Kayne Anderson Rudnick Investment Management LLC Has $968.31 Million Holdings in Primerica, Inc. (NYSE:PRI)

Kayne Anderson Rudnick Investment Management LLC reduced its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,567,581 shares of the financial services provider's stock after selling 55,327 shares during the quarter. Primerica accounts for about 2.2% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 2nd biggest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 10.69% of Primerica worth $968,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Primerica in the fourth quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its holdings in 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 increased its holdings in 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. UMB Bank n.a. increased its holdings in 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. Finally, Bessemer Group Inc. increased 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 purchasing an additional 164 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 commented on PRI shares. Wall Street Zen cut Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Morgan Stanley upped their price objective on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods lowered their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Primerica presently has an average rating of "Hold" and a consensus target price of $308.00.

Insider Transactions at Primerica

In related news, President Peter W. Schneider sold 2,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total transaction of $565,800.00. Following the transaction, the president now owns 13,301 shares in the company, valued at $3,762,852.90. The trade was a 13.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Adam Jendusa sold 234 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total value of $65,555.10. Following the transaction, the insider now directly owns 200 shares of the company's stock, valued at $56,030. This represents a 53.92% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

Primerica Price Performance

NYSE PRI traded down $1.51 during trading on Wednesday, reaching $271.02. The company's stock had a trading volume of 47,957 shares, compared to its average volume of 157,127. The stock has a market capitalization of $8.97 billion, a PE ratio of 19.68 and a beta of 1.02. The firm has a fifty day moving average of $267.30 and a 200 day moving average of $279.50. Primerica, Inc. has a one year low of $219.52 and a one year 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. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The firm had revenue of $803.56 million during the quarter, compared to analysts' expectations of $783.54 million. During the same period in the prior year, the business earned $3.91 EPS. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, May 22nd. Primerica's payout ratio is currently 27.98%.

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.