Primerica, Inc. (NYSE:PRI) Stake Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 106.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,680 shares of the financial services provider's stock after buying an additional 2,415 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Primerica were worth $1,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Blair William & Co. IL grew its holdings in Primerica by 24.5% during the 1st quarter. Blair William & Co. IL now owns 12,159 shares of the financial services provider's stock worth $3,076,000 after acquiring an additional 2,393 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Primerica by 456.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,149 shares of the financial services provider's stock worth $2,164,000 after buying an additional 7,506 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Primerica during the 1st quarter worth approximately $979,000. Susquehanna Fundamental Investments LLC purchased a new stake in Primerica during the second quarter valued at approximately $3,514,000. Finally, SG Americas Securities LLC acquired a new stake in Primerica in the second quarter valued at approximately $893,000. Institutional investors own 90.88% of the company's stock.

Primerica Stock Performance

PRI stock traded down $3.36 during trading on Thursday, reaching $296.82. 121,603 shares of the company were exchanged, compared to its average volume of 154,726. Primerica, Inc. has a 52-week low of $184.76 and a 52-week high of $304.84. The company has a market cap of $9.90 billion, a P/E ratio of 22.88 and a beta of 1.08. The stock's 50 day moving average price is $272.02 and its 200 day moving average price is $250.23.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $774.13 million for the quarter, compared to analyst estimates of $745.25 million. During the same period in the previous year, the firm earned $4.28 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Primerica, Inc. will post 19.12 EPS for the current year.

Primerica Dividend Announcement

The firm also recently declared 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 21st. Primerica's dividend payout ratio is presently 27.50%.

Insider Buying and Selling

In other news, Director John A. Jr. Addison sold 2,000 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total value of $507,700.00. Following the completion of the transaction, the director now directly owns 15,151 shares in the company, valued at approximately $3,846,081.35. This represents a 11.66 % decrease in their ownership of the stock. The sale 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 the firm's 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 sale, the chief executive officer now owns 36,322 shares of the company's stock, valued at $10,942,728.94. This represents a 7.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,500 shares of company stock worth $1,803,175. 0.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. TD Cowen started coverage on Primerica in a research report on Wednesday, October 9th. They set a "buy" rating and a $314.00 price target for the company. Truist Financial lifted their price target on shares of Primerica from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, November 8th. StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Piper Sandler started coverage on Primerica in a report on Friday, August 30th. They issued a "neutral" rating and a $283.00 price target for the company. Finally, Jefferies Financial Group raised their price target on shares of Primerica from $239.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Primerica presently has a consensus rating of "Hold" and an average target price 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.