Rep. Jefferson Shreve Sells Off Shares of Primerica, Inc. (NYSE:PRI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Primerica, Inc. NYSE: PRI. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Primerica stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Primerica Trading Up 0.6%

PRI stock traded up $1.48 during trading on Friday, hitting $265.61. 100,681 shares of the stock traded hands, compared to its average volume of 169,939. Primerica, Inc. has a one year low of $230.98 and a one year high of $307.91. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 17.86 and a beta of 0.98. The company has a 50 day simple moving average of $267.47 and a 200 day simple moving average of $273.54.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $803.56 million during the quarter, compared to analysts' expectations of $783.54 million. Primerica had a net margin of 15.82% and a return on equity of 32.30%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 EPS. As a group, analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, May 22nd. Primerica's dividend payout ratio is currently 27.98%.

Analysts Set New Price Targets

Several research firms have weighed in on PRI. Morgan Stanley raised their price objective on shares of Primerica from $274.00 to $296.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods lowered their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $317.83.

Institutional Investors Weigh In On Primerica

Institutional investors have recently modified their holdings of the business. Colonial Trust Co SC acquired a new stake in shares of Primerica during the 4th quarter worth approximately $25,000. True Wealth Design LLC acquired a new position in Primerica during the fourth quarter valued at approximately $27,000. Hilltop National Bank acquired a new position in Primerica during the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 71 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in Primerica by 108.5% during the second quarter. AdvisorNet Financial Inc now owns 148 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.