Primerica, Inc. $PRI is Brave Warrior Advisors LLC's 7th Largest Position

Key Points

• Brave Warrior Advisors LLC has reduced its stake in Primerica, Inc. by 2.2%, making it the firm's 7th largest position, accounting for 5.4% of their portfolio.
• In Q2, Primerica reported a stronger than expected earnings per share of $5.46, surpassing analysts' estimates, with a notable year-over-year revenue increase of 0.3%.
• The company recently announced a quarterly dividend of $1.04, resulting in an annualized yield of 1.5% and a payout ratio of 20.55%.

Brave Warrior Advisors LLC cut its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 834,654 shares of the financial services provider's stock after selling 19,210 shares during the period. Primerica accounts for about 5.4% of Brave Warrior Advisors LLC's portfolio, making the stock its 7th largest position. Brave Warrior Advisors LLC owned about 2.52% of Primerica worth $237,484,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new stake in Primerica in the 4th quarter worth approximately $25,000. True Wealth Design LLC acquired a new stake in Primerica in the 4th quarter worth approximately $27,000. Headlands Technologies LLC boosted its stake in Primerica by 2,300.0% in the 1st quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock worth $48,000 after purchasing an additional 161 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Primerica in the 1st quarter worth approximately $64,000. Finally, Golden State Wealth Management LLC lifted its stake in Primerica by 105.7% during the 1st quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 130 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Stock Down 0.1%

Shares of NYSE:PRI traded down $0.34 during trading on Friday, hitting $273.42. 418,402 shares of the stock traded hands, compared to its average volume of 137,811. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 13.51 and a beta of 1.00. The company has a fifty day moving average price of $266.85 and a two-hundred day moving average price of $269.01. Primerica, Inc. has a 52-week low of $230.98 and a 52-week high of $307.91.

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

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 22nd will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 22nd. Primerica's payout ratio is 20.55%.

Wall Street Analyst Weigh In

Several brokerages have commented on PRI. Morgan Stanley lifted their price objective on shares of Primerica from $292.00 to $308.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Jefferies Financial Group decreased their price objective on shares of Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Primerica currently has an average rating of "Hold" and a consensus target price of $315.29.

Insider Buying and Selling at Primerica

In other news, CEO Glenn J. Williams sold 2,500 shares of Primerica stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.20, for a total transaction of $655,500.00. Following the completion of the transaction, the chief executive officer directly owned 36,392 shares of the company's stock, valued at $9,541,982.40. The trade was a 6.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

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.