Corient Private Wealth LLC Purchases 3,179 Shares of Primerica, Inc. $PRI

Corient Private Wealth LLC grew its position in shares of Primerica, Inc. (NYSE:PRI) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,534 shares of the financial services provider’s stock after purchasing an additional 3,179 shares during the quarter. Corient Private Wealth LLC’s holdings in Primerica were worth $3,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Primerica in the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC grew its holdings in Primerica by 68.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 73 shares during the last quarter. Torren Management LLC bought a new stake in Primerica during the 4th quarter worth approximately $50,000. Hantz Financial Services Inc. grew its holdings in Primerica by 18.1% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 39 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Primerica in the 4th quarter valued at approximately $67,000. 90.88% of the stock is currently owned by institutional investors.

Primerica Price Performance

Primerica stock opened at $283.73 on Friday. The stock’s 50 day moving average is $275.84 and its 200 day moving average is $264.44. The firm has a market cap of $8.85 billion, a P/E ratio of 11.90 and a beta of 0.88. Primerica, Inc. has a one year low of $230.09 and a one year high of $288.03.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. The business had revenue of $872.30 million during the quarter, compared to the consensus estimate of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.02 EPS. Equities analysts anticipate that Primerica, Inc. will post 24.45 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 21st. Primerica’s dividend payout ratio is currently 20.13%.

Insiders Place Their Bets

In related news, CEO Glenn J. Williams sold 1,500 shares of Primerica stock in a transaction on Friday, June 12th. The shares were sold at an average price of $280.49, for a total transaction of $420,735.00. Following the completion of the transaction, the chief executive officer owned 33,696 shares of the company’s stock, valued at $9,451,391.04. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the completion of the transaction, the president owned 9,811 shares in the company, valued at approximately $2,743,548.04. The trade was a 15.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley increased their price objective on Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Primerica has an average rating of “Hold” and an average price target of $297.80.

Primerica Profile

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.