B. Metzler seel. Sohn & Co. AG Cuts Holdings in Primerica, Inc. $PRI

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Primerica, Inc. by 25.2%, selling 3,533 shares and ending the quarter with 10,460 shares valued at approximately $2.98 million.
• Primerica reported earnings of $5.46 EPS, surpassing analysts' expectations, with revenue totaling $796.02 million for the quarter.
• The company declared a quarterly dividend of $1.04 per share, reflecting an annualized dividend yield of 1.6%.

B. Metzler seel. Sohn & Co. AG reduced its position in Primerica, Inc. (NYSE:PRI - Free Report) by 25.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,460 shares of the financial services provider's stock after selling 3,533 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Primerica were worth $2,976,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Colonial Trust Co SC purchased a new position in shares of Primerica in the 4th quarter valued at approximately $25,000. True Wealth Design LLC acquired a new position in shares of Primerica during the fourth quarter worth about $27,000. Headlands Technologies LLC raised its holdings in Primerica by 2,300.0% during the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock worth $48,000 after purchasing an additional 161 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Primerica in the first quarter valued at about $64,000. Finally, Golden State Wealth Management LLC boosted its holdings in Primerica by 105.7% in the 1st quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 130 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Primerica Trading Down 1.2%

Shares of PRI stock traded down $3.23 during trading hours on Tuesday, hitting $266.12. The company's stock had a trading volume of 67,427 shares, compared to its average volume of 168,734. The business has a fifty day moving average of $266.53 and a 200-day moving average of $269.14. Primerica, Inc. has a twelve month low of $230.98 and a twelve month high of $307.91. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 13.14 and a beta of 1.00.

Primerica (NYSE:PRI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $5.46 EPS for the quarter, beating 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 firm had revenue of $796.02 million for the quarter, compared to analysts' expectations of $790.99 million. During the same quarter in the prior year, the firm earned $4.71 EPS. Primerica's quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts expect that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 22nd will be given a dividend of $1.04 per share. The ex-dividend date is Friday, August 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.6%. Primerica's dividend payout ratio (DPR) is 20.55%.

Insider Activity at Primerica

In related news, CEO Glenn J. Williams sold 2,500 shares of the company's stock in a transaction on 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 directly owned 36,392 shares in the company, valued at approximately $9,541,982.40. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PRI has been the subject of a number of analyst reports. Morgan Stanley increased their target price on Primerica from $292.00 to $308.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Jefferies Financial Group cut their price objective on Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $315.29.

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.