Northern Trust Corp Purchases 46,935 Shares of Primerica, Inc. (NYSE:PRI)

Northern Trust Corp grew its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 347,040 shares of the financial services provider's stock after acquiring an additional 46,935 shares during the quarter. Northern Trust Corp owned about 1.04% of Primerica worth $94,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Primerica by 108.1% in the third quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock valued at $5,428,000 after acquiring an additional 10,635 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Primerica in the third quarter worth approximately $336,000. GAMMA Investing LLC boosted its stake in Primerica by 14.9% during the 4th quarter. GAMMA Investing LLC now owns 1,128 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 146 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Primerica during the 4th quarter valued at $228,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Primerica by 20.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 11,976 shares of the financial services provider's stock worth $3,251,000 after buying an additional 2,010 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Primerica

In other news, President Peter W. Schneider sold 2,000 shares of the firm'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 transaction, the president now owns 13,301 shares in the company, valued at approximately $3,762,852.90. This trade represents a 13.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Adam Jendusa sold 234 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the sale, the insider now owns 200 shares of the company's stock, valued at $56,030. This represents a 53.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,234 shares of company stock worth $1,476,575 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Primerica Trading Down 1.3 %

NYSE:PRI traded down $3.45 on Friday, hitting $268.55. 110,912 shares of the company's stock traded hands, compared to its average volume of 157,224. The firm has a 50-day moving average price of $269.75 and a 200-day moving average price of $280.15. The company has a market cap of $8.89 billion, a PE ratio of 19.53 and a beta of 1.02. Primerica, Inc. has a 1 year low of $219.52 and a 1 year high of $307.91.

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

Primerica Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's payout ratio is presently 30.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets started 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. 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 note on Wednesday, April 9th. StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Morgan Stanley decreased their target price on Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently 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.