Fiduciary Management Inc. WI Cuts Holdings in Primerica, Inc. (NYSE:PRI)

Fiduciary Management Inc. WI trimmed its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 477,521 shares of the financial services provider's stock after selling 4,487 shares during the period. Fiduciary Management Inc. WI owned approximately 1.43% of Primerica worth $129,609,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC boosted its position in Primerica by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider's stock worth $211,691,000 after purchasing an additional 82,921 shares in the last quarter. FIL Ltd boosted its holdings in Primerica by 85.5% during the fourth quarter. FIL Ltd now owns 131,365 shares of the financial services provider's stock worth $35,655,000 after buying an additional 60,565 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Primerica during the fourth quarter valued at $34,191,000. Los Angeles Capital Management LLC increased its holdings in Primerica by 10.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider's stock valued at $32,573,000 after buying an additional 11,612 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Primerica by 11.4% in the fourth quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider's stock worth $31,840,000 after acquiring an additional 11,996 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Primerica Stock Up 0.9 %

Shares of Primerica stock traded up $2.27 during mid-day trading on Wednesday, hitting $257.03. The stock had a trading volume of 112,962 shares, compared to its average volume of 158,958. The firm has a 50-day moving average of $274.26 and a two-hundred day moving average of $281.32. The firm has a market cap of $8.51 billion, a P/E ratio of 18.69 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 posted its earnings results on Tuesday, February 11th. The financial services provider reported $5.03 EPS for the quarter, beating analysts' consensus estimates of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. Sell-side analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Primerica's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, February 21st. Primerica's payout ratio is 30.25%.

Insider Transactions at Primerica

In related news, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total value of $65,555.10. Following the sale, the insider now owns 200 shares in the company, valued at approximately $56,030. The trade was a 53.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the firm's 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. This trade represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,234 shares of company stock worth $1,476,575. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts 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 target for the company. StockNews.com cut shares of Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Morgan Stanley cut 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $309.14.

About Primerica

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.