Machina Capital S.A.S. Invests $439,000 in Primerica, Inc. (NYSE:PRI)

Key Points

• Machina Capital S.A.S. has acquired 1,544 shares of Primerica, Inc. valued at approximately $439,000, as reported in their recent SEC 13F filing.
• Primerica reported quarterly earnings of $5.02 EPS, exceeding analysts' expectations, with a revenue of $803.56 million, marking an 8.3% increase from the previous year.
• The company announced a quarterly dividend of $1.04 per share, with a current yield of 1.57% and a low dividend payout ratio of 27.98%.

Machina Capital S.A.S. bought a new stake in Primerica, Inc. (NYSE:PRI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,544 shares of the financial services provider's stock, valued at approximately $439,000.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new stake in Primerica in the fourth quarter worth about $25,000. True Wealth Design LLC acquired a new stake in Primerica in the fourth quarter worth about $27,000. Golden State Wealth Management LLC boosted its holdings 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 worth $72,000 after acquiring an additional 130 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Primerica by 182.2% in the fourth quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after acquiring an additional 164 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Primerica by 26.9% in the first quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $87,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Trading Down 0.8%

Primerica stock traded down $2.01 during mid-day trading on Monday, hitting $263.72. The company had a trading volume of 21,850 shares, compared to its average volume of 169,661. Primerica, Inc. has a 12-month low of $230.98 and a 12-month high of $307.91. The company's fifty day moving average is $267.47 and its 200-day moving average is $273.50. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 17.71 and a beta of 0.98.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 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 analyst estimates of $783.54 million. During the same quarter in the prior year, the firm posted $3.91 EPS. The business's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts expect that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a $1.04 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.58%. Primerica's dividend payout ratio is presently 27.98%.

Wall Street Analysts Forecast Growth

PRI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered 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. Morgan Stanley upped their target price on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $317.83.

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.