Primerica, Inc. (NYSE:PRI) Shares Bought by Barclays PLC

Barclays PLC increased its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 43.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,347 shares of the financial services provider's stock after acquiring an additional 8,876 shares during the period. Barclays PLC owned 0.09% of Primerica worth $7,964,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. SkyView Investment Advisors LLC increased its position in shares of Primerica by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,408 shares of the financial services provider's stock valued at $1,699,000 after purchasing an additional 137 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Primerica during the 3rd quarter worth about $336,000. Forthright Family Wealth Advisory LLC bought a new position in Primerica during the 3rd quarter valued at about $202,000. GAMMA Investing LLC boosted its position in Primerica by 14.9% in the fourth quarter. GAMMA Investing LLC now owns 1,128 shares of the financial services provider's stock valued at $306,000 after buying an additional 146 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Primerica during the fourth quarter worth about $228,000. 90.88% of the stock is owned by institutional investors.

Primerica Trading Down 1.3 %

Shares of NYSE PRI traded down $3.40 during midday trading on Tuesday, reaching $260.88. The company's stock had a trading volume of 13,272 shares, compared to its average volume of 157,397. The stock has a 50 day simple moving average of $272.67 and a 200-day simple moving average of $281.04. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 18.96 and a beta of 1.03. Primerica, Inc. has a fifty-two week low of $211.53 and a fifty-two week high of $307.91.

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

Primerica Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were paid a dividend of $1.04 per share. The ex-dividend date was Friday, February 21st. This is a boost from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a yield of 1.59%. Primerica's dividend payout ratio is presently 30.25%.

Analyst Upgrades and Downgrades

PRI has been the topic of a number of research analyst reports. StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods decreased their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets initiated coverage on shares of Primerica in a research note on Thursday, January 23rd. They set a "market perform" rating and a $311.00 price objective on the stock. Finally, Morgan Stanley lowered their price objective on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $309.14.

Insider Buying and Selling

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

Primerica Company 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.