Invesco Ltd. Has $43.27 Million Stock Position in Primerica, Inc. $PRI

Key Points

• Invesco Ltd. increased its shareholding in Primerica, Inc. by 9.9%, acquiring an additional 13,759 shares to hold a total of 152,062 shares worth approximately $43.27 million.
• Primerica recently reported earnings per share (EPS) of $5.46 for the last quarter, exceeding analysts' expectations, with a net margin of 21.48% and revenue of $796.02 million.
• The company declared a quarterly dividend of $1.04 per share, scheduled to be paid on **September 15th**, with a dividend yield of 1.6%.

Invesco Ltd. grew its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 9.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 152,062 shares of the financial services provider's stock after purchasing an additional 13,759 shares during the quarter. Invesco Ltd. owned about 0.46% of Primerica worth $43,266,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Primerica by 43.4% in the 4th quarter. Barclays PLC now owns 29,347 shares of the financial services provider's stock valued at $7,964,000 after buying an additional 8,876 shares in the last quarter. Mariner LLC increased its position in shares of 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 buying an additional 36 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Primerica in the 4th quarter valued at $1,230,000. Canada Pension Plan Investment Board bought a new stake in shares of Primerica in the 4th quarter valued at $1,981,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Primerica in the 4th quarter valued at $7,792,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Stock Performance

NYSE:PRI traded down $1.8210 during mid-day trading on Thursday, hitting $265.5890. The stock had a trading volume of 57,582 shares, compared to its average volume of 169,598. Primerica, Inc. has a twelve month low of $230.98 and a twelve month high of $307.91. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 13.12 and a beta of 0.99. The company's 50 day simple moving average is $265.29 and its 200 day simple moving average is $270.63.

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

Primerica Announces Dividend

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

Insider Transactions at Primerica

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PRI shares. Keefe, Bruyette & Woods upped their price objective on shares of Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research report on Monday, August 11th. Morgan Stanley upped their price objective on shares of Primerica from $292.00 to $308.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Jefferies Financial Group lowered their target price on Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Primerica has a consensus rating of "Hold" and an average target price of $315.29.

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.