Public Employees Retirement System of Ohio Sells 978 Shares of Primerica, Inc. (NYSE:PRI)

Public Employees Retirement System of Ohio trimmed its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,572 shares of the financial services provider's stock after selling 978 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Primerica were worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Burgundy Asset Management Ltd. raised its holdings in Primerica by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,288,473 shares of the financial services provider's stock worth $349,717,000 after buying an additional 21,208 shares during the period. Vise Technologies Inc. acquired a new position in shares of Primerica in the 4th quarter valued at about $368,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Primerica by 9.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,679 shares of the financial services provider's stock valued at $38,726,000 after purchasing an additional 11,737 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of Primerica by 527.1% in the 4th quarter. Voloridge Investment Management LLC now owns 42,816 shares of the financial services provider's stock valued at $11,621,000 after purchasing an additional 35,988 shares during the period. Finally, iSAM Funds UK Ltd increased its holdings in shares of Primerica by 76.3% in the 4th quarter. iSAM Funds UK Ltd now owns 4,950 shares of the financial services provider's stock valued at $1,344,000 after purchasing an additional 2,142 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen cut Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods decreased their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley upped their target price on Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a research 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 company. According to data from MarketBeat, Primerica presently has an average rating of "Hold" and a consensus target price of $308.00.

Primerica Price Performance

Shares of NYSE PRI traded down $4.10 during mid-day trading on Wednesday, hitting $268.39. The company had a trading volume of 115,221 shares, compared to its average volume of 156,517. The business's 50-day simple moving average is $265.09 and its 200-day simple moving average is $278.41. Primerica, Inc. has a 12 month low of $219.52 and a 12 month high of $307.91. The firm has a market cap of $8.88 billion, a P/E ratio of 19.52 and a beta of 1.02.

Primerica (NYSE:PRI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. The business had revenue of $803.56 million during 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 was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.91 earnings per share. As a group, sell-side analysts predict that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.55%. Primerica's dividend payout ratio is currently 27.98%.

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.