12,250 Shares in Primerica, Inc. (NYSE:PRI) Bought by Vest Financial LLC

Vest Financial LLC acquired a new stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,250 shares of the financial services provider's stock, valued at approximately $3,485,000.

A number of other institutional investors also recently bought and sold shares of PRI. Mariner LLC increased its position in shares of Primerica by 1.4% during the 4th quarter. Mariner LLC now owns 2,611 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 36 shares during the last quarter. Dana Investment Advisors Inc. grew its position in Primerica by 1.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 3,729 shares of the financial services provider's stock valued at $1,012,000 after buying an additional 45 shares during the period. CIBC Asset Management Inc increased its holdings in Primerica by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 1,108 shares of the financial services provider's stock valued at $301,000 after buying an additional 54 shares during the last quarter. Assetmark Inc. raised its position in Primerica by 3.9% in the fourth quarter. Assetmark Inc. now owns 1,518 shares of the financial services provider's stock worth $412,000 after acquiring an additional 57 shares during the period. Finally, Everhart Financial Group Inc. boosted its stake in shares of Primerica by 2.5% during the 4th quarter. Everhart Financial Group Inc. now owns 2,676 shares of the financial services provider's stock worth $726,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Primerica Stock Up 2.4%

NYSE:PRI opened at $271.43 on Friday. The business's 50-day simple moving average is $264.35 and its two-hundred day simple moving average is $277.98. Primerica, Inc. has a 52 week low of $219.52 and a 52 week high of $307.91. The stock has a market cap of $8.98 billion, a PE ratio of 19.74 and a beta of 0.99.

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

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.53%. Primerica's payout ratio is 27.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PRI shares. Keefe, Bruyette & Woods reduced their price objective 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. Morgan Stanley boosted their price target on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Wall Street Zen downgraded 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $308.00.

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.

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