Aquatic Capital Management LLC Invests $3.11 Million in Primerica, Inc. (NYSE:PRI)

Aquatic Capital Management LLC bought a new stake in Primerica, Inc. (NYSE:PRI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,438 shares of the financial services provider's stock, valued at approximately $3,105,000.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Primerica during the 4th quarter valued at approximately $34,191,000. Geode Capital Management LLC raised its stake in Primerica by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider's stock valued at $211,691,000 after acquiring an additional 82,921 shares during the last quarter. FIL Ltd raised its stake in Primerica by 85.5% during the 4th quarter. FIL Ltd now owns 131,365 shares of the financial services provider's stock valued at $35,655,000 after acquiring an additional 60,565 shares during the last quarter. California Public Employees Retirement System raised its stake in Primerica by 59.4% during the 4th quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock valued at $30,323,000 after acquiring an additional 41,612 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in Primerica during the 4th quarter valued at approximately $10,703,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Primerica Trading Down 1.6 %

Shares of PRI stock traded down $4.18 during mid-day trading on Thursday, reaching $257.89. The stock had a trading volume of 275,242 shares, compared to its average volume of 158,287. Primerica, Inc. has a 12-month low of $211.54 and a 12-month high of $307.91. The company has a market cap of $8.53 billion, a P/E ratio of 18.76 and a beta of 1.03. The business has a 50-day simple moving average of $272.12 and a 200 day simple moving average of $280.79.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share 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%. Research analysts anticipate that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Primerica's previous quarterly dividend of $0.90. Primerica's dividend payout ratio (DPR) is currently 30.25%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BMO Capital Markets assumed coverage on Primerica in a research note on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price for the company. Morgan Stanley cut their target price on Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. Keefe, Bruyette & Woods cut their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $309.14.

Insider Buying and Selling at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total value of $65,555.10. Following the completion of the sale, the insider now owns 200 shares in the company, valued at $56,030. The trade was a 53.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Peter W. Schneider sold 2,000 shares of Primerica stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total value of $565,800.00. Following the completion of the sale, the president now owns 13,301 shares of the company's stock, valued at $3,762,852.90. This trade represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,234 shares of company stock worth $1,476,575 in the last 90 days. 0.85% of the stock is owned by company insiders.

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.