Mirabella Financial Services LLP Buys New Shares in Primerica, Inc. (NYSE:PRI)

Mirabella Financial Services LLP purchased a new position in shares of Primerica, Inc. (NYSE:PRI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,979 shares of the financial services provider's stock, valued at approximately $1,622,000.

A number of other hedge funds have also recently bought and sold shares of PRI. Golden State Wealth Management LLC purchased a new position in shares of Primerica in the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its holdings in Primerica by 129.1% in the fourth 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 during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 115 shares during the period. UMB Bank n.a. increased its position in Primerica by 65.5% in the 4th quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 95 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Primerica by 182.2% in the fourth quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

PRI has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets started coverage on Primerica in a research note on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price on the stock. StockNews.com lowered Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Morgan Stanley reduced their target price on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Primerica currently has an average rating of "Hold" and a consensus price target of $309.14.

Primerica Stock Down 0.7 %

Primerica stock traded down $1.89 during mid-day trading on Friday, hitting $261.63. 112,799 shares of the company were exchanged, compared to its average volume of 158,621. The business has a fifty day moving average of $273.00 and a 200 day moving average of $281.07. Primerica, Inc. has a 1-year low of $211.53 and a 1-year high of $307.91. The company has a market capitalization of $8.66 billion, a PE ratio of 19.03 and a beta of 1.03.

Primerica (NYSE:PRI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, beating analysts' consensus estimates of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. Research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, February 21st. This is an increase from Primerica's previous quarterly dividend of $0.90. Primerica's dividend payout ratio (DPR) is presently 30.25%.

Insider Activity

In other news, insider Nicholas Adam Jendusa sold 234 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 200 shares of the company's stock, valued at approximately $56,030. This represents a 53.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Peter W. Schneider sold 2,000 shares of Primerica stock in a transaction dated 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 transaction, the president now directly owns 13,301 shares of the company's stock, valued at approximately $3,762,852.90. This trade represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,234 shares of company stock worth $1,476,575 in the last 90 days. Corporate insiders own 0.61% of the company's stock.

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.