Running Oak Capital LLC Acquires 3,206 Shares of Primerica, Inc. (NYSE:PRI)

Running Oak Capital LLC lifted its position in Primerica, Inc. (NYSE:PRI - Free Report) by 6.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,850 shares of the financial services provider's stock after acquiring an additional 3,206 shares during the period. Primerica accounts for about 2.0% of Running Oak Capital LLC's investment portfolio, making the stock its 11th largest holding. Running Oak Capital LLC owned about 0.17% of Primerica worth $16,176,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. California Public Employees Retirement System raised its position in shares of Primerica by 59.4% in the 4th quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock worth $30,323,000 after acquiring an additional 41,612 shares in the last quarter. Los Angeles Capital Management LLC raised 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 acquiring an additional 11,612 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Primerica by 4,150.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,123 shares of the financial services provider's stock worth $1,120,000 after acquiring an additional 4,026 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Primerica by 11.4% in the 4th quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider's stock worth $31,840,000 after acquiring an additional 11,996 shares in the last quarter. Finally, Callan Family Office LLC raised its position in shares of Primerica by 273.8% in the 4th quarter. Callan Family Office LLC now owns 5,024 shares of the financial services provider's stock worth $1,364,000 after acquiring an additional 3,680 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley lifted their target price on Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $308.00.

Primerica Stock Performance

Shares of PRI stock traded up $5.91 on Monday, reaching $266.91. The stock had a trading volume of 163,828 shares, compared to its average volume of 154,845. The stock has a market cap of $8.83 billion, a P/E ratio of 17.95 and a beta of 0.99. Primerica, Inc. has a 1 year low of $230.98 and a 1 year high of $307.91. The company has a 50 day simple moving average of $264.86 and a 200 day simple moving average of $274.81.

Primerica (NYSE:PRI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share 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 32.30% and a net margin of 15.82%. Primerica's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.91 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.56%. Primerica's dividend payout ratio (DPR) 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.