Fuller & Thaler Asset Management Inc. Increases Position in Primerica, Inc. $PRI

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Primerica, Inc. by 14.3%, acquiring an additional 33,055 shares to hold a total of 263,791 shares valued at approximately $75 million.
• CEO Glenn J. Williams sold 2,500 shares of Primerica stock for $655,500, representing a 6.43% decrease in his position.
• Primerica announced a quarterly dividend of $1.04 per share, with a yield of 1.6%, to be paid on September 15th to investors recorded on August 22nd.

Fuller & Thaler Asset Management Inc. lifted its position in Primerica, Inc. (NYSE:PRI - Free Report) by 14.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,791 shares of the financial services provider's stock after purchasing an additional 33,055 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.80% of Primerica worth $75,056,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC purchased a new position in shares of Primerica during the fourth quarter valued at $25,000. True Wealth Design LLC purchased a new position in Primerica during the 4th quarter valued at about $27,000. Headlands Technologies LLC increased its position in Primerica by 2,300.0% during the 1st quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 161 shares during the period. Summit Securities Group LLC bought a new stake in shares of Primerica in the 1st quarter valued at about $64,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Primerica by 105.7% in the 1st quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock worth $72,000 after purchasing an additional 130 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Primerica Stock Performance

NYSE:PRI traded up $4.8760 during midday trading on Friday, reaching $269.9860. 144,979 shares of the stock traded hands, compared to its average volume of 163,886. Primerica, Inc. has a 12-month low of $230.98 and a 12-month high of $307.91. The business has a 50-day moving average of $265.62 and a two-hundred day moving average of $270.31. The stock has a market capitalization of $8.74 billion, a PE ratio of 13.34 and a beta of 0.99.

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

Primerica Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 22nd will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 22nd. Primerica's dividend payout ratio is currently 20.55%.

Insider Transactions at Primerica

In other Primerica news, CEO Glenn J. Williams sold 2,500 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total value of $655,500.00. Following the completion of the sale, the chief executive officer directly owned 36,392 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

About Primerica

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.