SVB Wealth LLC Has $11.43 Million Holdings in Primerica, Inc. (NYSE:PRI)

SVB Wealth LLC decreased its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,544 shares of the financial services provider's stock after selling 18,942 shares during the quarter. SVB Wealth LLC owned approximately 0.16% of Primerica worth $11,429,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFW Advisors LLC raised its stake in shares of Primerica by 3.8% in the 4th quarter. PFW Advisors LLC now owns 1,521 shares of the financial services provider's stock valued at $313,000 after purchasing an additional 56 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Primerica by 1.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,744 shares of the financial services provider's stock worth $726,000 after buying an additional 59 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Primerica by 2.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,281 shares of the financial services provider's stock worth $393,000 after acquiring an additional 59 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Primerica by 0.6% in the 3rd quarter. Arizona State Retirement System now owns 10,314 shares of the financial services provider's stock valued at $2,001,000 after acquiring an additional 60 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Primerica by 1.4% in the 3rd quarter. Creative Planning now owns 4,349 shares of the financial services provider's stock valued at $844,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In other news, President Peter W. Schneider sold 1,500 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the sale, the president now owns 13,259 shares in the company, valued at $3,227,373.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Primerica news, Director John A. Jr. Addison sold 1,215 shares of Primerica stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $249.00, for a total transaction of $302,535.00. Following the transaction, the director now owns 16,467 shares of the company's stock, valued at approximately $4,100,283. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Peter W. Schneider sold 1,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $243.41, for a total transaction of $365,115.00. Following the completion of the sale, the president now directly owns 13,259 shares of the company's stock, valued at $3,227,373.19. The disclosure for this sale can be found here. Insiders sold a total of 6,708 shares of company stock worth $1,648,677 over the last ninety days. 0.61% of the stock is currently owned by company insiders.

Primerica Stock Up 0.5 %

Primerica stock traded up $0.99 during mid-day trading on Tuesday, hitting $214.03. The company's stock had a trading volume of 244,268 shares, compared to its average volume of 132,372. Primerica, Inc. has a twelve month low of $173.00 and a twelve month high of $256.56. The stock's fifty day moving average price is $244.64 and its two-hundred day moving average price is $221.78. The stock has a market capitalization of $7.43 billion, a P/E ratio of 13.48 and a beta of 1.06.

Primerica (NYSE:PRI - Get Free Report) last issued its earnings results on Tuesday, February 13th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.27 by ($0.02). Primerica had a return on equity of 27.83% and a net margin of 20.37%. The company had revenue of $726.34 million during the quarter, compared to analyst estimates of $723.64 million. During the same quarter in the previous year, the firm earned $3.49 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Primerica, Inc. will post 17.76 earnings per share for the current year.

Primerica Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, February 20th. This is a positive change from Primerica's previous quarterly dividend of $0.65. This represents a $3.00 dividend on an annualized basis and a yield of 1.40%. Primerica's dividend payout ratio is currently 18.89%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Primerica from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th. Truist Financial increased their price objective on shares of Primerica from $260.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Raymond James cut shares of Primerica from a "strong-buy" rating to a "market perform" rating in a report on Monday, February 12th. Morgan Stanley upped their target price on Primerica from $245.00 to $250.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods raised their price target on Primerica from $255.00 to $260.00 and gave the stock a "market perform" rating in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $245.50.

About Primerica

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.