Aigen Investment Management LP Grows Stock Position in Primerica, Inc. (NYSE:PRI)

Aigen Investment Management LP increased its position in Primerica, Inc. (NYSE:PRI - Free Report) by 148.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,811 shares of the financial services provider's stock after buying an additional 1,678 shares during the quarter. Aigen Investment Management LP's holdings in Primerica were worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in Primerica by 30,726.7% in the second quarter. Millennium Management LLC now owns 680,961 shares of the financial services provider's stock worth $161,102,000 after purchasing an additional 678,752 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Primerica by 66.3% during the second quarter. Los Angeles Capital Management LLC now owns 99,758 shares of the financial services provider's stock worth $23,601,000 after purchasing an additional 39,761 shares during the period. Squarepoint Ops LLC grew its position in Primerica by 2,986.9% in the 2nd quarter. Squarepoint Ops LLC now owns 32,104 shares of the financial services provider's stock valued at $7,595,000 after purchasing an additional 31,064 shares during the period. Strategic Financial Concepts LLC bought a new stake in Primerica during the 2nd quarter valued at $71,000. Finally, International Assets Investment Management LLC raised its holdings in Primerica by 359,742.9% during the third quarter. International Assets Investment Management LLC now owns 25,189 shares of the financial services provider's stock worth $6,679,000 after buying an additional 25,182 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $301.27, for a total value of $903,810.00. Following the completion of the sale, the chief executive officer now owns 36,322 shares in the company, valued at $10,942,728.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, President Peter W. Schneider sold 1,500 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the sale, the president now directly owns 10,259 shares in the company, valued at approximately $2,678,727.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $301.27, for a total value of $903,810.00. Following the transaction, the chief executive officer now owns 36,322 shares of the company's stock, valued at $10,942,728.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,500 shares of company stock valued at $1,803,175. Company insiders own 0.85% of the company's stock.

Primerica Stock Performance

PRI traded down $3.41 during trading on Thursday, reaching $296.77. The stock had a trading volume of 71,652 shares, compared to its average volume of 154,498. The business has a 50-day moving average of $272.02 and a 200-day moving average of $250.23. Primerica, Inc. has a one year low of $184.76 and a one year high of $304.84. The stock has a market cap of $9.90 billion, a PE ratio of 22.88 and a beta of 1.08.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $5.68 EPS for the quarter, topping the consensus estimate of $4.81 by $0.87. Primerica had a net margin of 14.95% and a return on equity of 30.93%. The firm had revenue of $774.13 million for the quarter, compared to the consensus estimate of $745.25 million. During the same period last year, the firm posted $4.28 earnings per share. The business's revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Primerica, Inc. will post 19.12 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 1.21%. Primerica's dividend payout ratio is currently 27.50%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Truist Financial boosted their price objective on Primerica from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on shares of Primerica from $239.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. TD Cowen assumed coverage on shares of Primerica in a report on Wednesday, October 9th. They issued a "buy" rating and a $314.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Primerica from $255.00 to $275.00 and gave the stock a "market perform" rating in a report on Wednesday, July 17th. Finally, StockNews.com cut shares of Primerica from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $288.33.

Primerica 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.