Wealth Enhancement Advisory Services LLC Has $1.40 Million Holdings in Primerica, Inc. (NYSE:PRI)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 45.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,928 shares of the financial services provider's stock after buying an additional 1,543 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Primerica were worth $1,402,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PRI. Mariner LLC lifted its position in shares of Primerica by 1.4% in the 4th quarter. Mariner LLC now owns 2,611 shares of the financial services provider's stock valued at $709,000 after acquiring an additional 36 shares in the last quarter. Dana Investment Advisors Inc. lifted its position 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 in the last quarter. Assetmark Inc. lifted its position in shares of Primerica by 3.9% in the 4th quarter. Assetmark Inc. now owns 1,518 shares of the financial services provider's stock valued at $412,000 after acquiring an additional 57 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Primerica by 26.9% in the 1st quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 65 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Primerica by 2.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,507 shares of the financial services provider's stock valued at $681,000 after acquiring an additional 69 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Primerica Stock Performance

Shares of Primerica stock traded up $2.56 during midday trading on Friday, reaching $277.24. 164,980 shares of the company's stock traded hands, compared to its average volume of 155,860. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 18.64 and a beta of 0.98. The company's 50 day simple moving average is $267.57 and its 200 day simple moving average is $274.08. Primerica, Inc. has a 52 week low of $230.98 and a 52 week high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, beating analysts' consensus estimates of $4.77 by $0.25. The business had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. Primerica had a net margin of 15.82% and a return on equity of 32.30%. Primerica's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.91 EPS. As a group, equities research analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid a $1.04 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.50%. Primerica's payout ratio is presently 27.98%.

Analyst Ratings Changes

PRI has been the subject of several research analyst reports. Morgan Stanley upped their price target 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. Keefe, Bruyette & Woods cut their target price on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Primerica has an average 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.