Legal & General Group Plc Has $12.81 Million Stock Holdings in Primerica, Inc. $PRI

Legal & General Group Plc decreased its holdings in shares of Primerica, Inc. (NYSE:PRI) by 22.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,561 shares of the financial services provider’s stock after selling 14,193 shares during the quarter. Legal & General Group Plc owned 0.16% of Primerica worth $12,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in Primerica by 18.1% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 39 shares during the period. Life Cycle Investment Partners Ltd purchased a new stake in shares of Primerica in the fourth quarter worth approximately $40,714,000. Jefferies Financial Group Inc. purchased a new stake in shares of Primerica in the fourth quarter worth approximately $2,289,000. MQS Management LLC acquired a new stake in shares of Primerica during the fourth quarter worth approximately $297,000. Finally, Legato Capital Management LLC purchased a new position in Primerica during the fourth quarter valued at approximately $1,088,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Primerica Trading Down 2.6%

Shares of NYSE:PRI opened at $259.76 on Wednesday. The stock has a market capitalization of $8.10 billion, a PE ratio of 10.89 and a beta of 0.88. Primerica, Inc. has a 1 year low of $230.09 and a 1 year high of $288.03. The firm has a fifty day moving average price of $268.46 and a 200 day moving average price of $262.03.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The company had revenue of $872.30 million for the quarter, compared to analyst estimates of $855.36 million. During the same period last year, the company earned $5.02 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts forecast that Primerica, Inc. will post 24.45 earnings per share for the current fiscal year.

Primerica Dividend Announcement

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

Insider Buying and Selling at Primerica

In related news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $279.64, for a total value of $503,352.00. Following the completion of the sale, the president directly owned 9,811 shares in the company, valued at approximately $2,743,548.04. The trade was a 15.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PRI shares. Morgan Stanley increased their target price on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Zacks Research downgraded shares of Primerica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded Primerica from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on Primerica from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $297.80.

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.