California State Teachers Retirement System Sells 1,113 Shares of Primerica, Inc. (NYSE:PRI)

California State Teachers Retirement System lowered its position in Primerica, Inc. (NYSE:PRI - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,646 shares of the financial services provider's stock after selling 1,113 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Primerica worth $8,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Colonial Trust Co SC bought a new stake in shares of Primerica in the fourth quarter valued at approximately $25,000. True Wealth Design LLC acquired a new position in Primerica in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Primerica in the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its position in shares of Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after purchasing an additional 71 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in Primerica by 116.2% during the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after purchasing an additional 115 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Stock Performance

Shares of NYSE PRI traded down $4.10 during trading on Wednesday, hitting $268.39. 115,221 shares of the company were exchanged, compared to its average volume of 156,517. The firm has a market capitalization of $8.88 billion, a PE ratio of 19.52 and a beta of 1.02. The company has a fifty day moving average price of $265.09 and a 200-day moving average price of $278.41. Primerica, Inc. has a 12-month low of $219.52 and a 12-month high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, topping analysts' consensus estimates of $4.77 by $0.25. The company had revenue of $803.56 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $3.91 EPS. Research analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 1.55%. Primerica's dividend payout ratio is currently 27.98%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods decreased their price target on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley raised their price target on shares of Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $308.00.

Primerica 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.