Primerica, Inc. (NYSE:PRI) Stock Holdings Boosted by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lifted its position in Primerica, Inc. (NYSE:PRI - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,428 shares of the financial services provider's stock after acquiring an additional 7,851 shares during the period. Lighthouse Investment Partners LLC owned 0.19% of Primerica worth $16,944,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Colonial Trust Co SC bought a new stake in shares of Primerica during the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Primerica during the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC increased its holdings in Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 71 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Primerica by 116.2% during the 4th 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 last quarter. Finally, UMB Bank n.a. increased its stake in Primerica by 65.5% during the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock worth $65,000 after acquiring an additional 95 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PRI. Keefe, Bruyette & Woods lowered 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. BMO Capital Markets assumed coverage on shares of Primerica in a report on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Finally, StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Primerica currently has a consensus rating of "Hold" and a consensus target price of $309.14.

Insider Transactions at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the company'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 transaction, the insider now directly owns 200 shares in the company, valued at approximately $56,030. This represents a 53.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glenn J. Williams sold 3,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total value of $845,220.00. Following the sale, the chief executive officer now owns 33,322 shares in the company, valued at $9,388,140.28. This trade represents a 8.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,234 shares of company stock worth $1,476,575. Company insiders own 0.61% of the company's stock.

Primerica Price Performance

Shares of PRI stock traded up $2.36 during trading hours on Thursday, hitting $275.62. The company had a trading volume of 202,897 shares, compared to its average volume of 157,582. The company's fifty day moving average is $269.10 and its 200 day moving average is $280.03. Primerica, Inc. has a fifty-two week low of $219.52 and a fifty-two week high of $307.91. The stock has a market capitalization of $9.12 billion, a PE ratio of 20.05 and a beta of 1.02.

Primerica (NYSE:PRI - Get Free Report) last issued its earnings results 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. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The firm had revenue of $803.56 million for the quarter, compared to analysts' expectations of $783.54 million. During the same quarter last year, the company earned $3.91 earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's dividend payout ratio is currently 27.98%.

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.