Brave Warrior Advisors LLC Has $231.76 Million Stake in Primerica, Inc. (NYSE:PRI)

Brave Warrior Advisors LLC reduced its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 41.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 853,864 shares of the financial services provider's stock after selling 606,307 shares during the quarter. Primerica makes up about 5.8% of Brave Warrior Advisors LLC's portfolio, making the stock its 9th biggest holding. Brave Warrior Advisors LLC owned 2.56% of Primerica worth $231,756,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors increased its holdings in shares of Primerica by 9.9% in the fourth quarter. Captrust Financial Advisors now owns 1,553 shares of the financial services provider's stock valued at $422,000 after purchasing an additional 140 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Primerica by 51.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 65,623 shares of the financial services provider's stock worth $17,811,000 after buying an additional 22,275 shares during the period. Algert Global LLC grew its stake in Primerica by 9.4% in the 4th quarter. Algert Global LLC now owns 12,111 shares of the financial services provider's stock valued at $3,287,000 after buying an additional 1,043 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in Primerica by 22.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 36,027 shares of the financial services provider's stock valued at $9,778,000 after acquiring an additional 6,682 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in Primerica by 30.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,164 shares of the financial services provider's stock worth $316,000 after acquiring an additional 269 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Primerica Price Performance

PRI stock traded down $3.45 during midday trading on Friday, reaching $268.55. The company had a trading volume of 110,912 shares, compared to its average volume of 157,151. Primerica, Inc. has a 1-year low of $219.52 and a 1-year high of $307.91. The stock has a 50 day moving average price of $269.75 and a 200-day moving average price of $280.13. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 19.53 and a beta of 1.02.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, topping analysts' consensus estimates of $4.77 by $0.25. The company had revenue of $803.56 million during the quarter, compared to the consensus estimate of $783.54 million. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.91 EPS. As a group, research analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's payout ratio is 30.25%.

Insiders Place Their Bets

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the company's 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 sale, the insider now directly owns 200 shares of the company's stock, valued at $56,030. This represents a 53.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Peter W. Schneider sold 2,000 shares of the firm's stock in a transaction 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 transaction, the president now directly owns 13,301 shares of the company's stock, valued at $3,762,852.90. The trade was a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,234 shares of company stock valued at $1,476,575 in the last ninety days. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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