GAMMA Investing LLC lifted its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 39,199.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,298 shares of the financial services provider's stock after acquiring an additional 442,170 shares during the period. GAMMA Investing LLC owned approximately 1.34% of Primerica worth $126,132,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new stake in Primerica during the 4th quarter valued at $25,000. True Wealth Design LLC bought a new position in shares of Primerica in the 4th quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in shares of Primerica in the 4th quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its position in Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 71 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Primerica by 116.2% in the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.
Analyst Ratings Changes
PRI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Morgan Stanley boosted their price target 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. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $308.00.
Get Our Latest Stock Report on PRI
Primerica Stock Down 1.2%
Shares of Primerica stock traded down $3.25 during trading on Thursday, hitting $264.87. The stock had a trading volume of 191,228 shares, compared to its average volume of 156,292. The stock has a 50 day simple moving average of $265.09 and a 200 day simple moving average of $278.41. The company has a market capitalization of $8.77 billion, a PE ratio of 19.26 and a beta of 1.02. Primerica, Inc. has a 1 year low of $219.52 and a 1 year high of $307.91.
Primerica (NYSE:PRI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.25. The business had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. Primerica had a net margin of 15.14% and a return on equity of 31.11%. 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. As a group, equities analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.
Primerica Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, May 22nd. Primerica's dividend payout ratio (DPR) is currently 27.98%.
About Primerica
(
Free Report)
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.
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