Primerica, Inc. (NYSE:PRI) Holdings Raised by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 51.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,583 shares of the financial services provider's stock after purchasing an additional 5,961 shares during the period. ExodusPoint Capital Management LP owned approximately 0.05% of Primerica worth $4,772,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in Primerica in the 4th quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its holdings in Primerica by 129.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 71 shares during the last quarter. Venturi Wealth Management LLC increased its position 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 purchasing an additional 115 shares during the last quarter. UMB Bank n.a. increased its position 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 purchasing an additional 95 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Primerica by 629.2% in the 3rd quarter. Quarry LP now owns 350 shares of the financial services provider's stock worth $93,000 after acquiring an additional 302 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets initiated coverage on Primerica in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price objective for the company. StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Morgan Stanley reduced their price objective on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Piper Sandler reduced their price objective on shares of Primerica from $313.00 to $300.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Primerica presently has an average rating of "Hold" and a consensus target price of $309.14.

Primerica Stock Up 1.3 %

Shares of NYSE PRI traded up $3.17 during mid-day trading on Friday, hitting $251.76. 189,392 shares of the company were exchanged, compared to its average volume of 169,483. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 18.31 and a beta of 1.03. The stock has a 50 day simple moving average of $279.38 and a 200-day simple moving average of $281.94. Primerica, Inc. has a 1-year low of $184.76 and a 1-year high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share (EPS) 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%. Analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Primerica's previous quarterly dividend of $0.90. The ex-dividend date was Friday, February 21st. Primerica's dividend payout ratio is 30.25%.

Insider Activity at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction 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 transaction, the insider now owns 200 shares in the company, valued at $56,030. The trade was a 53.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 33,322 shares of the company's stock, valued at $9,388,140.28. This represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,234 shares of company stock valued at $1,476,575. Company insiders own 0.85% of the company's stock.

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.