Schonfeld Strategic Advisors LLC Has $1.68 Million Stock Position in Primerica, Inc. (NYSE:PRI)

Schonfeld Strategic Advisors LLC boosted its position in 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. The fund owned 6,182 shares of the financial services provider's stock after buying an additional 3,490 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Primerica were worth $1,678,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in Primerica in the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after buying an additional 71 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Primerica by 116.2% in the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. grew its position in Primerica by 65.5% during the 4th 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. Finally, Bessemer Group Inc. increased its holdings in Primerica by 182.2% during the 4th quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 164 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on PRI shares. BMO Capital Markets assumed coverage on Primerica in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 target price for the company. StockNews.com lowered Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley reduced their price objective on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $309.14.

Primerica Stock Down 1.3 %

Shares of NYSE:PRI traded down $3.45 during midday trading on Friday, hitting $268.55. The stock had a trading volume of 110,912 shares, compared to its average volume of 157,224. The company has a market cap of $8.89 billion, a P/E ratio of 19.53 and a beta of 1.02. The business's 50-day simple moving average is $269.75 and its 200-day simple moving average is $280.15. 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 issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.77 by $0.25. The business had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.91 earnings per share. As a group, equities analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Announces Dividend

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

Insider Activity

In other news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total value of $845,220.00. Following the completion of the transaction, the chief executive officer now directly owns 33,322 shares of the company's stock, valued at approximately $9,388,140.28. This trade represents a 8.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Peter W. Schneider sold 2,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total value of $565,800.00. Following the sale, the president now owns 13,301 shares in the company, valued at approximately $3,762,852.90. The trade was a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,234 shares of company stock valued at $1,476,575 over the last quarter. 0.61% of the stock is owned by company insiders.

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.