a new position in Primerica in the 3rd quarter valued at $26,000. ORG Partners LLC bought a new position in Primerica in the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in Primerica by 121.9% in the 4th quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 128 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Primerica by 12.0% in the 3rd quarter. IFP Advisors Inc now owns 617 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 66 shares during the period. 90.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction on Friday, March 15th. The shares were sold at an average price of $243.41, for a total value of $365,115.00. Following the transaction, the president now owns 13,259 shares in the company, valued at approximately $3,227,373.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Primerica news, President Peter W. Schneider sold 1,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $243.41, for a total value of $365,115.00. Following the transaction, the president now owns 13,259 shares in the company, valued at $3,227,373.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Adam Jendusa sold 234 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $249.81, for a total transaction of $58,455.54. Following the completion of the transaction, the insider now owns 100 shares in the company, valued at approximately $24,981. The disclosure for this sale can be found here. Insiders have sold a total of 6,708 shares of company stock worth $1,648,677 in the last 90 days. 0.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Primerica from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Raymond James downgraded shares of Primerica from a “strong-buy” rating to a “market perform” rating in a report on Monday, February 12th. StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Truist Financial lifted their price objective on shares of Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $245.50.

Primerica Stock Down 2.4 %

Shares of NYSE:PRI opened at $213.41 on Friday. The stock has a market cap of $7.41 billion, a PE ratio of 13.44 and a beta of 1.06. The company’s fifty day moving average is $240.84 and its 200 day moving average is $222.63. Primerica, Inc. has a 52 week low of $173.00 and a 52 week high of $256.56.

Primerica (NYSE:PRI) last issued its earnings results on Tuesday, February 13th. The financial services provider reported $4.25 EPS for the quarter, missing analysts’ consensus estimates of $4.27 by ($0.02). The business had revenue of $726.34 million during the quarter, compared to analysts’ expectations of $723.64 million. Primerica had a return on equity of 27.83% and a net margin of 20.37%. Primerica’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.49 EPS. Sell-side analysts anticipate that Primerica, Inc. will post 17.78 EPS for the current year.

Primerica Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 21st were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a boost from Primerica’s previous quarterly dividend of $0.65. Primerica’s dividend payout ratio (DPR) is presently 18.89%.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.