Tudor Investment Corp ET AL Purchases 3,793 Shares of Primerica, Inc. (NYSE:PRI)

Tudor Investment Corp ET AL raised its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 121.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,909 shares of the financial services provider's stock after purchasing an additional 3,793 shares during the quarter. Tudor Investment Corp ET AL's holdings in Primerica were worth $1,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC raised its holdings in Primerica by 108.1% in the third quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock worth $5,428,000 after purchasing an additional 10,635 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Primerica in the 3rd quarter worth about $336,000. GAMMA Investing LLC lifted its position in Primerica by 14.9% during the 4th quarter. GAMMA Investing LLC now owns 1,128 shares of the financial services provider's stock valued at $306,000 after acquiring an additional 146 shares during the period. Everence Capital Management Inc. purchased a new stake in Primerica in the fourth quarter worth about $228,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Primerica by 20.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 11,976 shares of the financial services provider's stock worth $3,251,000 after purchasing an additional 2,010 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PRI shares. Morgan Stanley lowered their target price on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Keefe, Bruyette & Woods lowered their price objective on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, 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 price target for the company. Six 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 presently has an average rating of "Hold" and an average target price of $309.14.

Primerica Stock Performance

Shares of PRI stock traded down $3.45 during mid-day trading on Friday, hitting $268.55. The company's stock had a trading volume of 110,912 shares, compared to its average volume of 157,224. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 19.53 and a beta of 1.02. Primerica, Inc. has a 52-week low of $219.52 and a 52-week high of $307.91. The business has a 50-day moving average price of $269.75 and a 200 day moving average price of $280.15.

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, topping 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 analyst estimates of $783.54 million. During the same quarter in the previous year, the firm earned $3.91 EPS. Primerica's revenue was up 8.3% on a year-over-year basis. Equities research analysts predict that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, May 22nd. Primerica's dividend payout ratio is currently 30.25%.

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.