Primerica, Inc. (NYSE:PRI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,945 shares of the financial services provider's stock after buying an additional 5,938 shares during the quarter. Envestnet Asset Management Inc. owned 0.31% of Primerica worth $28,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Primerica during the 4th quarter worth $33,000. EverSource Wealth Advisors LLC grew its stake in shares of Primerica by 129.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after purchasing an additional 71 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Primerica by 116.2% during the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Primerica by 65.5% during the 4th quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock worth $65,000 after buying an additional 95 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in Primerica by 52.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 365 shares of the financial services provider's stock valued at $97,000 after buying an additional 126 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Primerica Stock Down 0.4 %

Primerica stock traded down $1.06 during trading on Friday, reaching $254.05. The stock had a trading volume of 105,764 shares, compared to its average volume of 166,719. Primerica, Inc. has a 52-week low of $184.76 and a 52-week high of $307.91. The business has a 50 day moving average price of $276.24 and a 200 day moving average price of $281.58. The stock has a market cap of $8.41 billion, a PE ratio of 18.48 and a beta of 1.03.

Primerica (NYSE:PRI - Get Free Report) last posted its earnings results 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 return on equity of 31.11% and a net margin of 15.14%. On average, equities analysts predict that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were given a dividend of $1.04 per share. This is a positive change from Primerica's previous quarterly dividend of $0.90. The ex-dividend date was Friday, February 21st. This represents a $4.16 annualized dividend and a yield of 1.64%. Primerica's payout ratio is 30.25%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PRI shares. Keefe, Bruyette & Woods cut their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley cut their price target on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. BMO Capital Markets initiated 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. Finally, StockNews.com downgraded shares of Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $309.14.

Insider Activity 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 transaction of $565,800.00. Following the completion of the transaction, the president now owns 13,301 shares in the company, valued at approximately $3,762,852.90. This represents a 13.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total value of $65,555.10. Following the completion of the sale, the insider now directly owns 200 shares in the company, valued at $56,030. This represents a 53.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,234 shares of company stock worth $1,476,575 in the last 90 days. 0.85% of the stock is owned by insiders.

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.