Nomura Holdings Inc. Purchases New Shares in Primerica, Inc. (NYSE:PRI)

Nomura Holdings Inc. acquired a new position in Primerica, Inc. (NYSE:PRI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,428 shares of the financial services provider's stock, valued at approximately $1,202,000.

Other institutional investors have also made changes to their positions in the company. Colonial Trust Co SC bought a new stake in shares of Primerica in the fourth quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in shares of Primerica in the fourth quarter worth $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Primerica by 129.1% in the fourth 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. Venturi Wealth Management LLC lifted its position in shares of Primerica by 116.2% in the fourth 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. Finally, UMB Bank n.a. lifted its position in shares of Primerica by 65.5% in the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock worth $65,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Activity at Primerica

In other news, President Peter W. Schneider sold 2,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total transaction of $565,800.00. Following the sale, the president now owns 13,301 shares in the company, valued at approximately $3,762,852.90. The trade was a 13.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the sale, the insider now owns 200 shares in the company, valued at approximately $56,030. This trade represents a 53.92% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Primerica Price Performance

Shares of PRI stock traded down $1.80 on Friday, hitting $266.78. The stock had a trading volume of 109,405 shares, compared to its average volume of 157,530. The business has a 50 day moving average of $268.07 and a 200 day moving average of $279.84. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 19.40 and a beta of 1.02. Primerica, Inc. has a 12-month low of $219.52 and a 12-month high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.77 by $0.25. The business had revenue of $803.56 million during the quarter, compared to the consensus estimate of $783.54 million. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 earnings per share. As a group, research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's dividend payout ratio is currently 27.98%.

Analysts Set New Price Targets

PRI has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley upped their price target 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. Finally, Wall Street Zen downgraded shares of Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $308.00.

Primerica 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.