Primerica, Inc. (NYSE:PRI) Stock Holdings Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327,615 shares of the financial services provider's stock after selling 4,905 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.98% of Primerica worth $88,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PRI. Geode Capital Management LLC boosted its holdings in shares of Primerica by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 696,839 shares of the financial services provider's stock worth $184,807,000 after purchasing an additional 25,951 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Primerica by 10.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider's stock worth $32,573,000 after buying an additional 11,612 shares during the period. Prospector Partners LLC increased its position in shares of Primerica by 0.3% during the third quarter. Prospector Partners LLC now owns 77,055 shares of the financial services provider's stock valued at $20,431,000 after acquiring an additional 210 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Primerica by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 63,984 shares of the financial services provider's stock valued at $16,965,000 after acquiring an additional 333 shares during the period. Finally, Running Oak Capital LLC lifted its holdings in shares of Primerica by 3.7% in the 4th quarter. Running Oak Capital LLC now owns 53,644 shares of the financial services provider's stock worth $14,560,000 after acquiring an additional 1,919 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the transaction, the insider now directly owns 200 shares of the company's stock, valued at $56,030. The trade was a 53.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of the business'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 transaction of $565,800.00. Following the sale, the president now owns 13,301 shares of the company's stock, valued at approximately $3,762,852.90. This represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,234 shares of company stock valued at $1,476,575. Company insiders own 0.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Piper Sandler cut their target price on shares of Primerica from $313.00 to $300.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. TD Cowen raised their price target on shares of Primerica from $314.00 to $345.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Morgan Stanley cut their price objective 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. Finally, BMO Capital Markets started coverage on Primerica in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $309.86.

Primerica Stock Down 0.3 %

Shares of Primerica stock traded down $0.75 during trading on Thursday, hitting $276.80. 111,130 shares of the company were exchanged, compared to its average volume of 143,247. Primerica, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $307.91. The firm has a 50 day moving average price of $284.31 and a 200 day moving average price of $279.39. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 20.13 and a beta of 1.12.

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

Primerica announced that its Board of Directors has authorized a share repurchase program on Thursday, November 14th that allows the company to buyback $450.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Primerica Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be issued a $1.04 dividend. The ex-dividend date is Friday, February 21st. This represents a $4.16 dividend on an annualized basis and a yield of 1.50%. This is a boost from Primerica's previous quarterly dividend of $0.90. Primerica's dividend payout ratio (DPR) is presently 30.25%.

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.