Primerica, Inc. $PRI Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,488 shares of the financial services provider's stock after buying an additional 4,201 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of Primerica worth $4,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Primerica in the 3rd quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its holdings in Primerica by 186.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider's stock worth $29,000 after buying an additional 69 shares during the period. V Square Quantitative Management LLC acquired a new position in Primerica in the 4th quarter worth approximately $30,000. Quent Capital LLC acquired a new position in Primerica in the 3rd quarter worth approximately $33,000. Finally, Hantz Financial Services Inc. increased its holdings in Primerica by 620.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 216 shares of the financial services provider's stock worth $60,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling

In other news, CEO Glenn J. Williams sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $256.41, for a total transaction of $641,025.00. Following the transaction, the chief executive officer owned 27,392 shares in the company, valued at $7,023,582.72. This trade represents a 8.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Peter W. Schneider sold 1,800 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $252.38, for a total value of $454,284.00. Following the transaction, the president owned 11,611 shares in the company, valued at $2,930,384.18. This trade represents a 13.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.63% of the company's stock.

Wall Street Analysts Forecast Growth

PRI has been the topic of several research reports. Zacks Research downgraded shares of Primerica from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Morgan Stanley dropped their price objective on shares of Primerica from $292.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings raised shares of Primerica from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 6th. Keefe, Bruyette & Woods reaffirmed a "hold" rating and set a $290.00 price objective on shares of Primerica in a research note on Thursday, March 26th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Primerica in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Primerica presently has an average rating of "Hold" and an average target price of $293.60.

Primerica Price Performance

Shares of NYSE PRI opened at $279.52 on Thursday. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.19 and a beta of 0.90. Primerica, Inc. has a 12 month low of $230.09 and a 12 month high of $288.03. The firm's 50 day simple moving average is $259.97 and its 200-day simple moving average is $260.02.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $6.13 EPS for the quarter, topping analysts' consensus estimates of $5.69 by $0.44. The business had revenue of $853.51 million for the quarter, compared to analysts' expectations of $839.65 million. Primerica had a net margin of 22.82% and a return on equity of 32.30%. The business's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $5.03 EPS. Analysts anticipate that Primerica, Inc. will post 23.84 earnings per share for the current fiscal year.

Primerica Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, February 23rd were given a dividend of $1.20 per share. This is a positive change from Primerica's previous quarterly dividend of $1.04. The ex-dividend date was Monday, February 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Primerica's payout ratio is 20.93%.

About Primerica

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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