Primerica, Inc. $PRI Shares Acquired by Vest Financial LLC

Vest Financial LLC lifted its position in Primerica, Inc. (NYSE:PRI) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,866 shares of the financial services provider’s stock after purchasing an additional 3,226 shares during the quarter. Vest Financial LLC owned about 0.07% of Primerica worth $5,649,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vista Investment Partners II LLC purchased a new stake in Primerica in the 4th quarter valued at about $1,685,000. First Trust Advisors LP boosted its stake in Primerica by 12.4% during the third quarter. First Trust Advisors LP now owns 492,083 shares of the financial services provider’s stock worth $136,597,000 after buying an additional 54,158 shares during the period. Prana Capital Management LP increased its position in shares of Primerica by 22.8% during the third quarter. Prana Capital Management LP now owns 66,916 shares of the financial services provider’s stock valued at $18,575,000 after acquiring an additional 12,432 shares during the last quarter. M&T Bank Corp raised its stake in shares of Primerica by 1,155.8% in the 4th quarter. M&T Bank Corp now owns 32,137 shares of the financial services provider’s stock valued at $8,303,000 after acquiring an additional 29,578 shares during the period. Finally, Nordea Investment Management AB acquired a new position in shares of Primerica in the 3rd quarter worth approximately $51,004,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Primerica

In other news, President Peter W. Schneider sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $252.38, for a total transaction of $454,284.00. Following the sale, the president owned 11,611 shares of the company’s stock, valued at approximately $2,930,384.18. This trade represents a 13.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn J. Williams sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $256.41, for a total value of $641,025.00. Following the sale, the chief executive officer owned 27,392 shares of the company’s stock, valued at approximately $7,023,582.72. The trade was a 8.36% decrease in their position. The SEC filing for this sale provides additional information. 0.63% of the stock is owned by insiders.

Primerica Stock Down 0.0%

Shares of NYSE:PRI opened at $280.69 on Wednesday. Primerica, Inc. has a fifty-two week low of $230.09 and a fifty-two week high of $288.03. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 12.24 and a beta of 0.90. The firm’s 50 day moving average price is $259.58 and its 200 day moving average price is $259.89.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $6.13 EPS for the quarter, beating analysts’ consensus estimates of $5.69 by $0.44. The company had revenue of $853.51 million for the quarter, compared to the consensus estimate of $839.65 million. Primerica had a net margin of 22.82% and a return on equity of 32.30%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.03 EPS. On average, equities analysts anticipate that Primerica, Inc. will post 23.84 EPS for the current year.

Primerica Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, February 23rd were paid a $1.20 dividend. This is a boost from Primerica’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, February 23rd. Primerica’s payout ratio is 20.93%.

Analyst Upgrades and Downgrades

PRI has been the topic of a number of research analyst reports. Zacks Research lowered Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings raised Primerica from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Morgan Stanley decreased their target price on Primerica from $292.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $290.00 target price on shares of Primerica in a report on Thursday, March 26th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Primerica in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $293.60.

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.