NBC Securities Inc. Acquires 6,779 Shares of Primerica, Inc. (NYSE:PRI)

NBC Securities Inc. raised its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 112,983.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,785 shares of the financial services provider's stock after acquiring an additional 6,779 shares during the period. NBC Securities Inc.'s holdings in Primerica were worth $1,930,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC purchased a new position in shares of Primerica in the fourth quarter worth about $25,000. True Wealth Design LLC bought a new position in Primerica in the fourth quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in Primerica in the fourth quarter worth $33,000. EverSource Wealth Advisors LLC boosted its position in shares of Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after purchasing an additional 71 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Primerica by 116.2% in the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after purchasing an additional 115 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PRI shares. Wall Street Zen lowered shares of Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley increased their price objective on shares of Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $308.00.

Primerica Stock Down 1.2%

PRI traded down $3.25 during trading hours on Thursday, reaching $264.87. 191,046 shares of the company's stock traded hands, compared to its average volume of 156,655. The firm has a 50-day moving average price of $265.09 and a 200 day moving average price of $278.41. Primerica, Inc. has a 52-week low of $219.52 and a 52-week high of $307.91. The firm has a market capitalization of $8.77 billion, a PE ratio of 19.26 and a beta of 1.02.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, topping analysts' consensus estimates of $4.77 by $0.25. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The firm 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 business posted $3.91 earnings per share. The business's revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts predict that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's dividend payout ratio is presently 27.98%.

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.