SG Americas Securities LLC Purchases New Holdings in Primerica, Inc. (NYSE:PRI)

SG Americas Securities LLC purchased a new position in shares of Primerica, Inc. (NYSE:PRI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,366 shares of the financial services provider's stock, valued at approximately $389,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its stake in Primerica by 59.4% during the fourth quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock worth $30,323,000 after acquiring an additional 41,612 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Primerica by 10.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider's stock worth $32,573,000 after acquiring an additional 11,612 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Primerica by 11.4% during the fourth quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider's stock worth $31,840,000 after acquiring an additional 11,996 shares during the last quarter. Callan Family Office LLC increased its stake in Primerica by 273.8% during the fourth quarter. Callan Family Office LLC now owns 5,024 shares of the financial services provider's stock worth $1,364,000 after acquiring an additional 3,680 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in Primerica during the fourth quarter worth about $1,343,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods dropped their price target on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley increased their target price on Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Primerica presently has a consensus rating of "Hold" and a consensus price target of $308.00.

Primerica Stock Performance

Shares of PRI stock traded down $4.69 during trading hours on Wednesday, reaching $263.89. The company had a trading volume of 377,729 shares, compared to its average volume of 155,716. Primerica, Inc. has a twelve month low of $230.98 and a twelve month high of $307.91. The company has a market capitalization of $8.73 billion, a P/E ratio of 17.75 and a beta of 0.99. The stock's fifty day simple moving average is $265.42 and its 200 day simple moving average is $274.50.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. The firm had revenue of $803.56 million during the quarter, compared to the consensus estimate of $783.54 million. Primerica had a return on equity of 32.30% and a net margin of 15.82%. Primerica's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.91 earnings per share. As a group, equities analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, May 22nd. Primerica's dividend payout ratio is currently 27.98%.

Primerica Company 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.