Primerica, Inc. $PRI Stock Holdings Cut by Quantum Capital Management LLC NJ

Quantum Capital Management LLC NJ lowered its holdings in shares of Primerica, Inc. (NYSE:PRI) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,901 shares of the financial services provider’s stock after selling 2,847 shares during the quarter. Primerica accounts for about 8.0% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 3rd largest position. Quantum Capital Management LLC NJ owned about 0.80% of Primerica worth $62,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. increased its holdings in shares of Primerica by 176.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock worth $29,000 after buying an additional 74 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Primerica in the 4th quarter valued at about $30,000. Root Financial Partners LLC grew its position in Primerica by 52.6% in the first quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Primerica by 68.9% in the fourth 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 in the last quarter. Finally, Steph & Co. grew its position in Primerica by 38.0% in 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. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Glenn J. Williams sold 1,500 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 33,696 shares in the company, valued at $9,451,391.04. The trade was a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 company’s stock in a transaction on 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 transaction, the president directly owned 9,811 shares in the company, valued at $2,743,548.04. This trade represents a 15.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PRI shares. Morgan Stanley upped their price objective on Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods lifted their target price on Primerica from $305.00 to $323.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Jefferies Financial Group lifted their target price on Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a report on Friday, July 10th. TD Cowen boosted their target price on Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings upgraded Primerica from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $308.67.

Primerica Price Performance

Primerica stock opened at $313.15 on Thursday. Primerica, Inc. has a 1-year low of $230.09 and a 1-year high of $317.69. The firm has a market capitalization of $9.76 billion, a P/E ratio of 13.13 and a beta of 0.88. The company’s 50-day moving average is $285.13 and its 200 day moving average is $270.09.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.02 earnings per share. Research analysts anticipate that Primerica, Inc. will post 24.54 earnings per share for the current fiscal year.

Primerica Announces Dividend

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

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.