Petrus Trust Company LTA Has $224,000 Stock Holdings in Primerica, Inc. $PRI

Key Points

• Petrus Trust Company LTA reduced its stake in Primerica, Inc. by 55.5% in the first quarter, now holding 789 shares worth $224,000 after selling 985 shares.
• Various institutional investors have increased their holdings in Primerica, with notable increases from Deutsche Bank AG (224.3%) and Cerity Partners LLC (21.7%).
• Primerica's stock price has dipped 1.2% recently, with current shares trading at $271.66, while the company reported a quarterly earnings beat of $5.46 per share.

Petrus Trust Company LTA reduced its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 789 shares of the financial services provider's stock after selling 985 shares during the period. Petrus Trust Company LTA's holdings in Primerica were worth $224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Primerica during the 4th quarter valued at $27,000. Headlands Technologies LLC boosted its holdings in Primerica by 2,300.0% in the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock worth $48,000 after purchasing an additional 161 shares in the last quarter. Summit Securities Group LLC bought a new stake in Primerica in the first quarter worth $64,000. 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 purchasing an additional 130 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 purchasing an additional 65 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Primerica

In other news, CEO Glenn J. Williams sold 2,500 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.20, for a total transaction of $655,500.00. Following the completion of the transaction, the chief executive officer owned 36,392 shares of the company's stock, valued at approximately $9,541,982.40. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company's stock.

Primerica Stock Performance

Shares of PRI traded down $0.12 during trading hours on Friday, reaching $274.28. 211,384 shares of the company traded hands, compared to its average volume of 162,316. The stock's fifty day moving average is $266.56 and its 200 day moving average is $268.87. The stock has a market cap of $8.88 billion, a P/E ratio of 13.55 and a beta of 1.00. Primerica, Inc. has a 1-year low of $230.98 and a 1-year high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.46 EPS for the quarter, beating analysts' consensus estimates of $5.18 by $0.28. The business had revenue of $796.02 million during the quarter, compared to analyst estimates of $790.99 million. Primerica had a net margin of 21.48% and a return on equity of 32.42%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.71 earnings per share. On average, equities research analysts predict that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 22nd will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.5%. Primerica's dividend payout ratio is currently 20.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PRI. Keefe, Bruyette & Woods upped their price objective on shares of Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a report on Monday, August 11th. Morgan Stanley upped their price objective on shares of Primerica from $292.00 to $308.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Finally, Jefferies Financial Group cut their target price on shares of Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $315.29.

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.