Russell Investments Group Ltd. Boosts Holdings in Primerica, Inc. (NYSE:PRI)

Russell Investments Group Ltd. boosted its position in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,358 shares of the financial services provider's stock after buying an additional 5,202 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Primerica worth $6,247,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its stake in shares of Primerica by 10.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,409 shares of the financial services provider's stock worth $290,000 after buying an additional 130 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Primerica in the 4th quarter valued at $133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Primerica by 10.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,166 shares of the financial services provider's stock worth $1,680,000 after purchasing an additional 764 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Primerica during the fourth quarter worth $305,000. Finally, Louisiana State Employees Retirement System bought a new stake in Primerica in the fourth quarter valued at about $2,016,000. 90.88% of the stock is currently owned by institutional investors.

Primerica Stock Up 1.1 %

PRI traded up $2.36 during trading on Thursday, hitting $220.53. The company had a trading volume of 147,946 shares, compared to its average volume of 165,526. The firm's 50-day moving average price is $235.56 and its 200 day moving average price is $223.42. The company has a market capitalization of $7.65 billion, a PE ratio of 13.42 and a beta of 1.10. Primerica, Inc. has a one year low of $176.81 and a one year high of $256.56.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The financial services provider reported $3.91 earnings per share for the quarter, missing the consensus estimate of $4.12 by ($0.21). Primerica had a return on equity of 27.83% and a net margin of 20.37%. The firm had revenue of $742.83 million for the quarter, compared to analyst estimates of $740.57 million. During the same period in the prior year, the company earned $3.49 earnings per share. The firm's quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts forecast that Primerica, Inc. will post 17.78 earnings per share for the current year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 21st will be issued a $0.75 dividend. The ex-dividend date is Monday, May 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.36%. Primerica's dividend payout ratio (DPR) is presently 18.26%.

Analysts Set New Price Targets

PRI has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Primerica from $255.00 to $260.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. Raymond James lowered shares of Primerica from a "strong-buy" rating to a "market perform" rating in a report on Monday, February 12th. Morgan Stanley boosted their price target on shares of Primerica from $245.00 to $250.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Truist Financial raised their price objective on Primerica from $260.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Finally, StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $245.50.

Insider Transactions at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $249.81, for a total value of $58,455.54. Following the sale, the insider now directly owns 100 shares in the company, valued at approximately $24,981. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 value of $365,115.00. Following the completion of the sale, the president now owns 13,259 shares of the company's stock, valued at approximately $3,227,373.19. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total transaction of $58,455.54. Following the transaction, the insider now owns 100 shares in the company, valued at $24,981. The disclosure for this sale can be found here. Insiders have sold a total of 6,708 shares of company stock valued at $1,648,677 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

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.