Artemis Investment Management LLP Buys 26,312 Shares of Primerica, Inc. (NYSE:PRI)

Artemis Investment Management LLP lifted its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 136.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,604 shares of the financial services provider's stock after purchasing an additional 26,312 shares during the period. Artemis Investment Management LLP owned 0.14% of Primerica worth $12,976,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PRI. Colonial Trust Co SC bought a new position in Primerica during the fourth quarter valued at about $25,000. True Wealth Design LLC bought a new stake in shares of Primerica during the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Primerica by 129.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 71 shares in the last quarter. Bessemer Group Inc. lifted its position in Primerica by 182.2% in the fourth quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after purchasing an additional 164 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in Primerica by 105.7% during the first 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 in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Primerica Trading Up 1.6%

Shares of PRI traded up $4.30 during mid-day trading on Tuesday, hitting $277.97. 173,286 shares of the company traded hands, compared to its average volume of 154,940. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 18.66 and a beta of 0.99. The business has a 50-day moving average of $266.48 and a 200 day moving average of $274.08. Primerica, Inc. has a one year low of $230.98 and a one year high of $307.91.

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

Primerica Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, May 22nd. Primerica's dividend payout ratio (DPR) is presently 27.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PRI shares. Keefe, Bruyette & Woods reduced their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lifted their price objective on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Primerica currently has an average 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.