Jump Financial LLC Invests $4.87 Million in Primerica, Inc. (NYSE:PRI)

Jump Financial LLC purchased a new position in shares of Primerica, Inc. (NYSE:PRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,938 shares of the financial services provider's stock, valued at approximately $4,869,000. Jump Financial LLC owned about 0.05% of Primerica as of its most recent SEC filing.

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

Insider Transactions at Primerica

In related news, President Peter W. Schneider sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total transaction of $565,800.00. Following the completion of the sale, the president now owns 13,301 shares in the company, valued at $3,762,852.90. The trade was a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $281.74, for a total transaction of $845,220.00. Following the completion of the transaction, the chief executive officer now owns 33,322 shares in the company, valued at $9,388,140.28. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,234 shares of company stock valued at $1,476,575. 0.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Primerica Stock Up 2.5 %

PRI stock traded up $6.25 during mid-day trading on Tuesday, hitting $253.33. 20,283 shares of the company were exchanged, compared to its average volume of 158,982. Primerica, Inc. has a 12-month low of $211.53 and a 12-month high of $307.91. The firm has a market capitalization of $8.38 billion, a P/E ratio of 18.38 and a beta of 1.03. The business has a fifty day simple moving average of $274.87 and a 200-day simple moving average of $281.51.

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, beating the consensus estimate of $4.81 by $0.22. Primerica had a net margin of 15.14% and a return on equity of 31.11%. Research analysts predict that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Increases Dividend

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