Schonfeld Strategic Advisors LLC Buys 3,490 Shares of Primerica, Inc. (NYSE:PRI)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 129.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,182 shares of the financial services provider's stock after purchasing an additional 3,490 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Primerica were worth $1,678,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Primerica in the 4th quarter worth about $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Primerica by 129.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after purchasing an additional 71 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Primerica by 116.2% in the fourth quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. lifted its stake in shares of Primerica by 65.5% during the 4th quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock valued at $65,000 after buying an additional 95 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Primerica by 182.2% in the 4th quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after buying an additional 164 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Glenn J. Williams sold 3,000 shares of the 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 sale, the chief executive officer now owns 33,322 shares of the company's stock, valued at approximately $9,388,140.28. This 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 Primerica stock in a transaction on 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 transaction, the president now directly owns 13,301 shares in the company, valued at approximately $3,762,852.90. The trade was a 13.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,234 shares of company stock valued at $1,476,575 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Primerica Trading Up 1.9%

Shares of NYSE PRI traded up $4.99 during midday trading on Monday, hitting $273.70. 15,420 shares of the company's stock were exchanged, compared to its average volume of 156,668. The business's fifty day moving average price is $269.75 and its two-hundred day moving average price is $280.16. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 19.91 and a beta of 1.02. Primerica, Inc. has a 12-month low of $219.52 and a 12-month high of $307.91.

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. 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 posted $3.91 EPS. The business's quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a $1.04 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.52%. Primerica's payout ratio is 30.25%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PRI. BMO Capital Markets assumed coverage on shares of Primerica in a report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price on the stock. Keefe, Bruyette & Woods reduced their price target on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Morgan Stanley decreased their price target 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $309.14.

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.