Susquehanna Fundamental Investments LLC Invests $4.23 Million in Primerica, Inc. (NYSE:PRI)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,600 shares of the financial services provider's stock, valued at approximately $4,234,000.

A number of other large investors have also recently made changes to their positions in PRI. Barclays PLC boosted its stake in Primerica by 108.1% in the 3rd 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 during the period. Sylvest Advisors LLC bought a new stake in Primerica during the 4th quarter worth approximately $543,000. Oak Thistle LLC lifted its stake in Primerica by 64.9% in the 4th quarter. Oak Thistle LLC now owns 4,936 shares of the financial services provider's stock worth $1,340,000 after purchasing an additional 1,943 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Primerica by 59.4% during the 4th quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock valued at $30,323,000 after purchasing an additional 41,612 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Primerica by 10.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider's stock worth $32,573,000 after purchasing an additional 11,612 shares during the period. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Primerica

In other news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the sale, the insider now owns 200 shares of the company's stock, valued at approximately $56,030. The trade was a 53.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 $9,388,140.28. This represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,234 shares of company stock worth $1,476,575. 0.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price 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. BMO Capital Markets began 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. StockNews.com cut shares of Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Morgan Stanley lowered 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 report on Friday, February 28th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $309.14.

Primerica Stock Performance

PRI stock opened at $263.86 on Tuesday. The company has a market capitalization of $8.73 billion, a PE ratio of 19.19 and a beta of 1.03. The company's 50 day moving average price is $272.67 and its two-hundred day moving average price is $281.04. Primerica, Inc. has a one year low of $211.53 and a one year high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. On average, research analysts predict that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a dividend of $1.04 per share. This is a positive change from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, February 21st. 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.

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