Aptus Capital Advisors LLC Buys 6,682 Shares of Primerica, Inc. (NYSE:PRI)

Aptus Capital Advisors LLC grew its position in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,027 shares of the financial services provider's stock after buying an additional 6,682 shares during the period. Aptus Capital Advisors LLC owned 0.11% of Primerica worth $9,778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Primerica by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider's stock valued at $211,691,000 after acquiring an additional 82,921 shares during the period. Northern Trust Corp raised its stake in shares of Primerica by 15.6% during the 4th quarter. Northern Trust Corp now owns 347,040 shares of the financial services provider's stock valued at $94,194,000 after purchasing an additional 46,935 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Primerica by 1.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 230,736 shares of the financial services provider's stock valued at $62,626,000 after purchasing an additional 2,905 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in 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 purchasing an additional 1,484 shares during the period. Finally, FIL Ltd boosted its stake in 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 purchasing an additional 60,565 shares during the period. Institutional investors own 90.88% of the company's stock.

Insider Transactions at Primerica

In related news, CEO Glenn J. Williams sold 3,000 shares of the 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 owns 33,322 shares in the company, valued at approximately $9,388,140.28. This trade represents a 8.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total value of $565,800.00. Following the completion of the transaction, the president now directly owns 13,301 shares in the company, valued at approximately $3,762,852.90. This represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,234 shares of company stock valued at $1,476,575 over the last quarter. 0.61% of the stock is currently owned by company insiders.

Primerica Stock Performance

Shares of PRI traded down $2.00 during mid-day trading on Friday, hitting $270.00. 38,287 shares of the company traded hands, compared to its average volume of 156,834. Primerica, Inc. has a 1 year low of $217.56 and a 1 year high of $307.91. The stock has a 50-day moving average price of $270.02 and a two-hundred day moving average price of $280.21. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 19.64 and a beta of 1.02.

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

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's payout ratio is 30.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PRI shares. StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Morgan Stanley lowered their price target on Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Keefe, Bruyette & Woods cut their price objective on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Finally, BMO Capital Markets started coverage on shares of Primerica in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 target price on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Primerica has a consensus rating of "Hold" and an average price target 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.