Dynamic Technology Lab Private Ltd Has $333,000 Stock Holdings in Primerica, Inc. $PRI

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 cut its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 74.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of Primerica in the fourth quarter valued at approximately $27,000. Headlands Technologies LLC lifted its stake in Primerica by 2,300.0% during the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 161 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Primerica during the first quarter valued at approximately $64,000. Golden State Wealth Management LLC lifted its stake in Primerica by 105.7% during the first quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 130 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Primerica by 26.9% during the first quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 65 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price 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. Jefferies Financial Group cut 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. Finally, Morgan Stanley increased their target price 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. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $315.29.

Primerica Stock Performance

Shares of NYSE:PRI traded up $1.85 during mid-day trading on Thursday, hitting $272.80. The stock had a trading volume of 166,168 shares, compared to its average volume of 171,072. The company has a market cap of $8.84 billion, a PE ratio of 13.48 and a beta of 1.00. Primerica, Inc. has a 12-month low of $230.98 and a 12-month high of $307.91. The company's 50 day moving average is $266.53 and its 200-day moving average is $268.45.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $5.46 EPS for the quarter, beating the consensus estimate of $5.18 by $0.28. The business had revenue of $796.02 million during the quarter, compared to the consensus estimate of $790.99 million. Primerica had a net margin of 21.48% and a return on equity of 32.42%. The firm's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 22nd were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 22nd. Primerica's dividend payout ratio is currently 20.55%.

Insiders Place Their Bets

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

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.