91,991 Shares in Primerica, Inc. $PRI Bought by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension bought a new position in Primerica, Inc. (NYSE:PRI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 91,991 shares of the financial services provider’s stock, valued at approximately $23,767,000.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Primerica by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 613,329 shares of the financial services provider’s stock worth $170,248,000 after purchasing an additional 2,525 shares during the period. First Trust Advisors LP increased its holdings in shares of Primerica by 12.4% during the 3rd quarter. First Trust Advisors LP now owns 492,083 shares of the financial services provider’s stock worth $136,597,000 after purchasing an additional 54,158 shares during the period. AQR Capital Management LLC increased its holdings in shares of Primerica by 25.5% during the 3rd quarter. AQR Capital Management LLC now owns 347,531 shares of the financial services provider’s stock worth $96,089,000 after purchasing an additional 70,510 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Primerica by 2.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 256,774 shares of the financial services provider’s stock worth $71,278,000 after purchasing an additional 6,623 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Primerica by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 216,312 shares of the financial services provider’s stock worth $56,150,000 after purchasing an additional 31,876 shares during the period. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, CEO Glenn J. Williams sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $256.41, for a total transaction of $641,025.00. Following the transaction, the chief executive officer directly owned 27,392 shares in the company, valued at approximately $7,023,582.72. This represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Peter W. Schneider sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $252.38, for a total transaction of $454,284.00. Following the transaction, the president owned 11,611 shares in the company, valued at $2,930,384.18. The trade was a 13.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PRI has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Primerica in a report on Wednesday, May 6th. Zacks Research downgraded shares of Primerica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Morgan Stanley dropped their price objective on shares of Primerica from $292.00 to $285.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, TD Cowen restated a “buy” rating on shares of Primerica in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $296.60.

Primerica Stock Up 0.8%

NYSE:PRI opened at $269.12 on Friday. The firm has a market cap of $8.39 billion, a PE ratio of 11.28 and a beta of 0.91. Primerica, Inc. has a 12 month low of $230.09 and a 12 month high of $288.03. The company’s 50-day moving average price is $263.04 and its two-hundred day moving average price is $260.53.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. The firm had revenue of $872.30 million for the quarter, compared to analyst estimates of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.02 earnings per share. On average, research analysts expect that Primerica, Inc. will post 24.08 EPS for the current fiscal year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, May 21st. Primerica’s dividend payout ratio is presently 20.13%.

Primerica Company Profile

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.