FJ Capital Management LLC Buys New Shares in Primerica, Inc. (NYSE:PRI)

FJ Capital Management LLC purchased a new stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,981 shares of the financial services provider's stock, valued at approximately $538,000.

A number of other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new position in Primerica during the 4th quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in Primerica during the 4th quarter worth $33,000. EverSource Wealth Advisors LLC grew its holdings in Primerica by 129.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after acquiring an additional 71 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Primerica by 116.2% during the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after acquiring an additional 115 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Primerica by 65.5% during the 4th quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock worth $65,000 after acquiring an additional 95 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction 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 sale, the insider now owns 200 shares of the company's stock, valued at $56,030. The trade was a 53.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Peter W. Schneider sold 2,000 shares of the business's stock in a transaction 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 in the company, valued at $3,762,852.90. This trade represents a 13.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,234 shares of company stock valued at $1,476,575. 0.61% of the stock is owned by company insiders.

Primerica Stock Performance

Shares of Primerica stock traded down $3.45 on Friday, reaching $268.55. The stock had a trading volume of 110,912 shares, compared to its average volume of 157,224. The business's 50-day moving average price is $269.75 and its two-hundred day moving average price is $280.16. Primerica, Inc. has a fifty-two week low of $219.52 and a fifty-two week high of $307.91. The stock has a market cap of $8.89 billion, a P/E ratio of 19.53 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 analysts' consensus estimates of $4.77 by $0.25. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The business had revenue of $803.56 million during the quarter, compared to analysts' expectations of $783.54 million. During the same period in the previous year, the company earned $3.91 earnings per share. Primerica's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's dividend payout ratio (DPR) is currently 30.25%.

Wall Street Analyst Weigh In

PRI has been the topic of a number of recent research reports. StockNews.com downgraded shares of Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Morgan Stanley reduced their price target on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. BMO Capital Markets initiated coverage on shares of Primerica in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price target on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Primerica has a consensus rating of "Hold" and a consensus target price of $309.14.

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.