Blair William & Co. IL Purchases 438 Shares of Primerica, Inc. (NYSE:PRI)

Blair William & Co. IL raised its holdings in Primerica, Inc. (NYSE:PRI) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 12,617 shares of the financial services provider’s stock after acquiring an additional 438 shares during the quarter. Blair William & Co. IL’s holdings in Primerica were worth $3,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Primerica by 11.4% in the fourth quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider’s stock worth $31,840,000 after acquiring an additional 11,996 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Primerica by 14.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,901 shares of the financial services provider’s stock valued at $4,859,000 after purchasing an additional 2,262 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Primerica in the fourth quarter valued at approximately $556,000. Prudential Financial Inc. grew its stake in shares of Primerica by 35.3% during the fourth quarter. Prudential Financial Inc. now owns 26,354 shares of the financial services provider’s stock worth $7,857,000 after buying an additional 6,874 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Primerica by 69.7% during the fourth quarter. LPL Financial LLC now owns 10,488 shares of the financial services provider’s stock worth $2,847,000 after buying an additional 4,307 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

PRI has been the topic of a number of recent research reports. Piper Sandler cut their price target on shares of Primerica from $313.00 to $300.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets started coverage on Primerica in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $311.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on Primerica from $315.00 to $320.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. StockNews.com lowered shares of Primerica from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Morgan Stanley reduced their price objective on shares of Primerica from $313.00 to $304.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $309.86.

Primerica Trading Up 0.5 %

Shares of PRI opened at $284.74 on Tuesday. The stock has a 50 day moving average of $286.22 and a 200 day moving average of $282.19. Primerica, Inc. has a 12 month low of $184.76 and a 12 month high of $307.91. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 20.71 and a beta of 1.12.

Primerica (NYSE:PRI) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. As a group, equities research analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a $1.04 dividend. This is a boost from Primerica’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, February 21st. This represents a $4.16 dividend on an annualized basis and a yield of 1.46%. Primerica’s payout ratio is presently 30.25%.

Insider Transactions at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the transaction, the insider now owns 200 shares of the company’s stock, valued at $56,030. This represents a 53.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total transaction of $845,220.00. Following the completion of the sale, the chief executive officer now owns 33,322 shares in the company, valued at approximately $9,388,140.28. This trade represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,234 shares of company stock worth $1,476,575. Corporate insiders own 0.85% of the company’s stock.

Primerica Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.