Amundi Takes Position in Primerica, Inc. (NYSE:PRI)

Amundi acquired a new stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 28,256 shares of the financial services provider's stock, valued at approximately $7,868,000. Amundi owned 0.08% of Primerica at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Assetmark Inc. grew its position in shares of Primerica by 11.8% during the third quarter. Assetmark Inc. now owns 1,461 shares of the financial services provider's stock valued at $387,000 after purchasing an additional 154 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Primerica in the 3rd quarter worth about $228,000. OneDigital Investment Advisors LLC raised its holdings in shares of Primerica by 1.6% in the third quarter. OneDigital Investment Advisors LLC now owns 5,430 shares of the financial services provider's stock worth $1,440,000 after buying an additional 86 shares during the period. CIBC Asset Management Inc lifted its position in shares of Primerica by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,054 shares of the financial services provider's stock worth $279,000 after purchasing an additional 36 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in Primerica by 730.6% during the 3rd quarter. Quest Partners LLC now owns 14,453 shares of the financial services provider's stock valued at $3,832,000 after buying an additional 12,713 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PRI. Morgan Stanley dropped their target price on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Keefe, Bruyette & Woods upped their target price on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Piper Sandler lowered their price objective on shares of Primerica from $313.00 to $300.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, BMO Capital Markets assumed coverage on Primerica in a research report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $309.86.

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Insiders Place Their Bets

In other news, President Peter W. Schneider sold 2,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total transaction of $565,800.00. Following the completion of the transaction, the president now owns 13,301 shares of the company's stock, valued at $3,762,852.90. This represents a 13.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Glenn J. Williams sold 3,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total value of $845,220.00. Following the sale, the chief executive officer now owns 33,322 shares of the company's stock, valued at approximately $9,388,140.28. The trade was a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,234 shares of company stock worth $1,476,575. 0.85% of the stock is owned by insiders.

Primerica Stock Performance

PRI stock traded up $1.47 during mid-day trading on Wednesday, reaching $289.24. The company had a trading volume of 129,130 shares, compared to its average volume of 142,904. Primerica, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $307.91. The firm has a fifty day simple moving average of $285.15 and a 200 day simple moving average of $280.19. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 21.04 and a beta of 1.12.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.22. Primerica had a net margin of 15.14% and a return on equity of 31.11%. As a group, analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were paid a $1.04 dividend. This is an increase from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, February 21st. Primerica's dividend payout ratio (DPR) is 30.25%.

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.