GSA Capital Partners LLP Has $1.56 Million Stock Holdings in Primerica, Inc. (NYSE:PRI)

Key Points

• GSA Capital Partners LLP reduced its stake in Primerica, Inc. by 29.4%, selling 2,287 shares during the first quarter, leaving them with 5,488 shares valued at approximately $1.56 million.
• In its latest earnings report, Primerica reported $5.02 EPS, exceeding analyst expectations of $4.77, with revenues of $803.56 million, reflecting an 8.3% year-over-year increase.
• Primerica declared a quarterly dividend of $1.04 per share, leading to an annualized total of $4.16 and a yield of 1.56% with a payout ratio of 27.98%.

GSA Capital Partners LLP trimmed its position in Primerica, Inc. (NYSE:PRI - Free Report) by 29.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,488 shares of the financial services provider's stock after selling 2,287 shares during the quarter. GSA Capital Partners LLP's holdings in Primerica were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PRI. Colonial Trust Co SC bought a new position in shares of Primerica during the 4th quarter worth about $25,000. True Wealth Design LLC acquired a new stake in Primerica during the fourth quarter worth $27,000. Bessemer Group Inc. lifted its holdings in shares of Primerica by 182.2% during the 4th quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after acquiring an additional 164 shares during the period. Golden State Wealth Management LLC increased 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 acquiring an additional 130 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Primerica by 26.9% during the first quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $87,000 after purchasing an additional 65 shares during the period. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PRI. Morgan Stanley lifted their price objective on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods cut their price target on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Five 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $317.83.

Primerica Stock Down 2.3%

Shares of PRI traded down $6.18 during trading hours on Friday, reaching $259.45. The stock had a trading volume of 148,378 shares, compared to its average volume of 170,958. The company has a market cap of $8.59 billion, a P/E ratio of 17.45 and a beta of 0.98. The firm has a 50-day moving average of $266.65 and a 200 day moving average of $273.27. Primerica, Inc. has a 52 week low of $230.98 and a 52 week high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data 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. Primerica had a return on equity of 32.30% and a net margin of 15.82%. The company had revenue of $803.56 million during the quarter, compared to analysts' expectations of $783.54 million. During the same period in the prior year, the firm earned $3.91 earnings per share. Primerica's revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $4.16 annualized dividend and a dividend yield of 1.6%. Primerica's payout ratio is 27.98%.

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.