Crossmark Global Holdings Inc. Boosts Stake in Primerica, Inc. (NYSE:PRI)

Crossmark Global Holdings Inc. grew its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 46.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,532 shares of the financial services provider's stock after purchasing an additional 3,354 shares during the period. Crossmark Global Holdings Inc.'s holdings in Primerica were worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in shares of Primerica by 59.4% during the fourth quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock valued at $30,323,000 after purchasing an additional 41,612 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Primerica by 11.4% during the fourth quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider's stock valued at $31,840,000 after purchasing an additional 11,996 shares during the period. World Investment Advisors acquired a new position in shares of Primerica during the fourth quarter valued at about $1,343,000. Amundi acquired a new position in shares of Primerica during the fourth quarter valued at about $7,868,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Primerica by 14.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,901 shares of the financial services provider's stock valued at $4,859,000 after purchasing an additional 2,262 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Trading Down 1.1%

NYSE PRI traded down $3.11 during trading hours on Wednesday, hitting $269.62. The company's stock had a trading volume of 154,254 shares, compared to its average volume of 155,481. Primerica, Inc. has a 52 week low of $230.98 and a 52 week high of $307.91. The company has a market capitalization of $8.92 billion, a PE ratio of 18.13 and a beta of 0.98. The company's 50-day simple moving average is $268.23 and its two-hundred day simple moving average is $274.19.

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

Primerica Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.54%. Primerica's dividend payout ratio (DPR) is 27.98%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PRI shares. Keefe, Bruyette & Woods dropped their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley raised their price target on shares of Primerica from $274.00 to $296.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $308.00.

Primerica Company 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.