B. Metzler seel. Sohn & Co. AG Purchases New Stake in Primerica, Inc. $PRI

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 16,607 Primerica shares worth approximately $4.72 million, joining several other institutions that initiated positions during the second quarter. Institutional investors collectively own 90.88% of the company.
• Primerica’s latest quarterly results exceeded earnings expectations, with EPS of $6.41 versus the $6.03 consensus estimate. Revenue rose 9% year over year to $865.1 million, though it came in below forecasts.
• Analysts maintain a consensus “Hold” rating with an average price target of $310.67, while Primerica declared a quarterly dividend of $1.20, equivalent to a 1.6% annualized yield.

B. Metzler seel. Sohn & Co. AG acquired a new stake in Primerica, Inc. (NYSE:PRI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,607 shares of the financial services provider's stock, valued at approximately $4,720,000. B. Metzler seel. Sohn & Co. AG owned 0.05% of Primerica at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Preferred LLC purchased a new stake in Primerica in the 2nd quarter worth approximately $406,000. Vise Technologies Inc. purchased a new position in shares of Primerica during the second quarter valued at approximately $1,525,000. NewEdge Wealth LLC purchased a new position in shares of Primerica during the second quarter valued at approximately $4,360,000. Great Lakes Advisors LLC bought a new position in Primerica in the 2nd quarter worth $1,269,000. Finally, Danske Bank A S purchased a new stake in shares of Primerica in the 2nd quarter worth about $4,312,000. 90.88% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Glenn J. Williams sold 1,500 shares of Primerica stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $320.20, for a total transaction of $480,300.00. Following the sale, the chief executive officer owned 32,196 shares of the company's stock, valued at approximately $10,309,159.20. This trade represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $312.65, for a total value of $562,770.00. Following the completion of the transaction, the president directly owned 8,011 shares in the company, valued at approximately $2,504,639.15. This represents a 18.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,079 shares of company stock worth $1,551,308 in the last three months. Company insiders own 0.63% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PRI. Morgan Stanley boosted their price target on shares of Primerica from $280.00 to $291.00 and gave the company an "equal weight" rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods increased their target price on Primerica from $323.00 to $335.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 11th. Weiss Ratings downgraded Primerica from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Jefferies Financial Group raised their price objective on Primerica from $266.00 to $268.00 and gave the company a "hold" rating in a research report on Friday, July 10th. Finally, TD Cowen lifted their price target on shares of Primerica from $322.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $310.67.

Primerica Stock Performance

NYSE PRI opened at $294.95 on Friday. The business's fifty day moving average is $303.34 and its 200 day moving average is $278.03. Primerica, Inc. has a fifty-two week low of $230.09 and a fifty-two week high of $327.28. The company has a market capitalization of $9.08 billion, a PE ratio of 11.85 and a beta of 0.87.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $6.41 EPS for the quarter, topping analysts' consensus estimates of $6.03 by $0.38. The business had revenue of $865.07 million during the quarter, compared to analysts' expectations of $881.00 million. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.46 earnings per share. On average, sell-side analysts forecast that Primerica, Inc. will post 25.02 EPS for the current year.

Primerica Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Primerica's dividend payout ratio is 19.28%.

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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