Deutsche Bank AG Increases Stake in Primerica, Inc. (NYSE:PRI)

Deutsche Bank AG grew its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 224.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,367 shares of the financial services provider's stock after buying an additional 9,245 shares during the quarter. Deutsche Bank AG's holdings in Primerica were worth $3,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Colonial Trust Co SC purchased a new position in Primerica in the 4th quarter worth $25,000. Cubist Systematic Strategies LLC raised its position in Primerica by 2,508.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 57,499 shares of the financial services provider's stock worth $15,606,000 after purchasing an additional 55,295 shares during the period. Cetera Investment Advisers raised its position in Primerica by 17.2% in the 4th quarter. Cetera Investment Advisers now owns 1,829 shares of the financial services provider's stock worth $497,000 after purchasing an additional 268 shares during the period. Captrust Financial Advisors raised its position in Primerica by 9.9% in the 4th quarter. Captrust Financial Advisors now owns 1,553 shares of the financial services provider's stock worth $422,000 after purchasing an additional 140 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Primerica by 51.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 65,623 shares of the financial services provider's stock worth $17,811,000 after purchasing an additional 22,275 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In related news, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the sale, the insider now owns 200 shares of the company's stock, valued at $56,030. The trade was a 53.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Peter W. Schneider sold 2,000 shares of the business'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 sale, the president now directly owns 13,301 shares in the company, valued at $3,762,852.90. The trade was 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 insiders.

Primerica Stock Down 0.7%

Shares of PRI traded down $1.80 during trading hours on Monday, reaching $266.78. 109,405 shares of the company traded hands, compared to its average volume of 157,530. The company's fifty day moving average price is $267.62 and its two-hundred day moving average price is $279.55. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 19.40 and a beta of 1.02. Primerica, Inc. has a 12 month low of $219.52 and a 12 month high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. The firm had revenue of $803.56 million for the quarter, compared to analyst estimates of $783.54 million. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.91 EPS. On average, analysts expect that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's payout ratio is currently 27.98%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PRI. Keefe, Bruyette & Woods decreased their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen cut shares of Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Morgan Stanley boosted their price objective on shares of Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.