Primerica, Inc. (NYSE:PRI) Shares Sold by Parkwood LLC

Parkwood LLC lessened its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,031 shares of the financial services provider's stock after selling 11,229 shares during the quarter. Primerica makes up about 1.2% of Parkwood LLC's investment portfolio, making the stock its 27th biggest position. Parkwood LLC owned 0.12% of Primerica worth $10,865,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of Primerica by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider's stock worth $211,691,000 after purchasing an additional 82,921 shares during the period. Northern Trust Corp raised its position in shares of Primerica by 15.6% in the 4th quarter. Northern Trust Corp now owns 347,040 shares of the financial services provider's stock worth $94,194,000 after buying an additional 46,935 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Primerica by 1.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 230,736 shares of the financial services provider's stock worth $62,626,000 after buying an additional 2,905 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Primerica by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 159,774 shares of the financial services provider's stock worth $43,366,000 after buying an additional 1,484 shares during the period. Finally, FIL Ltd raised its position in shares of Primerica by 85.5% in the 4th quarter. FIL Ltd now owns 131,365 shares of the financial services provider's stock worth $35,655,000 after buying an additional 60,565 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Primerica Trading Up 1.0%

NYSE:PRI traded up $2.81 during mid-day trading on Friday, hitting $279.02. The company had a trading volume of 158,238 shares, compared to its average volume of 158,039. The business has a fifty day simple moving average of $269.12 and a 200-day simple moving average of $280.03. Primerica, Inc. has a 1 year low of $219.52 and a 1 year high of $307.91. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 20.29 and a beta of 1.02.

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

Primerica Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, May 22nd. This represents a $4.16 annualized dividend and a dividend yield of 1.49%. Primerica's dividend payout ratio is presently 27.98%.

Insider Activity

In other news, CEO Glenn J. Williams sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at $9,388,140.28. This trade represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Adam Jendusa sold 234 shares of the firm'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 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. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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