Los Angeles Capital Management LLC Reduces Stock Holdings in Primerica, Inc. (NYSE:PRI)

Los Angeles Capital Management LLC lowered its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,790 shares of the financial services provider's stock after selling 20,221 shares during the quarter. Los Angeles Capital Management LLC owned 0.30% of Primerica worth $28,393,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in shares of Primerica by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,554 shares of the financial services provider's stock worth $965,000 after buying an additional 76 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Primerica by 1.4% during the fourth quarter. Corient Private Wealth LLC now owns 8,646 shares of the financial services provider's stock worth $2,347,000 after purchasing an additional 119 shares in the last quarter. Xponance Inc. boosted its holdings in Primerica by 5.5% in the 4th quarter. Xponance Inc. now owns 3,898 shares of the financial services provider's stock valued at $1,058,000 after purchasing an additional 203 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Primerica by 17.4% during the 4th quarter. Teacher Retirement System of Texas now owns 32,770 shares of the financial services provider's stock worth $8,894,000 after acquiring an additional 4,863 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Primerica by 10.2% during the 4th quarter. American Century Companies Inc. now owns 78,829 shares of the financial services provider's stock worth $21,396,000 after purchasing an additional 7,298 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

PRI has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods decreased 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 note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Primerica presently has a consensus rating of "Hold" and a consensus price target of $317.83.

Primerica Stock Performance

Shares of PRI traded up $2.75 during trading hours on Tuesday, hitting $266.66. The company had a trading volume of 159,001 shares, compared to its average volume of 156,510. The firm has a fifty day moving average price of $268.34 and a 200-day moving average price of $273.90. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 17.93 and a beta of 0.98. 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 issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) 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 business had revenue of $803.56 million for the quarter, compared to analysts' expectations of $783.54 million. During the same period in the prior year, the firm earned $3.91 EPS. The company's revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a $1.04 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.56%. Primerica's dividend payout ratio (DPR) is presently 27.98%.

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.