Primerica, Inc. (NYSE:PRI) Shares Purchased by Running Oak Capital LLC

Running Oak Capital LLC grew its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 6.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,850 shares of the financial services provider's stock after purchasing an additional 3,206 shares during the quarter. Primerica comprises about 2.0% of Running Oak Capital LLC's holdings, making the stock its 11th biggest holding. Running Oak Capital LLC owned about 0.17% of Primerica worth $16,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. California Public Employees Retirement System raised its stake in shares of Primerica by 59.4% in the fourth quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock worth $30,323,000 after purchasing an additional 41,612 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Primerica by 10.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider's stock valued at $32,573,000 after acquiring an additional 11,612 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position 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 acquiring an additional 4,026 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Primerica by 11.4% in the fourth quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider's stock valued at $31,840,000 after acquiring an additional 11,996 shares during the period. Finally, Callan Family Office LLC grew its position in Primerica by 273.8% in the 4th quarter. Callan Family Office LLC now owns 5,024 shares of the financial services provider's stock valued at $1,364,000 after acquiring an additional 3,680 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Primerica Trading Down 1.7%

Shares of Primerica stock traded down $4.69 on Wednesday, hitting $263.89. The stock had a trading volume of 377,729 shares, compared to its average volume of 155,716. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 17.75 and a beta of 0.99. Primerica, Inc. has a 52-week low of $230.98 and a 52-week high of $307.91. The company's 50 day moving average price is $265.26 and its 200 day moving average price is $274.57.

Primerica (NYSE:PRI - Get Free Report) last posted 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 return on equity of 32.30% and a net margin of 15.82%. The firm had revenue of $803.56 million during the quarter, compared to the consensus estimate of $783.54 million. During the same period in the prior year, the business earned $3.91 EPS. The firm's revenue was up 8.3% compared to the same quarter last year. Analysts predict that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was 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.