Koshinski Asset Management Inc. Makes New Investment in Primerica, Inc. $PRI

Koshinski Asset Management Inc. bought a new stake in shares of Primerica, Inc. (NYSE:PRI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,714 shares of the financial services provider’s stock, valued at approximately $429,000.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Primerica by 18.1% in the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock valued at $66,000 after buying an additional 39 shares in the last quarter. Seeds Investor LLC grew its position in shares of Primerica by 3.2% during the 4th quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 42 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of Primerica by 1.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 45 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of Primerica by 0.7% in the 4th quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 46 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Primerica by 6.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 757 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 47 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $279.64, for a total value of $503,352.00. Following the sale, the president owned 9,811 shares of the company’s stock, valued at $2,743,548.04. This trade represents a 15.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 33,696 shares in the company, valued at approximately $9,451,391.04. This trade represents a 4.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is owned by corporate insiders.

Primerica Stock Performance

Shares of PRI opened at $302.77 on Wednesday. The stock has a 50 day moving average price of $278.08 and a 200 day moving average price of $266.36. Primerica, Inc. has a one year low of $230.09 and a one year high of $305.14. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 12.69 and a beta of 0.88.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The business had revenue of $872.30 million during the quarter, compared to analyst estimates of $855.36 million. During the same period in the prior year, the business earned $5.02 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Primerica, Inc. will post 24.51 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Primerica’s payout ratio is presently 20.13%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings raised Primerica from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Keefe, Bruyette & Woods upped their target price on 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 lifted their price target on shares of Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Primerica has an average rating of “Hold” and an average price target of $297.80.

Primerica Company 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.