BI Asset Management Fondsmaeglerselskab A S Invests $7.79 Million in Primerica, Inc. (NYSE:PRI)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Primerica, Inc. (NYSE:PRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 28,710 shares of the financial services provider's stock, valued at approximately $7,792,000. BI Asset Management Fondsmaeglerselskab A S owned 0.09% of Primerica as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Primerica in the fourth quarter valued at approximately $34,191,000. Geode Capital Management LLC grew its stake in shares of Primerica by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider's stock worth $211,691,000 after purchasing an additional 82,921 shares during the last quarter. FIL Ltd increased its stake in shares of Primerica by 85.5% in the fourth quarter. FIL Ltd now owns 131,365 shares of the financial services provider's stock valued at $35,655,000 after buying an additional 60,565 shares during the period. California Public Employees Retirement System raised its holdings 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 worth $30,323,000 after purchasing an additional 41,612 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Primerica in the 4th quarter valued at $10,703,000. Institutional investors own 90.88% of the company's stock.

Primerica Price Performance

NYSE PRI traded down $2.67 during trading on Friday, reaching $260.85. The company's stock had a trading volume of 36,002 shares, compared to its average volume of 158,264. The firm has a fifty day moving average of $273.41 and a 200 day moving average of $281.13. Primerica, Inc. has a one year low of $211.53 and a one year high of $307.91. The stock has a market capitalization of $8.63 billion, a PE ratio of 18.99 and a beta of 1.03.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.22. Primerica had a net margin of 15.14% and a return on equity of 31.11%. Research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Increases Dividend

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

Insider Transactions at Primerica

In other Primerica news, President Peter W. Schneider sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total transaction of $845,220.00. Following the transaction, the chief executive officer now directly owns 33,322 shares in the company, valued at $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. In the last ninety days, insiders sold 5,234 shares of company stock valued at $1,476,575. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on PRI. StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Morgan Stanley dropped their price target on Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. BMO Capital Markets initiated coverage on shares of Primerica in a report on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price target 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $309.14.

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.