Vident Advisory LLC Decreases Holdings in Primerica, Inc. (NYSE:PRI)

Vident Advisory LLC cut its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 84.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,111 shares of the financial services provider's stock after selling 5,918 shares during the quarter. Vident Advisory LLC's holdings in Primerica were worth $302,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Primerica by 108.1% in the 3rd quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock valued at $5,428,000 after acquiring an additional 10,635 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Primerica by 3.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,959 shares of the financial services provider's stock valued at $803,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. increased its stake in Primerica by 44.7% in the fourth quarter. Blue Trust Inc. now owns 965 shares of the financial services provider's stock valued at $256,000 after purchasing an additional 298 shares in the last quarter. KBC Group NV raised its holdings in shares of Primerica by 51.9% during the fourth quarter. KBC Group NV now owns 1,329 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 454 shares during the period. Finally, R Squared Ltd bought a new position in shares of Primerica during the 4th quarter worth about $445,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Nicholas Adam Jendusa sold 234 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the sale, the insider now directly owns 200 shares of the company's stock, valued at approximately $56,030. This trade represents a 53.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Peter W. Schneider sold 2,000 shares of Primerica stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total value of $565,800.00. Following the sale, the president now owns 13,301 shares in the company, valued at $3,762,852.90. This trade represents a 13.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

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

Primerica Stock Up 0.3%

PRI stock traded up $0.72 during mid-day trading on Monday, reaching $271.32. 151,668 shares of the company traded hands, compared to its average volume of 156,611. The firm's 50 day moving average price is $265.73 and its 200 day moving average price is $278.52. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 19.73 and a beta of 1.02. Primerica, Inc. has a fifty-two week low of $219.52 and a fifty-two week high of $307.91.

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

Primerica Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.53%. 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.