Primerica, Inc. (NYSE:PRI) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Primerica, Inc. (NYSE:PRI - Free Report) by 43.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,347 shares of the financial services provider's stock after acquiring an additional 8,876 shares during the quarter. Barclays PLC owned approximately 0.09% of Primerica worth $7,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in Primerica in the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC grew its holdings in shares of Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after buying an additional 71 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Primerica by 116.2% in the fourth quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after purchasing an additional 115 shares during the last quarter. UMB Bank n.a. lifted its stake in Primerica by 65.5% during the 4th quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 95 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Primerica by 182.2% in the fourth quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider's stock worth $69,000 after purchasing an additional 164 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PRI. Morgan Stanley decreased their target price on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their price objective on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, BMO Capital Markets assumed coverage on Primerica in a report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 price target for the company. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $309.14.

Insider Buying and Selling at Primerica

In other Primerica news, President Peter W. Schneider sold 2,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total value of $565,800.00. Following the sale, the president now directly owns 13,301 shares of the company's stock, valued at approximately $3,762,852.90. This represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $281.74, for a total value of $845,220.00. Following the transaction, the chief executive officer now owns 33,322 shares of the company's stock, valued at $9,388,140.28. The trade was a 8.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,234 shares of company stock valued at $1,476,575 in the last three months. Company insiders own 0.61% of the company's stock.

Primerica Stock Down 0.7 %

Primerica stock traded down $1.89 during mid-day trading on Friday, reaching $261.63. 112,799 shares of the company's stock traded hands, compared to its average volume of 158,000. The stock has a 50 day moving average of $273.00 and a two-hundred day moving average of $281.09. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 19.03 and a beta of 1.03. Primerica, Inc. has a 12-month low of $211.53 and a 12-month high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, February 21st were paid a dividend of $1.04 per share. This is a positive change from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, February 21st. Primerica's payout ratio is currently 30.25%.

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.