Two Sigma Advisers LP Invests $869,000 in Primerica, Inc. (NYSE:PRI)

Two Sigma Advisers LP acquired a new stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,200 shares of the financial services provider's stock, valued at approximately $869,000.

Other institutional investors also recently bought and sold shares of the company. Mariner LLC lifted its holdings in Primerica by 1.4% during the 4th quarter. Mariner LLC now owns 2,611 shares of the financial services provider's stock valued at $709,000 after buying an additional 36 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Primerica by 1.2% in the 4th quarter. Dana Investment Advisors Inc. now owns 3,729 shares of the financial services provider's stock valued at $1,012,000 after acquiring an additional 45 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Primerica by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 1,108 shares of the financial services provider's stock worth $301,000 after buying an additional 54 shares in the last quarter. Assetmark Inc. raised its position in Primerica by 3.9% during the fourth quarter. Assetmark Inc. now owns 1,518 shares of the financial services provider's stock worth $412,000 after acquiring an additional 57 shares during the period. Finally, Everhart Financial Group Inc. raised its position in Primerica by 2.5% during the fourth quarter. Everhart Financial Group Inc. now owns 2,676 shares of the financial services provider's stock worth $726,000 after acquiring an additional 65 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PRI. Morgan Stanley increased their target price on shares of Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen lowered shares of Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $308.00.

Primerica Price Performance

Primerica stock traded down $3.25 during mid-day trading on Thursday, reaching $264.87. 191,228 shares of the company were exchanged, compared to its average volume of 156,292. Primerica, Inc. has a 12 month low of $219.52 and a 12 month high of $307.91. The company has a fifty day simple moving average of $265.09 and a 200-day simple moving average of $278.41. The firm has a market cap of $8.77 billion, a PE ratio of 19.26 and a beta of 1.02.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.25. The business had revenue of $803.56 million for the quarter, compared to analyst estimates of $783.54 million. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.91 earnings per share. Sell-side analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's dividend payout ratio is 27.98%.

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.