Mirabella Financial Services LLP Purchases Shares of 5,979 Primerica, Inc. (NYSE:PRI)

Mirabella Financial Services LLP purchased a new position in Primerica, Inc. (NYSE:PRI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,979 shares of the financial services provider's stock, valued at approximately $1,622,000.

A number of other hedge funds also recently bought and sold shares of PRI. MetLife Investment Management LLC lifted its holdings in Primerica by 7.5% during the fourth quarter. MetLife Investment Management LLC now owns 18,818 shares of the financial services provider's stock valued at $5,108,000 after purchasing an additional 1,321 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Primerica during the 4th quarter worth $7,792,000. Brant Point Investment Management LLC purchased a new position in Primerica during the fourth quarter worth about $7,057,000. Canada Pension Plan Investment Board acquired a new position in Primerica during the fourth quarter worth $1,981,000. Finally, Marshall Wace LLP acquired a new position in Primerica in the 4th quarter valued at about $1,230,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Transactions at Primerica

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the business's stock in a transaction on 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 directly owns 33,322 shares in the company, valued at approximately $9,388,140.28. The trade was a 8.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicholas Adam Jendusa sold 234 shares of Primerica 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 completion of the sale, the insider now directly owns 200 shares of the company's stock, valued at approximately $56,030. This represents a 53.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,234 shares of company stock valued at $1,476,575 over the last three months. 0.61% of the stock is currently owned by insiders.

Primerica Stock Performance

PRI traded down $1.89 on Friday, hitting $261.63. 112,794 shares of the company were exchanged, compared to its average volume of 158,556. Primerica, Inc. has a fifty-two week low of $211.53 and a fifty-two week high of $307.91. The firm has a market capitalization of $8.66 billion, a P/E ratio of 19.03 and a beta of 1.03. The business's fifty day moving average is $273.41 and its 200 day moving average is $281.13.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share 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%. Analysts forecast that Primerica, Inc. will post 20.6 EPS for the current fiscal 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 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 yield of 1.59%. Primerica's dividend payout ratio (DPR) is presently 30.25%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PRI shares. 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 on the stock. StockNews.com lowered Primerica from a "buy" rating to a "hold" rating in a report 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 report on Friday, February 28th. Finally, Keefe, Bruyette & Woods decreased 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. 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.com, the stock has an average rating of "Hold" and a consensus target price of $309.14.

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.