9,100 Shares in Primerica, Inc. (NYSE:PRI) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Primerica, Inc. (NYSE:PRI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,100 shares of the financial services provider's stock, valued at approximately $2,470,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Primerica by 3.9% in the third quarter. Geode Capital Management LLC now owns 696,839 shares of the financial services provider's stock valued at $184,807,000 after buying an additional 25,951 shares in the last quarter. Barclays PLC raised its holdings in shares of Primerica by 108.1% in the 3rd quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock worth $5,428,000 after acquiring an additional 10,635 shares during the last quarter. Sylvest Advisors LLC bought a new position in Primerica in the 4th quarter valued at about $543,000. Oak Thistle LLC boosted its stake in Primerica by 64.9% during the 4th quarter. Oak Thistle LLC now owns 4,936 shares of the financial services provider's stock valued at $1,340,000 after purchasing an additional 1,943 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings 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 in the last quarter. 90.88% of the stock is owned by institutional investors.

Primerica Stock Performance

PRI stock traded down $6.58 during mid-day trading on Friday, hitting $283.34. The company had a trading volume of 148,100 shares, compared to its average volume of 164,088. The firm has a market cap of $9.42 billion, a PE ratio of 20.61 and a beta of 1.12. Primerica, Inc. has a 12 month low of $184.76 and a 12 month high of $307.91. The stock's fifty day moving average price is $286.37 and its two-hundred day moving average price is $281.75.

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Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $5.03 EPS for the quarter, topping analysts' consensus estimates of $4.81 by $0.22. Primerica had a net margin of 15.14% and a return on equity of 31.11%. Equities analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a dividend of $1.04 per share. This is an increase from Primerica's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, February 21st. This represents a $4.16 annualized dividend and a dividend yield of 1.47%. Primerica's dividend payout ratio is presently 30.25%.

Insider Buying and Selling

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the sale, the insider now owns 200 shares in the company, valued at $56,030. This trade represents a 53.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was 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 owns 33,322 shares of the company's stock, valued at $9,388,140.28. The trade was a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,234 shares of company stock valued at $1,476,575. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PRI. BMO Capital Markets began coverage on Primerica in a report on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 target price on the stock. StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Morgan Stanley reduced 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. Keefe, Bruyette & Woods raised their price target on shares of Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $309.86.

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.