Aptus Capital Advisors LLC Boosts Holdings in Primerica, Inc. (NYSE:PRI)

Aptus Capital Advisors LLC raised its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 15.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,345 shares of the financial services provider's stock after purchasing an additional 3,950 shares during the period. Aptus Capital Advisors LLC owned 0.09% of Primerica worth $7,781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PRI. Millennium Management LLC lifted its position in Primerica by 30,726.7% during the 2nd quarter. Millennium Management LLC now owns 680,961 shares of the financial services provider's stock worth $161,102,000 after acquiring an additional 678,752 shares during the period. Los Angeles Capital Management LLC lifted its holdings 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 boosted its position in Primerica by 2,986.9% in the second quarter. Squarepoint Ops LLC now owns 32,104 shares of the financial services provider's stock valued at $7,595,000 after buying an additional 31,064 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Primerica in the second quarter valued at approximately $71,000. Finally, International Assets Investment Management LLC increased its holdings in Primerica by 359,742.9% in the 3rd 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 period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Primerica

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

Primerica Stock Performance

Shares of NYSE:PRI traded down $2.46 during midday trading on Wednesday, reaching $300.18. 112,880 shares of the company's stock traded hands, compared to its average volume of 154,875. The company has a fifty day simple moving average of $271.23 and a two-hundred day simple moving average of $249.88. Primerica, Inc. has a 1 year low of $184.76 and a 1 year high of $304.84. The company has a market cap of $10.02 billion, a P/E ratio of 22.99 and a beta of 1.08.

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

Primerica Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.60 annualized dividend and a dividend yield of 1.20%. Primerica's dividend payout ratio (DPR) is presently 27.50%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Primerica from $257.00 to $269.00 and gave the company an "equal weight" rating in a report on Monday, August 19th. Piper Sandler initiated coverage on Primerica in a research report on Friday, August 30th. They set a "neutral" rating and a $283.00 price target on the stock. Truist Financial boosted their price objective on Primerica from $300.00 to $340.00 and gave the company a "buy" rating in a report on Friday, November 8th. Jefferies Financial Group upped their price objective on Primerica from $239.00 to $249.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Primerica from $255.00 to $275.00 and gave the company a "market perform" rating in a report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.