Primerica, Inc. $PRI Shares Sold by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in Primerica, Inc. by 74.5%, now holding only 1,169 shares valued at $333,000.
• CEO Glenn J. Williams sold 2,500 shares for approximately $655,500, decreasing his ownership by 6.43% to about 36,392 shares.
• Primerica reported strong earnings with $5.46 EPS for the last quarter, surpassing estimates and showing a 0.3% revenue increase year-over-year.

Dynamic Technology Lab Private Ltd decreased its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 74.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,169 shares of the financial services provider's stock after selling 3,421 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Primerica were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PRI. True Wealth Design LLC acquired a new position in shares of Primerica in the fourth quarter worth $27,000. Headlands Technologies LLC grew its stake in shares of Primerica by 2,300.0% in the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock worth $48,000 after acquiring an additional 161 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Primerica during the first quarter worth $64,000. Golden State Wealth Management LLC grew its stake in shares of Primerica by 105.7% during the first quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock worth $72,000 after purchasing an additional 130 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Primerica by 26.9% during the first quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $87,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Primerica

In other news, CEO Glenn J. Williams sold 2,500 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.20, for a total value of $655,500.00. Following the completion of the sale, the chief executive officer directly owned 36,392 shares of the company's stock, valued at approximately $9,541,982.40. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Primerica Price Performance

Shares of PRI opened at $274.28 on Friday. Primerica, Inc. has a 1-year low of $230.98 and a 1-year high of $307.91. The stock has a market cap of $8.88 billion, a PE ratio of 13.55 and a beta of 1.00. The firm has a fifty day moving average price of $266.56 and a 200 day moving average price of $268.87.

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

Primerica Dividend Announcement

The firm 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 $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 22nd. Primerica's dividend payout ratio is presently 20.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a research note on Monday, August 11th. Morgan Stanley boosted their target price on shares of Primerica from $292.00 to $308.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Finally, Jefferies Financial Group lowered their target price 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. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $315.29.

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.

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