Cwm LLC Boosts Stake in Primerica, Inc. (NYSE:PRI)

CWM LLC increased its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 57.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,092 shares of the financial services provider's stock after acquiring an additional 1,857 shares during the period. CWM LLC's holdings in Primerica were worth $1,449,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Burgundy Asset Management Ltd. boosted its position in Primerica by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,288,473 shares of the financial services provider's stock valued at $349,717,000 after buying an additional 21,208 shares during the last quarter. Geode Capital Management LLC increased 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 purchasing an additional 82,921 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Primerica by 39,199.5% during the first quarter. GAMMA Investing LLC now owns 443,298 shares of the financial services provider's stock worth $126,132,000 after purchasing an additional 442,170 shares during the last quarter. Northern Trust Corp raised its stake in Primerica by 15.6% in the 4th quarter. Northern Trust Corp now owns 347,040 shares of the financial services provider's stock worth $94,194,000 after purchasing an additional 46,935 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Primerica by 1.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 230,736 shares of the financial services provider's stock valued at $62,626,000 after purchasing an additional 2,905 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PRI shares. Keefe, Bruyette & Woods lowered their target price on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lifted their price objective 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $317.83.

Primerica Price Performance

Shares of NYSE PRI traded down $0.84 during mid-day trading on Thursday, hitting $266.70. The company had a trading volume of 18,317 shares, compared to its average volume of 169,835. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 17.93 and a beta of 0.98. The firm's 50 day simple moving average is $267.96 and its two-hundred day simple moving average is $273.72. Primerica, Inc. has a 12 month low of $230.98 and a 12 month high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, beating 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 net margin of 15.82% and a return on equity of 32.30%. The business's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 EPS. Equities analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors 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 1.56%. Primerica's dividend payout ratio (DPR) is currently 27.98%.

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.