Fiduciary Management Inc. WI Grows Stock Holdings in Primerica, Inc. $PRI

Key Points

• Fiduciary Management Inc. WI has increased its stake in Primerica, Inc. by 2.8%, owning a total of 490,923 shares valued at approximately $139.68 million.
• CEO Glenn J. Williams sold 2,500 shares at $262.20 each, decreasing his ownership by 6.43%, while insiders overall hold 0.61% of the company.
• Primerica has recently announced a quarterly dividend of $1.04 per share, resulting in an annualized yield of 1.6% and a dividend payout ratio of 20.55%.

Fiduciary Management Inc. WI raised its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,923 shares of the financial services provider's stock after buying an additional 13,402 shares during the period. Fiduciary Management Inc. WI owned about 1.48% of Primerica worth $139,682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new stake in Primerica in the fourth quarter valued at $25,000. True Wealth Design LLC acquired a new stake in Primerica in the fourth quarter valued at $27,000. Headlands Technologies LLC raised its stake in Primerica by 2,300.0% in the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock valued at $48,000 after buying an additional 161 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Primerica in the first quarter valued at $64,000. Finally, Golden State Wealth Management LLC raised its stake in Primerica by 105.7% in the first quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock valued at $72,000 after buying an additional 130 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Price Performance

Shares of PRI traded up $1.35 during midday trading on Tuesday, reaching $267.92. 128,212 shares of the stock were exchanged, compared to its average volume of 169,491. The business's 50-day moving average price is $265.74 and its 200 day moving average price is $269.74. Primerica, Inc. has a twelve month low of $230.98 and a twelve month high of $307.91. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 13.24 and a beta of 0.99.

Primerica (NYSE:PRI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $5.46 EPS for the quarter, topping analysts' consensus estimates of $5.18 by $0.28. Primerica had a return on equity of 32.42% and a net margin of 21.48%.The business had revenue of $796.02 million for the quarter, compared to analysts' expectations of $790.99 million. During the same quarter in the previous year, the firm earned $4.71 earnings per share. The business's revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 22nd will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.6%. Primerica's dividend payout ratio (DPR) is currently 20.55%.

Insider Activity

In related news, CEO Glenn J. Williams sold 2,500 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total transaction of $655,500.00. Following the transaction, the chief executive officer owned 36,392 shares of the company's stock, valued at $9,541,982.40. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PRI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. Jefferies Financial Group cut their price target on Primerica from $293.00 to $283.00 and set a "hold" rating on the stock in a research note on Monday, August 11th. Finally, Morgan Stanley lifted their target price on Primerica from $292.00 to $308.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Primerica presently has an average rating of "Hold" and an average price target of $315.29.

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.