B. Metzler seel. Sohn & Co. AG Increases Stock Position in Primerica, Inc. $PRI

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Primerica by 58.8% in Q4 to 16,607 shares (about $4.29M), and institutional investors collectively own roughly 90.88% of the company.
• Company insiders have been selling: President Peter W. Schneider sold 1,800 shares and CEO Glenn J. Williams sold 2,500 shares, leaving insiders with about 0.63% ownership.
• Primerica posted strong quarterly results—EPS $6.13 vs. $5.69 expected and revenue of $853.5M (up 8.3% YoY)—and raised its quarterly dividend to $1.20 (annualized $4.80, ~1.7% yield).

B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 58.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,607 shares of the financial services provider's stock after acquiring an additional 6,147 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.05% of Primerica worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PRI. Integrated Wealth Concepts LLC grew its position in shares of Primerica by 20.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,142 shares of the financial services provider's stock valued at $609,000 after buying an additional 366 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Primerica by 27.7% during the first quarter. Goldman Sachs Group Inc. now owns 129,666 shares of the financial services provider's stock valued at $36,894,000 after purchasing an additional 28,129 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Primerica in the 1st quarter valued at approximately $1,763,000. Focus Partners Wealth lifted its position in shares of Primerica by 17.5% in the 1st quarter. Focus Partners Wealth now owns 1,398 shares of the financial services provider's stock valued at $398,000 after acquiring an additional 208 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Primerica by 205.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the financial services provider's stock valued at $75,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Primerica

In related news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $252.38, for a total transaction of $454,284.00. Following the sale, the president directly owned 11,611 shares in the company, valued at $2,930,384.18. This trade represents a 13.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn J. Williams sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $256.41, for a total transaction of $641,025.00. Following the transaction, the chief executive officer owned 27,392 shares of the company's stock, valued at approximately $7,023,582.72. The trade was a 8.36% decrease in their position. The SEC filing for this sale provides additional information. 0.63% of the stock is owned by company insiders.

Primerica Stock Down 0.1%

Shares of Primerica stock opened at $280.42 on Friday. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 12.23 and a beta of 0.90. Primerica, Inc. has a 12-month low of $230.09 and a 12-month high of $288.03. The firm's 50-day moving average price is $258.57 and its two-hundred day moving average price is $259.87.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.69 by $0.44. Primerica had a net margin of 22.82% and a return on equity of 32.30%. The firm had revenue of $853.51 million for the quarter, compared to the consensus estimate of $839.65 million. During the same period in the prior year, the company posted $5.03 earnings per share. The business's revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts expect that Primerica, Inc. will post 23.84 earnings per share for the current year.

Primerica Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, February 23rd were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, February 23rd. This is an increase from Primerica's previous quarterly dividend of $1.04. Primerica's dividend payout ratio is 20.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Zacks Research lowered shares of Primerica from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded shares of Primerica from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 6th. Morgan Stanley reduced their price target on shares of Primerica from $292.00 to $285.00 and set an "equal weight" rating for the company in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods restated a "hold" rating and set a $290.00 target price on shares of Primerica in a report on Thursday, March 26th. Finally, TD Cowen restated a "buy" rating on shares of Primerica in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Primerica currently has an average rating of "Hold" and an average price target of $293.60.

Primerica 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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