Vista Investment Partners LLC Has $4.38 Million Holdings in Primerica, Inc. $PRI

Key Points

• Vista Investment Partners increased its Primerica stake by 41.8% in the second quarter, bringing its holdings to 15,412 shares valued at approximately $4.38 million. Institutional investors collectively own 90.88% of Primerica.
• Primerica reported quarterly EPS of $6.41, surpassing the $6.03 consensus estimate, while revenue rose 9% year over year to $865.07 million but fell short of estimates. The company declared a $1.20 quarterly dividend, representing a 1.5% yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $308.67, despite some firms raising their targets. Primerica shares opened at $321.03, near their 12-month high of $327.28.

Vista Investment Partners LLC raised its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 41.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,412 shares of the financial services provider's stock after purchasing an additional 4,542 shares during the period. Vista Investment Partners LLC's holdings in Primerica were worth $4,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of Primerica by 20.6% during the first quarter. Integrated Wealth Concepts LLC now owns 2,142 shares of the financial services provider's stock valued at $609,000 after buying an additional 366 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Primerica by 27.7% during the first quarter. Goldman Sachs Group Inc. now owns 129,666 shares of the financial services provider's stock worth $36,894,000 after buying an additional 28,129 shares in the last quarter. Empowered Funds LLC bought a new position in Primerica during the first quarter valued at about $1,763,000. Focus Partners Wealth increased its stake in Primerica by 17.5% during the first quarter. Focus Partners Wealth now owns 1,398 shares of the financial services provider's stock valued at $398,000 after acquiring an additional 208 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Primerica by 205.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 177 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Primerica news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction on Monday, May 18th. The stock was sold at an average price of $279.64, for a total transaction of $503,352.00. Following the completion of the transaction, the president directly owned 9,811 shares of the company's stock, valued at approximately $2,743,548.04. This trade represents a 15.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $280.49, for a total transaction of $420,735.00. Following the completion of the sale, the chief executive officer owned 33,696 shares in the company, valued at $9,451,391.04. This represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.63% of the company's stock.

Primerica Stock Down 0.1%

Shares of PRI opened at $321.03 on Monday. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 12.89 and a beta of 0.87. Primerica, Inc. has a 12 month low of $230.09 and a 12 month high of $327.28. The company has a 50-day moving average price of $295.47 and a two-hundred day moving average price of $274.77.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.38. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The company had revenue of $865.07 million for the quarter, compared to analyst estimates of $881.00 million. During the same period in the prior year, the company posted $5.46 EPS. The company's revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that Primerica, Inc. will post 24.7 EPS for the current fiscal year.

Primerica Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.80 annualized dividend and a yield of 1.5%. Primerica's payout ratio is currently 19.28%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PRI. TD Cowen raised their price objective on Primerica from $322.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Jefferies Financial Group boosted their price objective on Primerica from $266.00 to $268.00 and gave the company a "hold" rating in a research report on Friday, July 10th. Weiss Ratings upgraded Primerica from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday, July 24th. Morgan Stanley raised their target price on Primerica from $280.00 to $291.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Primerica from $305.00 to $323.00 and gave the stock a "market perform" rating in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $308.67.

About Primerica

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica's core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.

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