Primerica, Inc. $PRI Shares Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 76.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,162 shares of the financial services provider's stock after purchasing an additional 12,181 shares during the period. Susquehanna Fundamental Investments LLC owned 0.09% of Primerica worth $8,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Primerica in the second quarter valued at about $848,161,000. Bank of Montreal Can boosted its holdings in Primerica by 5,277.5% in the 4th quarter. Bank of Montreal Can now owns 1,311,634 shares of the financial services provider's stock worth $338,874,000 after acquiring an additional 1,287,243 shares during the period. Geode Capital Management LLC lifted its position in shares of Primerica by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 793,389 shares of the financial services provider's stock worth $205,011,000 after purchasing an additional 37,014 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of Primerica in the second quarter valued at $190,827,000. Finally, Dimensional Fund Advisors LP grew its holdings in Primerica by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 650,578 shares of the financial services provider's stock valued at $162,950,000 after purchasing an additional 7,628 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PRI. Weiss Ratings downgraded Primerica from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods upped their target price on Primerica from $323.00 to $335.00 and gave the company a "market perform" rating in a research report on Tuesday, August 11th. TD Cowen lifted their price target on shares of Primerica from $322.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Truist Financial reissued a "hold" rating and set a $320.00 price objective (down from $370.00) on shares of Primerica in a report on Thursday, August 27th. Finally, Jefferies Financial Group increased their price target on shares of Primerica from $266.00 to $268.00 and gave the stock a "hold" rating in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $315.57.

Primerica Stock Performance

PRI stock opened at $287.14 on Tuesday. Primerica, Inc. has a 1 year low of $230.09 and a 1 year high of $327.28. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 11.53 and a beta of 0.87. The stock's fifty day moving average is $304.92 and its two-hundred day moving average is $279.20.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $6.41 EPS for the quarter, topping the consensus estimate of $6.03 by $0.38. The business had revenue of $865.07 million during the quarter, compared to analyst estimates of $881.00 million. Primerica had a net margin of 23.20% and a return on equity of 32.45%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.46 earnings per share. As a group, analysts predict that Primerica, Inc. will post 25.09 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 21st will be paid a $1.20 dividend. The ex-dividend date is Friday, August 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Primerica's dividend payout ratio (DPR) is presently 19.28%.

Insider Buying and Selling at Primerica

In other news, CEO Glenn J. Williams sold 1,500 shares of Primerica stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $320.20, for a total transaction of $480,300.00. Following the sale, the chief executive officer owned 32,196 shares of the company's stock, valued at approximately $10,309,159.20. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $312.65, for a total transaction of $562,770.00. Following the completion of the transaction, the president owned 8,011 shares of the company's stock, valued at $2,504,639.15. This represents a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,079 shares of company stock worth $1,551,308. 0.63% of the stock is owned by company insiders.

Primerica Profile

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica's core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.

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