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

Kayne Anderson Rudnick Investment Management LLC decreased 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 and Exchange Commission. The institutional investor owned 3,567,581 shares of the financial services provider's stock after selling 55,327 shares during the period. Primerica makes up 2.2% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 2nd biggest holding. Kayne Anderson Rudnick Investment Management LLC owned 10.69% of Primerica worth $968,313,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Primerica during the fourth quarter valued at about $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 boosted its holdings in shares of Primerica by 116.2% during 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 during the period. UMB Bank n.a. boosted its holdings in shares of Primerica by 65.5% during 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 during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Primerica by 182.2% during 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 during the period. Institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $65,555.10. Following the sale, the insider now owns 200 shares in the company, valued at approximately $56,030. The trade was a 53.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the president now owns 13,301 shares in the company, valued at $3,762,852.90. This represents a 13.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Primerica Price Performance

PRI traded down $0.74 during midday trading on Thursday, hitting $267.60. 12,657 shares of the company's stock traded hands, compared to its average volume of 156,522. The company has a market cap of $8.86 billion, a PE ratio of 19.45 and a beta of 1.02. The stock's fifty day simple moving average is $266.96 and its 200-day simple moving average is $279.42. 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 announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, beating the consensus estimate of $4.77 by $0.25. The company had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The company's revenue for the quarter 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. On average, research analysts expect that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.55%. Primerica's dividend payout ratio is currently 27.98%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of 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 raised their price target on shares of Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Wall Street Zen cut shares of Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Six 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, the stock presently has an average rating of "Hold" and a consensus price target of $308.00.

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.