Fiduciary Management Inc. WI Sells 4,487 Shares of Primerica, Inc. (NYSE:PRI)

Fiduciary Management Inc. WI decreased its position in Primerica, Inc. (NYSE:PRI) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,521 shares of the financial services provider’s stock after selling 4,487 shares during the quarter. Fiduciary Management Inc. WI owned approximately 1.43% of Primerica worth $129,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brant Point Investment Management LLC bought a new position in Primerica in the 4th quarter worth $7,057,000. Canada Pension Plan Investment Board bought a new stake in Primerica during the fourth quarter valued at about $1,981,000. Marshall Wace LLP acquired a new stake in shares of Primerica in the fourth quarter valued at about $1,230,000. Zacks Investment Management increased its stake in shares of Primerica by 2.4% in the fourth quarter. Zacks Investment Management now owns 14,991 shares of the financial services provider’s stock worth $4,069,000 after purchasing an additional 356 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Primerica during the 4th quarter worth about $4,869,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Stock Performance

Shares of PRI stock opened at $254.05 on Friday. The firm has a fifty day moving average of $275.50 and a 200-day moving average of $281.50. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 18.48 and a beta of 1.03. Primerica, Inc. has a 52-week low of $210.94 and a 52-week high of $307.91.

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

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, February 21st. This is an increase from Primerica’s previous quarterly dividend of $0.90. Primerica’s dividend payout ratio (DPR) is 30.25%.

Insider Activity at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the company’s 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 directly owns 200 shares of the company’s stock, valued at approximately $56,030. This represents a 53.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’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 transaction of $845,220.00. Following the sale, the chief executive officer now directly owns 33,322 shares of the company’s stock, valued at approximately $9,388,140.28. The trade was a 8.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,234 shares of company stock valued at $1,476,575 in the last 90 days. 0.85% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PRI. StockNews.com lowered Primerica from a “buy” rating to a “hold” rating in a report on Friday, February 7th. 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 price objective on the stock. Morgan Stanley reduced their price target on shares of Primerica from $313.00 to $304.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $309.14.

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.