5,150 Shares in Primerica, Inc. $PRI Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new stake in Primerica, Inc. (NYSE:PRI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,150 shares of the financial services provider’s stock, valued at approximately $1,430,000.

A number of other hedge funds also recently added to or reduced their stakes in PRI. Olympiad Research LP lifted its holdings in shares of Primerica by 3.9% during the second quarter. Olympiad Research LP now owns 1,061 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 40 shares during the period. Orion Porfolio Solutions LLC lifted its position in Primerica by 1.2% in the second quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 45 shares during the period. Ascent Group LLC raised its stake in shares of Primerica by 6.5% during the 3rd quarter. Ascent Group LLC now owns 836 shares of the financial services provider’s stock worth $232,000 after buying an additional 51 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Primerica by 3.2% in the 2nd quarter. Vident Advisory LLC now owns 1,776 shares of the financial services provider’s stock valued at $486,000 after buying an additional 55 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Primerica by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 22,844 shares of the financial services provider’s stock valued at $6,252,000 after buying an additional 60 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PRI shares. Keefe, Bruyette & Woods decreased their target price on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 11th. TD Cowen reiterated a “buy” rating on shares of Primerica in a research report on Wednesday, January 28th. Piper Sandler set a $292.00 price objective on shares of Primerica and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Zacks Research raised shares of Primerica from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Morgan Stanley set a $292.00 target price on shares of Primerica in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Primerica currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

Insider Transactions at Primerica

In other Primerica news, President Peter W. Schneider sold 2,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $255.30, for a total transaction of $510,600.00. Following the transaction, the president owned 7,301 shares of the company’s stock, valued at $1,863,945.30. This trade represents a 21.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Glenn J. Williams sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $259.65, for a total transaction of $649,125.00. Following the sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,200 shares of company stock worth $1,338,225 in the last three months. Company insiders own 0.61% of the company’s stock.

Primerica Price Performance

Shares of NYSE PRI opened at $264.50 on Tuesday. The company has a market cap of $8.44 billion, a PE ratio of 12.16 and a beta of 0.91. The company has a 50-day simple moving average of $259.47 and a 200-day simple moving average of $263.74. Primerica, Inc. has a 12 month low of $230.98 and a 12 month high of $298.75.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, November 5th. The financial services provider reported $6.33 EPS for the quarter, topping the consensus estimate of $5.52 by $0.81. Primerica had a net margin of 22.36% and a return on equity of 31.75%. The firm had revenue of $838.88 million during the quarter, compared to analysts’ expectations of $817.81 million. During the same period in the previous year, the company earned $4.83 EPS. Primerica’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts anticipate that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Dividend Announcement

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

Primerica declared that its board has approved a share repurchase program on Wednesday, November 19th that permits the company to repurchase $475.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Primerica 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.