XTX Topco Ltd Has $388,000 Stock Position in Primerica, Inc. (NYSE:PRI)

XTX Topco Ltd reduced its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,431 shares of the financial services provider's stock after selling 3,047 shares during the period. XTX Topco Ltd's holdings in Primerica were worth $388,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in shares of Primerica in the fourth 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 during the period. Venturi Wealth Management LLC increased its stake 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 worth $58,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. increased its stake in shares of Primerica by 65.5% in the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock worth $65,000 after purchasing an additional 95 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Primerica by 182.2% in the fourth quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after purchasing an additional 164 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Keefe, Bruyette & Woods lowered their price target on Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. StockNews.com lowered 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 note on Thursday, January 23rd. They set a "market perform" rating and a $311.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Primerica currently has a consensus rating of "Hold" and a consensus target price of $309.14.

Insider Transactions at Primerica

In other news, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total value of $65,555.10. Following the transaction, the insider now directly owns 200 shares of the company's stock, valued at $56,030. The trade was a 53.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the business'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 value 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 $9,388,140.28. The trade was a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,234 shares of company stock valued at $1,476,575 in the last three months. 0.85% of the stock is owned by corporate insiders.

Primerica Stock Performance

NYSE PRI traded up $2.29 during trading on Monday, reaching $263.86. 148,347 shares of the company traded hands, compared to its average volume of 157,962. The stock's 50 day moving average price is $272.67 and its two-hundred day moving average price is $281.04. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 19.19 and a beta of 1.03. Primerica, Inc. has a 1-year low of $211.53 and a 1-year high of $307.91.

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

Primerica Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.58%. This is an increase from Primerica's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, February 21st. Primerica's payout ratio is presently 30.25%.

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.