UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $38.73 Million Stake in Primerica, Inc. (NYSE:PRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,679 shares of the financial services provider's stock after purchasing an additional 11,737 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.43% of Primerica worth $38,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PRI. Barclays PLC lifted its stake in shares of Primerica by 108.1% in the third quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock valued at $5,428,000 after buying an additional 10,635 shares during the period. Ballentine Partners LLC increased its stake in Primerica by 10.9% during the fourth quarter. Ballentine Partners LLC now owns 899 shares of the financial services provider's stock valued at $244,000 after acquiring an additional 88 shares during the period. Mutual Advisors LLC raised its holdings in Primerica by 10.8% in the 4th quarter. Mutual Advisors LLC now owns 1,394 shares of the financial services provider's stock valued at $402,000 after acquiring an additional 136 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Primerica by 3.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,959 shares of the financial services provider's stock valued at $803,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Primerica by 44.7% in the 4th quarter. Blue Trust Inc. now owns 965 shares of the financial services provider's stock worth $256,000 after acquiring an additional 298 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Stock Performance

Shares of NYSE:PRI traded down $1.91 on Friday, hitting $267.86. The stock had a trading volume of 21,297 shares, compared to its average volume of 156,402. The firm's 50 day moving average price is $266.52 and its 200-day moving average price is $279.21. Primerica, Inc. has a twelve month low of $219.52 and a twelve month high of $307.91. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 19.59 and a beta of 1.02.

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

Primerica Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a dividend of $1.04 per share. The ex-dividend date is Thursday, May 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.55%. Primerica's dividend payout ratio is 27.98%.

Insider Buying and Selling at Primerica

In other news, insider Nicholas Adam Jendusa sold 234 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $56,030. This represents a 53.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Peter W. Schneider sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total transaction of $565,800.00. Following the completion of the sale, the president now directly owns 13,301 shares of the company's stock, valued at approximately $3,762,852.90. This represents a 13.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

PRI has been the topic of a number of research reports. Wall Street Zen cut Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley lifted their target price on shares of Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $308.00.

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.