Crossmark Global Holdings Inc. Acquires 3,354 Shares of Primerica, Inc. (NYSE:PRI)

Crossmark Global Holdings Inc. increased its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 46.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,532 shares of the financial services provider's stock after purchasing an additional 3,354 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Primerica were worth $2,997,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Burgundy Asset Management Ltd. boosted its holdings in Primerica by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,288,473 shares of the financial services provider's stock worth $349,717,000 after purchasing an additional 21,208 shares during the last quarter. Geode Capital Management LLC lifted its stake in Primerica by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider's stock valued at $211,691,000 after acquiring an additional 82,921 shares during the last quarter. GAMMA Investing LLC lifted its stake in Primerica by 39,199.5% in the first quarter. GAMMA Investing LLC now owns 443,298 shares of the financial services provider's stock valued at $126,132,000 after acquiring an additional 442,170 shares during the last quarter. Northern Trust Corp lifted its stake in Primerica by 15.6% in the fourth quarter. Northern Trust Corp now owns 347,040 shares of the financial services provider's stock valued at $94,194,000 after acquiring an additional 46,935 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Primerica by 1.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 230,736 shares of the financial services provider's stock valued at $62,626,000 after acquiring an additional 2,905 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Trading Down 1.4%

PRI stock traded down $3.81 during mid-day trading on Friday, hitting $263.53. The stock had a trading volume of 167,629 shares, compared to its average volume of 156,263. The firm has a fifty day simple moving average of $268.54 and a 200 day simple moving average of $274.08. Primerica, Inc. has a 52 week low of $230.98 and a 52 week high of $307.91. The firm has a market capitalization of $8.72 billion, a P/E ratio of 17.72 and a beta of 0.98.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. Primerica had a net margin of 15.82% and a return on equity of 32.30%. The company had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. During the same period last year, the company posted $3.91 EPS. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.58%. Primerica's dividend payout ratio is presently 27.98%.

Analyst Upgrades and Downgrades

PRI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. 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 research report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Primerica has an average rating of "Hold" and an average price target 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.