Tidal Investments LLC Has $1.59 Million Position in Primerica, Inc. (NYSE:PRI)

Tidal Investments LLC lifted its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,867 shares of the financial services provider's stock after acquiring an additional 1,737 shares during the period. Tidal Investments LLC's holdings in Primerica were worth $1,592,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake in shares of Primerica by 108.1% in the third 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 acquired a new stake in Primerica during the fourth quarter worth $543,000. California Public Employees Retirement System boosted its stake in Primerica by 59.4% during 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 buying an additional 41,612 shares in the last quarter. Los Angeles Capital Management LLC boosted 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 worth $32,573,000 after buying an additional 11,612 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Primerica by 4,150.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,123 shares of the financial services provider's stock worth $1,120,000 after buying an additional 4,026 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In other news, President Peter W. Schneider sold 2,000 shares of Primerica stock in a transaction that occurred on 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 in the company, valued at $3,762,852.90. The trade was a 13.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Adam Jendusa sold 234 shares of Primerica 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 sale, the insider now owns 200 shares of the company's stock, valued at approximately $56,030. This represents a 53.92% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Primerica Stock Performance

Shares of NYSE PRI traded down $0.53 during midday trading on Thursday, reaching $267.80. 20,012 shares of the company traded hands, compared to its average volume of 156,555. The firm has a market cap of $8.86 billion, a PE ratio of 19.46 and a beta of 1.02. The stock's 50-day simple moving average is $266.96 and its 200-day simple moving average is $279.42. 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 issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. The company had revenue of $803.56 million during the quarter, compared to analysts' expectations of $783.54 million. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The business's revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $3.91 earnings per share. On average, equities research analysts expect that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 dividend yield of 1.55%. The ex-dividend date is Thursday, May 22nd. Primerica's dividend payout ratio is presently 27.98%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PRI shares. Keefe, Bruyette & Woods decreased their price target on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley lifted their price target on shares of Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen downgraded shares of Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Primerica currently has a consensus rating of "Hold" and an average 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.