Vise Technologies Inc. Purchases Shares of 1,354 Primerica, Inc. (NYSE:PRI)

Vise Technologies Inc. acquired a new position in Primerica, Inc. (NYSE:PRI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,354 shares of the financial services provider's stock, valued at approximately $368,000.

A number of other hedge funds have also recently modified their holdings of the business. Colonial Trust Co SC purchased a new stake in Primerica during the 4th quarter valued at $25,000. True Wealth Design LLC purchased a new stake in shares of Primerica during the fourth quarter valued at $27,000. Golden State Wealth Management LLC bought a new stake in Primerica in the 4th quarter worth about $33,000. EverSource Wealth Advisors LLC raised its position in Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after buying an additional 71 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Primerica by 116.2% in the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after buying an additional 115 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Activity at Primerica

In other Primerica news, President Peter W. Schneider sold 2,000 shares of the company's 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 completion of the sale, the president now directly owns 13,301 shares in the company, valued at $3,762,852.90. This represents a 13.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $65,555.10. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at $56,030. This represents a 53.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Primerica Trading Up 0.3%

Shares of PRI traded up $0.77 during mid-day trading on Friday, hitting $270.54. The company's stock had a trading volume of 159,546 shares, compared to its average volume of 156,949. The company's 50-day moving average is $266.52 and its 200-day moving average is $279.21. Primerica, Inc. has a 52-week low of $219.52 and a 52-week high of $307.91. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 19.68 and a beta of 1.02.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, topping the consensus estimate of $4.77 by $0.25. The firm had revenue of $803.56 million during the quarter, compared to analyst estimates of $783.54 million. Primerica had a net margin of 15.14% and a return on equity of 31.11%. Primerica's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.91 EPS. As a group, sell-side analysts predict that Primerica, Inc. will post 20.6 earnings per share 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 paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.16 annualized dividend and a yield of 1.54%. Primerica's dividend payout ratio (DPR) is currently 27.98%.

Analyst Upgrades and Downgrades

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

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.