Hsbc Holdings PLC Has $448,000 Stake in Primerica, Inc. $PRI

Hsbc Holdings PLC trimmed its position in Primerica, Inc. (NYSE:PRI) by 74.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,788 shares of the financial services provider’s stock after selling 5,322 shares during the period. Hsbc Holdings PLC’s holdings in Primerica were worth $448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Granite Investment Partners LLC bought a new position in shares of Primerica during the first quarter worth about $212,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Primerica in the 1st quarter valued at approximately $263,000. Oregon Public Employees Retirement Fund lifted its stake in Primerica by 2.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,598 shares of the financial services provider’s stock valued at $1,653,000 after acquiring an additional 182 shares in the last quarter. Childress Capital Advisors LLC boosted its position in Primerica by 63.0% during the 1st quarter. Childress Capital Advisors LLC now owns 1,320 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 510 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Primerica by 31.9% during the 1st quarter. Stephens Inc. AR now owns 1,345 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 325 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Primerica Stock Performance

Shares of NYSE PRI opened at $320.75 on Friday. The stock has a 50 day moving average price of $290.81 and a 200 day moving average price of $272.78. Primerica, Inc. has a 52 week low of $230.09 and a 52 week high of $326.78. The stock has a market capitalization of $10.00 billion, a PE ratio of 13.45 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 for the quarter, topping the consensus estimate of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The firm had revenue of $872.30 million for the quarter, compared to analyst estimates of $855.36 million. During the same quarter in the previous year, the firm earned $5.02 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Primerica, Inc. will post 24.65 EPS for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. Primerica’s dividend payout ratio (DPR) is currently 20.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Jefferies Financial Group increased their target price on shares of Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a report on Friday, July 10th. TD Cowen increased their target price on shares of Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Primerica from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Primerica from $305.00 to $323.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $308.67.

Insider Buying and Selling at Primerica

In other Primerica news, CEO Glenn J. Williams sold 1,500 shares of the company’s 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 sale, the chief executive officer directly owned 33,696 shares of the company’s stock, valued at approximately $9,451,391.04. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the 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 sale, the president 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 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 company 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.