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

Tidal Investments LLC increased its position in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 42.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,867 shares of the financial services provider's stock after purchasing an additional 1,737 shares during the quarter. Tidal Investments LLC's holdings in Primerica were worth $1,592,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new stake in shares of Primerica during the fourth quarter worth approximately $25,000. True Wealth Design LLC bought a new stake in Primerica during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Primerica during the 4th quarter valued at $33,000. EverSource Wealth Advisors LLC raised its position in Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 71 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Primerica by 116.2% in the fourth quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after purchasing an additional 115 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Primerica Price Performance

Shares of Primerica stock traded down $4.39 on Wednesday, hitting $268.13. 113,493 shares of the company's stock traded hands, compared to its average volume of 157,370. The firm's 50-day moving average price is $267.30 and its two-hundred day moving average price is $279.50. The stock has a market capitalization of $8.87 billion, a PE ratio of 19.50 and a beta of 1.02. Primerica, Inc. has a one year low of $219.52 and a one year high of $307.91.

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. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The firm had revenue of $803.56 million for the quarter, compared to analyst estimates of $783.54 million. During the same quarter in the prior year, the firm posted $3.91 earnings per share. The company's quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The company 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 1.55%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's payout ratio is 27.98%.

Insider Activity at Primerica

In other news, President Peter W. Schneider sold 2,000 shares of Primerica 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total value of $65,555.10. Following the completion of the transaction, the insider now owns 200 shares of the company's stock, valued at $56,030. This represents a 53.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PRI. Wall Street Zen lowered Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Morgan Stanley raised 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Six 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, the company has an average rating of "Hold" and a consensus target price of $308.00.

Primerica 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.