Lecap Asset Management Ltd. bought a new position in Primerica, Inc. (NYSE:PRI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,614 shares of the financial services provider's stock, valued at approximately $1,028,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. lifted its position in Primerica by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,288,473 shares of the financial services provider's stock worth $349,717,000 after buying an additional 21,208 shares in the last quarter. Geode Capital Management LLC lifted its position in Primerica by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider's stock worth $211,691,000 after buying an additional 82,921 shares in the last quarter. GAMMA Investing LLC lifted its position in Primerica by 39,199.5% in the 1st quarter. GAMMA Investing LLC now owns 443,298 shares of the financial services provider's stock worth $126,132,000 after buying an additional 442,170 shares in the last quarter. Northern Trust Corp lifted its position in Primerica by 15.6% in the 4th quarter. Northern Trust Corp now owns 347,040 shares of the financial services provider's stock worth $94,194,000 after buying an additional 46,935 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Primerica by 1.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 230,736 shares of the financial services provider's stock worth $62,626,000 after buying an additional 2,905 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.
Primerica Stock Performance
Shares of Primerica stock traded up $2.74 during midday trading on Friday, reaching $268.30. 265,777 shares of the company's stock traded hands, compared to its average volume of 153,766. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 18.04 and a beta of 0.99. The company's 50 day simple moving average is $265.95 and its 200 day simple moving average is $274.13. 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 released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, beating analysts' consensus estimates 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 15.82% and a return on equity of 32.30%. Primerica's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.91 EPS. As a group, equities research analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.
Primerica Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.55%. Primerica's payout ratio is presently 27.98%.
Wall Street Analyst Weigh In
PRI has been the subject of a number of research analyst reports. Morgan Stanley increased their target price 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. Keefe, Bruyette & Woods cut their target price on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Primerica has a consensus rating of "Hold" and a consensus target price of $308.00.
Get Our Latest Research Report on PRI
Primerica Profile
(
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.
Read More
Before you consider Primerica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Primerica wasn't on the list.
While Primerica currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
