KBC Group NV Has $6.14 Million Position in Primerica, Inc. $PRI

KBC Group NV lifted its holdings in Primerica, Inc. (NYSE:PRI) by 2,664.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 24,496 shares of the financial services provider’s stock after buying an additional 23,610 shares during the period. KBC Group NV’s holdings in Primerica were worth $6,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its holdings in Primerica by 176.2% in the first quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Primerica during the 4th quarter worth approximately $30,000. Root Financial Partners LLC increased its stake in shares of Primerica by 52.6% in the 1st quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Primerica by 68.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Finally, Steph & Co. boosted its stake in Primerica by 38.0% during the first quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

PRI has been the subject of several research analyst reports. 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. Jefferies Financial Group raised their target price on Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods boosted their target price on Primerica from $305.00 to $323.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Weiss Ratings raised Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Finally, TD Cowen increased their price target on Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $308.67.

Primerica Stock Performance

Shares of PRI opened at $307.95 on Friday. The stock has a 50 day moving average price of $285.91 and a two-hundred day moving average price of $270.43. Primerica, Inc. has a 52 week low of $230.09 and a 52 week high of $317.69. The firm has a market capitalization of $9.60 billion, a P/E ratio of 12.91 and a beta of 0.88.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.45 by $0.51. The business had revenue of $872.30 million for the quarter, compared to analysts’ expectations of $855.36 million. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $5.02 EPS. On average, equities analysts forecast that Primerica, Inc. will post 24.54 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.6%. Primerica’s payout ratio is 20.13%.

Insider Activity

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $279.64, for a total value of $503,352.00. Following the completion of the sale, the president directly owned 9,811 shares of the company’s stock, valued at approximately $2,743,548.04. This represents a 15.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of Primerica stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $280.49, for a total transaction of $420,735.00. Following the transaction, the chief executive officer directly owned 33,696 shares in the company, valued at approximately $9,451,391.04. This 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 currently owned by insiders.

About Primerica

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.