Primerica, Inc. $PRI Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Primerica, Inc. (NYSE:PRI) by 31.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,287 shares of the financial services provider’s stock after buying an additional 2,948 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Primerica were worth $3,411,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vest Financial LLC grew its position in shares of Primerica by 22.9% in the 3rd quarter. Vest Financial LLC now owns 18,640 shares of the financial services provider’s stock worth $5,174,000 after acquiring an additional 3,470 shares in the last quarter. Root Financial Partners LLC acquired a new position in Primerica in the third quarter worth $27,000. Wealth Enhancement Advisory Services LLC increased its stake in Primerica by 76.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,149 shares of the financial services provider’s stock valued at $1,951,000 after purchasing an additional 3,100 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Primerica during the third quarter worth $394,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Primerica in the 3rd quarter worth about $324,000. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, CEO Glenn J. Williams sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $259.65, for a total value of $649,125.00. Following the completion of the sale, the chief executive officer owned 33,892 shares of the company’s stock, valued at $8,800,057.80. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joel M. Babbit sold 700 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $255.00, for a total transaction of $178,500.00. Following the transaction, the director directly owned 8,400 shares in the company, valued at approximately $2,142,000. The trade was a 7.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,200 shares of company stock valued at $1,338,225 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on PRI. Zacks Research raised shares of Primerica from a “hold” rating to a “strong-buy” rating in a research report on Monday. Keefe, Bruyette & Woods lowered their target price on Primerica from $320.00 to $315.00 and set a “market perform” rating for the company in a report on Tuesday, November 11th. Morgan Stanley set a $292.00 price target on Primerica in a report on Monday, December 15th. Weiss Ratings lowered Primerica from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, January 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Primerica in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

Primerica Trading Up 1.3%

Shares of NYSE PRI opened at $259.40 on Thursday. Primerica, Inc. has a 12-month low of $230.98 and a 12-month high of $298.75. The company has a market cap of $8.28 billion, a PE ratio of 11.92 and a beta of 0.90. The stock has a 50 day simple moving average of $259.34 and a 200-day simple moving average of $263.77.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $6.33 EPS for the quarter, beating the consensus estimate of $5.52 by $0.81. The firm had revenue of $838.88 million for the quarter, compared to analysts’ expectations of $817.81 million. Primerica had a return on equity of 31.75% and a net margin of 22.36%.The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $4.83 EPS. Sell-side analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 19th that permits the company to buyback $475.00 million in shares. This buyback authorization permits the financial services provider to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Primerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, November 21st. Primerica’s payout ratio is currently 19.12%.

About Primerica

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.