Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.48 Million Investment in Primerica, Inc. (NYSE:PRI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 8,714 shares of Primerica, Inc., valued at approximately $2.48 million, increasing the company's institutional ownership to 90.88%.
• Primerica reported a quarterly earnings per share (EPS) of $5.02, surpassing estimates by $0.25, and showed an 8.3% increase in revenue year-over-year.
• The company recently announced a quarterly dividend of $1.04, with an annualized dividend yield of 1.56% and a dividend payout ratio of 27.98%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Primerica, Inc. (NYSE:PRI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,714 shares of the financial services provider's stock, valued at approximately $2,479,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRI. Colonial Trust Co SC purchased a new position in shares of Primerica in the 4th quarter worth approximately $25,000. True Wealth Design LLC purchased a new position in shares of Primerica in the 4th quarter worth approximately $27,000. Bessemer Group Inc. boosted its stake in shares of Primerica by 182.2% in the 4th quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after buying an additional 164 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Primerica by 105.7% in the 1st quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock worth $72,000 after buying an additional 130 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Primerica by 26.9% in the 1st quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $87,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley boosted their target price on Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $317.83.

Primerica Stock Down 2.3%

Primerica stock traded down $6.18 during trading on Friday, hitting $259.45. The stock had a trading volume of 148,378 shares, compared to its average volume of 152,564. Primerica, Inc. has a 1 year low of $230.98 and a 1 year high of $307.91. The stock's 50 day moving average is $266.50 and its two-hundred day moving average is $273.12. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 17.45 and a beta of 0.99.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, beating the consensus estimate of $4.77 by $0.25. Primerica had a return on equity of 32.30% and a net margin of 15.82%. The business had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. During the same quarter in the prior year, the business earned $3.91 earnings per share. Primerica's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts anticipate that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a dividend of $1.04 per share. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 annualized dividend and a dividend yield of 1.6%. Primerica's dividend payout ratio is currently 27.98%.

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.