Edgestream Partners L.P. Has $7.93 Million Holdings in Primerica, Inc. (NYSE:PRI)

Edgestream Partners L.P. raised its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 41.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,854 shares of the financial services provider's stock after acquiring an additional 8,109 shares during the quarter. Edgestream Partners L.P. owned about 0.08% of Primerica worth $7,925,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Mariner LLC raised its holdings in Primerica by 1.4% in the 4th quarter. Mariner LLC now owns 2,611 shares of the financial services provider's stock valued at $709,000 after acquiring an additional 36 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Primerica by 1.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,095 shares of the financial services provider's stock worth $881,000 after purchasing an additional 44 shares in the last quarter. Xponance Inc. grew its position in shares of Primerica by 1.2% during the 1st quarter. Xponance Inc. now owns 3,945 shares of the financial services provider's stock worth $1,122,000 after purchasing an additional 47 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Primerica by 15.3% during the 1st quarter. TD Private Client Wealth LLC now owns 421 shares of the financial services provider's stock worth $120,000 after purchasing an additional 56 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Primerica by 26.9% during the 1st quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $87,000 after purchasing an additional 65 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PRI. Keefe, Bruyette & Woods decreased their target price on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley increased their target price 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 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 MarketBeat.com, Primerica currently has a consensus rating of "Hold" and an average target price of $308.00.

Primerica Price Performance

NYSE:PRI traded down $5.01 during mid-day trading on Tuesday, reaching $260.30. The stock had a trading volume of 143,305 shares, compared to its average volume of 156,883. The stock has a 50-day simple moving average of $268.59 and a two-hundred day simple moving average of $274.08. The stock has a market capitalization of $8.61 billion, a PE ratio of 17.51 and a beta of 0.98. 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 business had revenue of $803.56 million for 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 firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $3.91 earnings per share. Equities analysts expect that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a dividend of $1.04 per share. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 annualized dividend and a dividend yield of 1.60%. Primerica's dividend payout ratio (DPR) is presently 27.98%.

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.