Blair William & Co. IL Has $3.25 Million Holdings in Primerica, Inc. (NYSE:PRI)

Key Points

• Blair William & Co. IL reduced its stake in Primerica, Inc. by 9.5%, now holding 11,418 shares valued at approximately $3.25 million as reported in their recent SEC filing.
• Morgan Stanley has increased its price target on Primerica's shares from $274.00 to $296.00 while maintaining an "equal weight" rating, with a consensus target price among analysts set at $317.83.
• Primerica announced a quarterly dividend of $1.04 to be paid on September 15th, reflecting a 1.6% yield and a payout ratio of 27.98%.

Blair William & Co. IL lowered its position in Primerica, Inc. (NYSE:PRI - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,418 shares of the financial services provider's stock after selling 1,199 shares during the period. Blair William & Co. IL's holdings in Primerica were worth $3,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PRI. Assetmark Inc. grew its holdings in shares of Primerica by 17.1% during the first quarter. Assetmark Inc. now owns 1,778 shares of the financial services provider's stock worth $506,000 after buying an additional 260 shares in the last quarter. Cerity Partners LLC raised its stake in Primerica by 21.7% during the first quarter. Cerity Partners LLC now owns 5,201 shares of the financial services provider's stock valued at $1,480,000 after buying an additional 927 shares in the last quarter. LPL Financial LLC raised its position in shares of Primerica by 69.7% during the 4th quarter. LPL Financial LLC now owns 10,488 shares of the financial services provider's stock worth $2,847,000 after purchasing an additional 4,307 shares during the period. Two Sigma Securities LLC acquired a new stake in Primerica in the 4th quarter valued at about $391,000. Finally, Deutsche Bank AG lifted its holdings in Primerica by 224.3% in the 4th quarter. Deutsche Bank AG now owns 13,367 shares of the financial services provider's stock valued at $3,628,000 after acquiring an additional 9,245 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Stock Performance

NYSE PRI traded up $2.87 during trading on Tuesday, reaching $261.14. 25,865 shares of the company traded hands, compared to its average volume of 170,517. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 12.90 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 stock's 50 day moving average price is $265.48 and its two-hundred day moving average price is $271.65.

Primerica (NYSE:PRI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $5.46 EPS for the quarter, beating the consensus estimate of $5.18 by $0.28. Primerica had a net margin of 21.48% and a return on equity of 32.42%. The company had revenue of $796.02 million during the quarter, compared to analysts' expectations of $790.99 million. During the same quarter in the previous year, the company posted $4.71 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts expect that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 22nd will be given a dividend of $1.04 per share. The ex-dividend date is Friday, August 22nd. This represents a $4.16 annualized dividend and a dividend yield of 1.6%. Primerica's dividend payout ratio (DPR) is currently 20.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a report on Monday. Jefferies Financial Group lowered their price target on Primerica from $293.00 to $283.00 and set a "hold" rating on the stock in a report on Monday. Finally, Morgan Stanley increased their price target 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $313.57.

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.