Primerica, Inc. $PRI Stock Holdings Increased by Running Oak Capital LLC

Key Points

• Running Oak Capital LLC has increased its holdings in Primerica, Inc. by 8.1%, owning approximately 61,440 shares valued at $16.8 million, making it the 23rd largest position in its investment portfolio.
• Primerica reported better-than-expected quarterly earnings with $5.46 EPS, surpassing the analysts' estimates of $5.18, and a revenue of $796 million, exceeding anticipated revenues of $790.99 million.
• The company announced a quarterly dividend of $1.04 per share, with a yield of 1.5%, reflecting a dividend payout ratio of 20.55%.

Running Oak Capital LLC raised its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 8.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,440 shares of the financial services provider's stock after buying an additional 4,590 shares during the period. Primerica comprises approximately 1.9% of Running Oak Capital LLC's investment portfolio, making the stock its 23rd biggest position. Running Oak Capital LLC owned approximately 0.19% of Primerica worth $16,814,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Primerica by 11.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,385 shares of the financial services provider's stock worth $919,000 after acquiring an additional 354 shares in the last quarter. Parallel Advisors LLC lifted its holdings 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 valued at $87,000 after purchasing an additional 65 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Primerica in the 1st quarter worth about $210,000. UMB Bank n.a. increased its stake in Primerica by 89.2% in the 1st quarter. UMB Bank n.a. now owns 454 shares of the financial services provider's stock worth $129,000 after purchasing an additional 214 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Primerica by 8.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,914 shares of the financial services provider's stock worth $551,000 after buying an additional 145 shares during the period. Institutional investors own 90.88% of the company's stock.

Primerica Stock Up 0.2%

Primerica stock opened at $278.95 on Monday. Primerica, Inc. has a 12 month low of $230.98 and a 12 month high of $307.91. The stock has a market cap of $9.04 billion, a P/E ratio of 13.78 and a beta of 0.97. The company's fifty day simple moving average is $269.11 and its 200-day simple moving average is $267.75.

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

Primerica Announces Dividend

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

Insider Buying and Selling

In other Primerica 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 value of $655,500.00. Following the completion of the sale, the chief executive officer directly owned 36,392 shares in the company, valued at $9,541,982.40. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets upgraded shares of Primerica from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $292.00 to $318.00 in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Primerica in a research note on Saturday, September 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. Jefferies Financial Group reduced their target price on Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a report on Monday, August 11th. Finally, Morgan Stanley raised their target price on Primerica from $292.00 to $308.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Primerica has a consensus rating of "Moderate Buy" and an average price target of $316.29.

About Primerica

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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