Copeland Capital Management LLC Sells 5,636 Shares of Primerica, Inc. $PRI

Key Points

• Copeland Capital Management LLC reduced its Primerica stake by 5.8% in Q4, selling 5,636 shares and retaining 91,164 shares valued at about $23.55 million (≈0.29% ownership).
• Primerica beat Q4 expectations with $6.13 EPS vs. $5.69 est. and $853.5M revenue (up 8.3% YoY), and the company raised its quarterly dividend to $1.20 ($4.80 annual, 1.7% yield).
• Corporate insiders trimmed holdings recently: CEO Glenn J. Williams sold 2,500 shares and President Peter W. Schneider sold 1,800 shares, reducing their ownership stakes.

Copeland Capital Management LLC lessened its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 91,164 shares of the financial services provider's stock after selling 5,636 shares during the period. Copeland Capital Management LLC owned 0.29% of Primerica worth $23,553,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Primerica by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 613,329 shares of the financial services provider's stock valued at $170,248,000 after purchasing an additional 2,525 shares during the period. First Trust Advisors LP grew its holdings in Primerica by 12.4% during the third quarter. First Trust Advisors LP now owns 492,083 shares of the financial services provider's stock valued at $136,597,000 after purchasing an additional 54,158 shares during the period. AQR Capital Management LLC grew its holdings in Primerica by 25.5% during the third quarter. AQR Capital Management LLC now owns 347,531 shares of the financial services provider's stock valued at $96,089,000 after purchasing an additional 70,510 shares during the period. Westfield Capital Management Co. LP grew its holdings in Primerica by 2.6% during the third quarter. Westfield Capital Management Co. LP now owns 256,774 shares of the financial services provider's stock valued at $71,278,000 after purchasing an additional 6,623 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Primerica by 17.3% during the fourth quarter. Nordea Investment Management AB now owns 216,312 shares of the financial services provider's stock valued at $56,150,000 after purchasing an additional 31,876 shares during the period. Institutional investors own 90.88% of the company's stock.

Primerica Stock Down 0.5%

NYSE PRI opened at $280.72 on Friday. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 12.24 and a beta of 0.90. The business has a 50-day moving average price of $257.98 and a 200-day moving average price of $259.85. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $288.03.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $6.13 earnings per share for the quarter, topping analysts' consensus estimates of $5.69 by $0.44. The firm had revenue of $853.51 million during the quarter, compared to analyst estimates of $839.65 million. Primerica had a return on equity of 32.30% and a net margin of 22.82%.The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.03 earnings per share. Research analysts expect that Primerica, Inc. will post 23.84 EPS for the current fiscal year.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, February 23rd were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Primerica's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Monday, February 23rd. Primerica's dividend payout ratio is currently 20.93%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen reissued a "buy" rating on shares of Primerica in a report on Wednesday, January 28th. Morgan Stanley cut their price target on Primerica from $292.00 to $285.00 and set an "equal weight" rating for the company in a report on Tuesday, March 3rd. Zacks Research lowered Primerica from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Weiss Ratings raised Primerica from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 6th. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating and issued a $290.00 price objective on shares of Primerica in a research note on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $293.60.

Insider Transactions at Primerica

In related news, CEO Glenn J. Williams sold 2,500 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $256.41, for a total value of $641,025.00. Following the sale, the chief executive officer directly owned 27,392 shares in the company, valued at approximately $7,023,582.72. The trade was a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Peter W. Schneider sold 1,800 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $252.38, for a total value of $454,284.00. Following the completion of the sale, the president owned 11,611 shares in the company, valued at $2,930,384.18. This represents a 13.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.63% of the company's stock.

Primerica Company 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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