Primerica, Inc. (NYSE:PRI) Position Increased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in Primerica, Inc. (NYSE:PRI - Free Report) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,877 shares of the financial services provider's stock after acquiring an additional 4,445 shares during the period. Gotham Asset Management LLC owned 0.07% of Primerica worth $6,209,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PRI. Colonial Trust Co SC bought a new stake in Primerica during the fourth quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in Primerica during the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC increased its stake in Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 71 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Primerica by 116.2% during the fourth quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 115 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Primerica by 65.5% during the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 95 shares during 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 company's stock in a transaction dated 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 sale, the insider now directly owns 200 shares of the company's stock, valued at approximately $56,030. This represents a 53.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $281.74, for a total transaction of $845,220.00. Following the completion of the sale, the chief executive officer now directly owns 33,322 shares of the company's stock, valued at $9,388,140.28. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,234 shares of company stock valued at $1,476,575 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Primerica Stock Performance

Shares of Primerica stock traded up $2.81 during trading on Friday, hitting $279.02. 158,238 shares of the stock were exchanged, compared to its average volume of 158,039. The stock has a market cap of $9.23 billion, a PE ratio of 20.29 and a beta of 1.02. The stock's fifty day moving average is $269.12 and its 200 day moving average is $280.03. Primerica, Inc. has a 12 month low of $219.52 and a 12 month high of $307.91.

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

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, May 22nd. Primerica's payout ratio is currently 27.98%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Primerica in a research note on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price for the company. Keefe, Bruyette & Woods lowered 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 note on Wednesday, April 9th. StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Morgan Stanley lowered their price target on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Primerica currently has a consensus rating of "Hold" and a consensus target price of $309.14.

Primerica Company 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.