Primerica, Inc. $PRI Shares Purchased by Versor Investments LP

Versor Investments LP increased its position in shares of Primerica, Inc. (NYSE:PRI) by 40.2% during the second quarter, Holdings Channel.com reports. The fund owned 1,332 shares of the financial services provider’s stock after acquiring an additional 382 shares during the quarter. Versor Investments LP’s holdings in Primerica were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PRI. Mutual Advisors LLC boosted its position in shares of Primerica by 10.8% in the 1st quarter. Mutual Advisors LLC now owns 1,545 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 151 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Primerica by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 76,780 shares of the financial services provider’s stock valued at $21,846,000 after buying an additional 283 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Primerica by 15.3% during the 1st quarter. TD Private Client Wealth LLC now owns 421 shares of the financial services provider’s stock valued at $120,000 after buying an additional 56 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Primerica by 46.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 10,532 shares of the financial services provider’s stock valued at $2,997,000 after acquiring an additional 3,354 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Primerica by 4.1% in the 1st quarter. M&T Bank Corp now owns 2,881 shares of the financial services provider’s stock valued at $820,000 after acquiring an additional 113 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PRI. BMO Capital Markets raised Primerica from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $292.00 to $318.00 in a research report on Tuesday, September 23rd. Zacks Research raised Primerica from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Piper Sandler set a $292.00 price target on Primerica and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods boosted their price objective on Primerica from $315.00 to $320.00 and gave the company a “market perform” rating in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Primerica in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Primerica has an average rating of “Moderate Buy” and an average target price of $314.86.

Primerica Stock Down 1.8%

PRI stock opened at $255.80 on Thursday. The business has a fifty day moving average of $269.46 and a 200-day moving average of $267.30. The company has a market cap of $8.29 billion, a P/E ratio of 12.64 and a beta of 0.96. Primerica, Inc. has a twelve month low of $230.98 and a twelve month high of $307.91.

Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.52 by $0.81. The business had revenue of $838.88 million during the quarter, compared to the consensus estimate of $817.81 million. Primerica had a return on equity of 32.42% and a net margin of 21.48%.The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.83 earnings per share. As a group, equities research analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Glenn J. Williams sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total value of $655,500.00. Following the completion of the sale, the chief executive officer owned 36,392 shares in the company, valued at approximately $9,541,982.40. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

Primerica Company 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.