Primerica, Inc. (NYSE:PRI) Stock Position Boosted by iSAM Funds UK Ltd

iSAM Funds UK Ltd lifted its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 76.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,950 shares of the financial services provider's stock after acquiring an additional 2,142 shares during the period. Primerica accounts for 1.0% of iSAM Funds UK Ltd's portfolio, making the stock its 8th largest position. iSAM Funds UK Ltd's holdings in Primerica were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in Primerica during the 4th quarter valued at about $25,000. True Wealth Design LLC acquired a new position in Primerica during the 4th quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new position in Primerica during the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its position in Primerica by 129.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after buying an additional 71 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Primerica by 116.2% during the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock valued at $58,000 after buying an additional 115 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen lowered Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods cut their price objective on Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley increased their price objective on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Six equities 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.com, Primerica presently has an average rating of "Hold" and an average price target of $308.00.

Primerica Trading Down 0.7%

Shares of PRI stock traded down $1.80 during mid-day trading on Friday, reaching $266.78. The stock had a trading volume of 109,405 shares, compared to its average volume of 157,530. The business's fifty day moving average is $268.07 and its 200-day moving average is $279.84. The firm has a market cap of $8.83 billion, a price-to-earnings 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.

Primerica (NYSE:PRI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, topping the consensus estimate 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 return on equity of 31.11% and a net margin of 15.14%. Primerica's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $3.91 earnings per share. On average, analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued 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 dividend payout ratio (DPR) is 27.98%.

Insider Buying and Selling

In related 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 sale, the president now directly owns 13,301 shares of the company's stock, valued at $3,762,852.90. This trade represents a 13.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 sale, the insider now directly owns 200 shares in the company, valued at approximately $56,030. This trade represents a 53.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

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.