4,707 Shares in Primerica, Inc. $PRI Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG purchased 4,707 Primerica shares worth approximately $1.34 million in the second quarter. Institutional investors collectively own 90.88% of the company.
• Primerica reported quarterly EPS of $6.41, beating estimates of $6.03, while revenue increased 9% year over year to $865.1 million. The company declared a quarterly dividend of $1.20 per share, representing a 1.7% yield.
• Analysts maintain a generally neutral outlook, with an average rating of “Hold” and a consensus price target of $315.57 versus the stock’s reported $289.86 price. Insiders sold 5,079 shares worth about $1.55 million over the last 90 days.

Deutsche Bank AG purchased a new stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,707 shares of the financial services provider's stock, valued at approximately $1,338,000.

Several other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in shares of Primerica by 18.1% in the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 39 shares during the last quarter. Pacer Advisors Inc. increased its position in Primerica by 1.1% during the first quarter. Pacer Advisors Inc. now owns 3,790 shares of the financial services provider's stock valued at $949,000 after acquiring an additional 40 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Primerica by 1.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider's stock worth $1,058,000 after purchasing an additional 45 shares during the period. SkyView Investment Advisors LLC lifted its stake in Primerica by 0.7% in the fourth quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider's stock worth $1,794,000 after purchasing an additional 46 shares during the last quarter. Finally, JLB & Associates Inc. lifted its stake in Primerica by 0.3% in the fourth quarter. JLB & Associates Inc. now owns 18,679 shares of the financial services provider's stock worth $4,826,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

PRI has been the topic of several recent analyst reports. Morgan Stanley raised their price target on shares of Primerica from $291.00 to $316.00 and gave the stock an "equal weight" rating in a research note on Monday, August 24th. Keefe, Bruyette & Woods increased their target price on shares of Primerica from $323.00 to $335.00 and gave the stock a "market perform" rating in a report on Tuesday, August 11th. Weiss Ratings lowered shares of Primerica from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Jefferies Financial Group raised their price target on Primerica from $266.00 to $268.00 and gave the stock a "hold" rating in a report on Friday, July 10th. Finally, Truist Financial reiterated a "hold" rating and set a $320.00 price objective (down from $370.00) on shares of Primerica in a research note on Thursday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Primerica presently has an average rating of "Hold" and a consensus target price of $315.57.

Primerica Stock Down 0.5%

Shares of NYSE PRI opened at $289.86 on Friday. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 11.64 and a beta of 0.87. The company's 50-day simple moving average is $304.77 and its 200-day simple moving average is $278.97. Primerica, Inc. has a 52-week low of $230.09 and a 52-week high of $327.28.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.38. Primerica had a net margin of 23.20% and a return on equity of 32.45%. The firm had revenue of $865.07 million during the quarter, compared to the consensus estimate of $881.00 million. During the same quarter in the prior year, the firm earned $5.46 EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Primerica, Inc. will post 25.09 EPS for the current fiscal year.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 21st. Primerica's payout ratio is presently 19.28%.

Insider Activity at Primerica

In other news, Director Amber Lynne Cottle sold 279 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $313.63, for a total value of $87,502.77. Following the completion of the sale, the director directly owned 3,549 shares in the company, valued at $1,113,072.87. This represents a 7.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Peter W. Schneider sold 1,800 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $312.65, for a total transaction of $562,770.00. Following the transaction, the president owned 8,011 shares in the company, valued at $2,504,639.15. The trade was a 18.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 5,079 shares of company stock valued at $1,551,308. 0.63% of the stock is owned by insiders.

Primerica Company Profile

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica's core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.

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