Primerica, Inc. (NYSE:PRI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,171 shares of the financial services provider's stock after selling 8,493 shares during the period. Nuveen Asset Management LLC owned 0.60% of Primerica worth $54,330,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PRI. Barclays PLC lifted its holdings in Primerica by 108.1% in the third quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock valued at $5,428,000 after acquiring an additional 10,635 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Primerica by 20.6% in the fourth quarter. HB Wealth Management LLC now owns 2,050 shares of the financial services provider's stock valued at $556,000 after acquiring an additional 350 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Primerica in the fourth quarter valued at approximately $5,236,000. UMB Bank n.a. lifted 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 valued at $65,000 after acquiring an additional 95 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in Primerica by 10.9% during the fourth quarter. Ballentine Partners LLC now owns 899 shares of the financial services provider's stock worth $244,000 after purchasing an additional 88 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRI has been the topic of a number of research reports. Wall Street Zen cut Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods decreased their price target 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. Finally, Morgan Stanley upped their price target on Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $308.00.

Insider Activity

In other Primerica news, President Peter W. Schneider sold 2,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $3,762,852.90. This trade represents a 13.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Adam Jendusa sold 234 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was 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 in the company, valued at approximately $56,030. The trade was a 53.92% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Primerica Price Performance

Shares of NYSE PRI traded down $1.80 during mid-day trading on Friday, hitting $266.78. The company had a trading volume of 109,405 shares, compared to its average volume of 157,530. The company has a market capitalization of $8.83 billion, a PE ratio of 19.40 and a beta of 1.02. Primerica, Inc. has a 1-year low of $219.52 and a 1-year high of $307.91. The business's 50-day simple moving average is $268.07 and its 200 day simple moving average is $279.84.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.77 by $0.25. The business had revenue of $803.56 million for the quarter, compared to analysts' expectations 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 period last year, the firm earned $3.91 earnings per share. On average, analysts expect that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend 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.