Los Angeles Capital Management LLC Acquires 8,641 Shares of Primerica, Inc. (NYSE:PRI)

Los Angeles Capital Management LLC grew its position in Primerica, Inc. (NYSE:PRI - Free Report) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,399 shares of the financial services provider's stock after acquiring an additional 8,641 shares during the quarter. Los Angeles Capital Management LLC owned 0.32% of Primerica worth $28,742,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL lifted its position in shares of Primerica by 24.5% in the 1st quarter. Blair William & Co. IL now owns 12,159 shares of the financial services provider's stock worth $3,076,000 after acquiring an additional 2,393 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Primerica by 456.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,149 shares of the financial services provider's stock worth $2,164,000 after acquiring an additional 7,506 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Primerica by 136.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,322 shares of the financial services provider's stock worth $1,599,000 after acquiring an additional 3,649 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Primerica in the 1st quarter worth approximately $979,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Primerica in the 2nd quarter worth approximately $3,514,000. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Primerica

In other Primerica news, Director John A. Jr. Addison sold 2,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $253.85, for a total value of $507,700.00. Following the transaction, the director now directly owns 15,151 shares in the company, valued at approximately $3,846,081.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Peter W. Schneider sold 1,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the transaction, the president now directly owns 10,259 shares in the company, valued at $2,678,727.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Jr. Addison sold 2,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $253.85, for a total value of $507,700.00. Following the completion of the transaction, the director now owns 15,151 shares in the company, valued at $3,846,081.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company's stock.

Primerica Stock Performance

PRI traded up $2.89 during mid-day trading on Monday, reaching $300.62. The stock had a trading volume of 173,761 shares, compared to its average volume of 155,236. The stock has a market capitalization of $10.17 billion, a P/E ratio of 22.97 and a beta of 1.08. The firm's fifty day simple moving average is $269.64 and its two-hundred day simple moving average is $248.67. Primerica, Inc. has a 52 week low of $184.76 and a 52 week high of $304.84.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $5.68 EPS for the quarter, beating analysts' consensus estimates of $4.81 by $0.87. The firm had revenue of $774.13 million for the quarter, compared to analyst estimates of $745.25 million. Primerica had a return on equity of 30.93% and a net margin of 14.95%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $4.28 EPS. As a group, analysts expect that Primerica, Inc. will post 18.49 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.90 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 1.20%. Primerica's payout ratio is 27.50%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Primerica from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Friday. TD Cowen assumed coverage on Primerica in a report on Wednesday, October 9th. They issued a "buy" rating and a $314.00 target price for the company. StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Piper Sandler assumed coverage on Primerica in a report on Friday, August 30th. They issued a "neutral" rating and a $283.00 target price for the company. Finally, Morgan Stanley increased their target price on Primerica from $257.00 to $269.00 and gave the stock an "equal weight" rating in a report on Monday, August 19th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Primerica presently has an average rating of "Hold" and an average price target of $288.33.

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.