Aptus Capital Advisors LLC Has $11.60 Million Position in Primerica, Inc. $PRI

Key Points

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Aptus Capital Advisors LLC boosted its position in Primerica, Inc. (NYSE:PRI - Free Report) by 13.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,779 shares of the financial services provider's stock after purchasing an additional 4,752 shares during the quarter. Aptus Capital Advisors LLC owned about 0.12% of Primerica worth $11,603,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Primerica in the 1st quarter valued at $64,000. Burgundy Asset Management Ltd. boosted its stake in Primerica by 1.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,310,019 shares of the financial services provider's stock valued at $372,740,000 after purchasing an additional 21,546 shares during the period. Algert Global LLC boosted its stake in Primerica by 100.7% in the 1st quarter. Algert Global LLC now owns 24,301 shares of the financial services provider's stock valued at $6,914,000 after purchasing an additional 12,190 shares during the period. Cresset Asset Management LLC boosted its stake in Primerica by 43.0% in the 1st quarter. Cresset Asset Management LLC now owns 1,284 shares of the financial services provider's stock valued at $365,000 after purchasing an additional 386 shares during the period. Finally, American Century Companies Inc. boosted its stake in Primerica by 20.1% in the 1st quarter. American Century Companies Inc. now owns 94,670 shares of the financial services provider's stock valued at $26,936,000 after purchasing an additional 15,841 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Primerica

In other Primerica news, CEO Glenn J. Williams sold 2,500 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total value of $655,500.00. Following the completion of the transaction, the chief executive officer owned 36,392 shares of the company's stock, valued at $9,541,982.40. This represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by insiders.

Primerica Stock Performance

Shares of Primerica stock traded up $4.8760 during trading on Friday, reaching $269.9860. 144,979 shares of the company's stock were exchanged, compared to its average volume of 163,886. Primerica, Inc. has a 1-year low of $230.98 and a 1-year high of $307.91. The company has a market cap of $8.74 billion, a P/E ratio of 13.34 and a beta of 0.99. The firm's 50-day moving average price is $265.62 and its 200 day moving average price is $270.31.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $5.46 EPS for the quarter, topping analysts' consensus estimates of $5.18 by $0.28. Primerica had a return on equity of 32.42% and a net margin of 21.48%.The company had revenue of $796.02 million during the quarter, compared to analysts' expectations of $790.99 million. During the same quarter in the previous year, the firm earned $4.71 EPS. Primerica's revenue was up .3% on a year-over-year basis. As a group, equities research analysts predict that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 22nd will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 22nd. Primerica's dividend payout ratio is presently 20.55%.

Analyst Ratings Changes

Several equities analysts have weighed in on PRI shares. Keefe, Bruyette & Woods lifted their price objective on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a report on Monday, August 11th. Jefferies Financial Group dropped their price objective on Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a report on Monday, August 11th. Finally, Morgan Stanley lifted their price objective on Primerica from $292.00 to $308.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Primerica currently has a consensus rating of "Hold" and a consensus target price of $315.29.

About Primerica

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.