Teacher Retirement System of Texas decreased its position in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,538 shares of the financial services provider's stock after selling 6,232 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Primerica worth $7,551,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Primerica by 163.7% in the fourth quarter. Jones Financial Companies Lllp now owns 981 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 609 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Primerica by 15.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,047 shares of the financial services provider's stock valued at $556,000 after acquiring an additional 268 shares in the last quarter. Victory Capital Management Inc. increased its stake in Primerica by 16.5% in the fourth quarter. Victory Capital Management Inc. now owns 46,303 shares of the financial services provider's stock valued at $12,568,000 after purchasing an additional 6,561 shares during the last quarter. Assetmark Inc. increased its stake in Primerica by 3.9% in the fourth quarter. Assetmark Inc. now owns 1,518 shares of the financial services provider's stock valued at $412,000 after purchasing an additional 57 shares during the last quarter. Finally, Atria Investments Inc grew its position in shares of Primerica by 8.8% during the fourth quarter. Atria Investments Inc now owns 9,735 shares of the financial services provider's stock worth $2,642,000 after acquiring an additional 785 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.
Primerica Stock Down 1.1%
Shares of NYSE:PRI traded down $3.11 during trading on Wednesday, reaching $269.62. The stock had a trading volume of 154,254 shares, compared to its average volume of 155,628. The business has a fifty day moving average price of $268.39 and a 200-day moving average price of $274.16. The stock has a market cap of $8.92 billion, a P/E ratio of 18.13 and a beta of 0.98. Primerica, Inc. has a fifty-two week low of $230.98 and a fifty-two week high of $307.91.
Primerica (NYSE:PRI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. Primerica had a net margin of 15.82% and a return on equity of 32.30%. The firm had revenue of $803.56 million during the quarter, compared to the consensus estimate of $783.54 million. During the same period in the previous year, the firm earned $3.91 earnings per share. Primerica's revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Primerica, Inc. will post 20.6 EPS for the current year.
Primerica Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a dividend of $1.04 per share. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.54%. Primerica's dividend payout ratio is currently 27.98%.
Analyst Upgrades and Downgrades
PRI has been the subject of several recent research reports. Morgan Stanley increased their price target on Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods cut 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Primerica has an average rating of "Hold" and a consensus target price of $308.00.
Check Out Our Latest Stock Report on PRI
About Primerica
(
Free Report)
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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