Primerica, Inc. (NYSE:PRI) Stake Lifted by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. boosted its position in Primerica, Inc. (NYSE:PRI - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,288,473 shares of the financial services provider's stock after acquiring an additional 21,208 shares during the quarter. Primerica accounts for about 3.5% of Burgundy Asset Management Ltd.'s holdings, making the stock its 2nd biggest holding. Burgundy Asset Management Ltd. owned 3.86% of Primerica worth $349,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRI. Barclays PLC boosted its position in shares of Primerica by 108.1% during the 3rd quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock worth $5,428,000 after acquiring an additional 10,635 shares in the last quarter. HB Wealth Management LLC increased its stake in Primerica by 20.6% in the fourth quarter. HB Wealth Management LLC now owns 2,050 shares of the financial services provider's stock valued at $556,000 after purchasing an additional 350 shares during the last quarter. UMB Bank n.a. increased its stake in Primerica by 65.5% in the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 95 shares during the last quarter. Ballentine Partners LLC raised its holdings in Primerica by 10.9% during the fourth quarter. Ballentine Partners LLC now owns 899 shares of the financial services provider's stock worth $244,000 after purchasing an additional 88 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Primerica by 53.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,178 shares of the financial services provider's stock worth $1,948,000 after buying an additional 2,498 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling

In other news, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the sale, the insider now owns 200 shares in the company, valued at approximately $56,030. The trade was a 53.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Peter W. Schneider sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total transaction of $565,800.00. Following the completion of the transaction, the president now owns 13,301 shares in the company, valued at $3,762,852.90. The trade was a 13.07% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on PRI shares. Keefe, Bruyette & Woods cut their price target on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen lowered Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Morgan Stanley boosted their target price 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $308.00.

Primerica Trading Down 0.9%

Shares of NYSE PRI traded down $2.40 during midday trading on Wednesday, reaching $270.12. 31,466 shares of the stock were exchanged, compared to its average volume of 157,050. Primerica, Inc. has a 52-week low of $219.52 and a 52-week high of $307.91. The stock has a 50 day moving average price of $267.30 and a 200-day moving average price of $279.50. The company has a market capitalization of $8.94 billion, a P/E ratio of 19.65 and a beta of 1.02.

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 the consensus estimate of $4.77 by $0.25. The firm had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.91 earnings per share. On average, analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.54%. Primerica's payout ratio is 27.98%.

About Primerica

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.