BlackRock Inc. acquired a new position in shares of Primerica, Inc. (NYSE:PRI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,984,379 shares of the financial services provider's stock, valued at approximately $848,161,000. BlackRock Inc. owned approximately 9.57% of Primerica as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in PRI. M&T Bank Corp grew its holdings in Primerica by 1,155.8% during the 4th quarter. M&T Bank Corp now owns 32,137 shares of the financial services provider's stock worth $8,303,000 after acquiring an additional 29,578 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Primerica during the fourth quarter worth approximately $23,767,000. KBC Group NV lifted its position in shares of Primerica by 2,664.8% during the first quarter. KBC Group NV now owns 24,496 shares of the financial services provider's stock worth $6,136,000 after purchasing an additional 23,610 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Primerica in the fourth quarter valued at approximately $2,289,000. Finally, Oxbow Advisors LLC acquired a new stake in shares of Primerica in the fourth quarter valued at approximately $3,170,000. 90.88% of the stock is owned by institutional investors and hedge funds.
Primerica Stock Down 1.0%
NYSE:PRI opened at $294.95 on Friday. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $327.28. The business has a 50 day moving average price of $303.34 and a two-hundred day moving average price of $278.03. The company has a market cap of $9.08 billion, a P/E ratio of 11.85 and a beta of 0.87.
Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.03 by $0.38. The company had revenue of $865.07 million for 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 revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.46 EPS. As a group, analysts anticipate that Primerica, Inc. will post 25.02 earnings per share for the current fiscal year.
Primerica Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st. Primerica's dividend payout ratio is currently 19.28%.
Insider Buying and Selling at Primerica
In other news, CEO Glenn J. Williams sold 1,500 shares of the 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 transaction, the chief executive officer owned 32,196 shares in the company, valued at approximately $10,309,159.20. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Primerica stock in a transaction 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 sale, the president directly owned 8,011 shares of the company's stock, valued at $2,504,639.15. This represents a 18.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,079 shares of company stock valued at $1,551,308 in the last three months. 0.63% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
PRI has been the topic of several recent research reports. TD Cowen raised their price target on Primerica from $322.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of Primerica from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Jefferies Financial Group raised their price target on Primerica from $266.00 to $268.00 and gave the stock a "hold" rating in a research report on Friday, July 10th. Morgan Stanley lifted their price objective on Primerica from $280.00 to $291.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 21st. Finally, Keefe, Bruyette & Woods upped their price objective on Primerica from $323.00 to $335.00 and gave the company a "market perform" rating in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $310.67.
Check Out Our Latest Analysis on Primerica
About Primerica
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding PRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Primerica, Inc. (NYSE:PRI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Primerica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Primerica wasn't on the list.
While Primerica currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
