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

Nuveen Asset Management LLC lowered its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,171 shares of the financial services provider's stock after selling 8,493 shares during the period. Nuveen Asset Management LLC owned approximately 0.60% of Primerica worth $54,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PRI. Barclays PLC grew its position in Primerica by 108.1% during the 3rd quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock worth $5,428,000 after acquiring an additional 10,635 shares during the last quarter. Sylvest Advisors LLC bought a new stake in shares of Primerica in the fourth quarter worth about $543,000. California Public Employees Retirement System increased its holdings in Primerica by 59.4% during the 4th quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock valued at $30,323,000 after purchasing an additional 41,612 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Primerica by 10.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider's stock worth $32,573,000 after purchasing an additional 11,612 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Primerica by 4,150.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,123 shares of the financial services provider's stock valued at $1,120,000 after purchasing an additional 4,026 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

PRI has been the topic of a number of research reports. BMO Capital Markets assumed coverage on shares of Primerica in a report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price on the stock. Wall Street Zen downgraded Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Morgan Stanley raised their target price on shares of Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $308.00.

Insider Buying and Selling

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

Primerica Stock Performance

NYSE PRI traded down $4.01 on Thursday, reaching $268.07. 143,521 shares of the stock traded hands, compared to its average volume of 157,412. Primerica, Inc. has a 12 month low of $219.52 and a 12 month high of $307.91. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 19.50 and a beta of 1.02. The company has a fifty day moving average price of $268.95 and a 200-day moving average price of $280.04.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data 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. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The firm had revenue of $803.56 million during the quarter, compared to analyst estimates of $783.54 million. During the same period last year, the firm posted $3.91 EPS. Primerica's revenue was up 8.3% on a year-over-year basis. As a group, research analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The business also recently declared 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 1.55%. The ex-dividend date is Thursday, May 22nd. Primerica's dividend payout ratio is presently 27.98%.

About Primerica

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.