Cwm LLC Has $582,000 Holdings in Primerica, Inc. $PRI

Key Points

• Cwm LLC cut its stake in Primerica by 65.8% in Q4, selling 4,335 shares and ending the quarter with 2,253 shares worth $582,000, while institutional investors own about 90.88% of the stock.
• Primerica beat quarterly expectations, reporting $6.13 EPS versus $5.69 expected and revenue of $853.5M (up 8.3% YoY), with a 32.3% return on equity and a 22.82% net margin.
• Company insiders sold shares recently (CEO Glenn J. Williams sold 2,500 shares for ~$641K; President Peter W. Schneider sold 1,800 shares for ~$454K) even as Primerica raised its quarterly dividend to $1.20 ($4.80 annualized, 1.7% yield).

Cwm LLC cut its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 65.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,253 shares of the financial services provider's stock after selling 4,335 shares during the quarter. Cwm LLC's holdings in Primerica were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Orion Porfolio Solutions LLC boosted its position in Primerica by 1.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider's stock worth $1,058,000 after acquiring an additional 45 shares during the period. Ascent Group LLC boosted its position in Primerica by 6.5% during the 3rd quarter. Ascent Group LLC now owns 836 shares of the financial services provider's stock worth $232,000 after acquiring an additional 51 shares during the period. Vident Advisory LLC boosted its position in Primerica by 3.2% during the 2nd quarter. Vident Advisory LLC now owns 1,776 shares of the financial services provider's stock worth $486,000 after acquiring an additional 55 shares during the period. NewEdge Wealth LLC raised its stake in shares of Primerica by 0.3% during the 3rd quarter. NewEdge Wealth LLC now owns 17,941 shares of the financial services provider's stock worth $4,580,000 after purchasing an additional 60 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Primerica by 24.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 327 shares of the financial services provider's stock worth $89,000 after purchasing an additional 64 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Price Performance

PRI opened at $281.07 on Friday. Primerica, Inc. has a fifty-two week low of $230.09 and a fifty-two week high of $288.03. The business has a 50-day moving average of $260.45 and a 200-day moving average of $260.17. The company has a market capitalization of $8.90 billion, a PE ratio of 12.26 and a beta of 0.90.

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

Primerica Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors 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%. The ex-dividend date of this dividend was Monday, February 23rd. This is a positive change from Primerica's previous quarterly dividend of $1.04. Primerica's dividend payout ratio (DPR) is 20.93%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PRI. Zacks Research downgraded Primerica from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. TD Cowen reaffirmed a "buy" rating on shares of Primerica in a research note 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 research note on Tuesday, March 3rd. 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 set a $290.00 price target 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 given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $293.60.

About Primerica

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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