Natixis Advisors LLC Sells 2,405 Shares of Primerica, Inc. (NYSE:PRI)

Natixis Advisors LLC cut its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,022 shares of the financial services provider's stock after selling 2,405 shares during the period. Natixis Advisors LLC owned approximately 0.33% of Primerica worth $29,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRI. GSA Capital Partners LLP purchased a new stake in Primerica in the 3rd quarter valued at $228,000. OneDigital Investment Advisors LLC grew its stake in shares of Primerica by 1.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,430 shares of the financial services provider's stock worth $1,440,000 after acquiring an additional 86 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Primerica by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,054 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 36 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Primerica by 730.6% in the third quarter. Quest Partners LLC now owns 14,453 shares of the financial services provider's stock valued at $3,832,000 after purchasing an additional 12,713 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Primerica during the third quarter valued at about $3,710,000. Institutional investors and hedge funds own 90.88% of the company's stock.

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Insider Buying and Selling

In other news, insider Nicholas Adam Jendusa sold 234 shares of the company'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 directly owns 200 shares in the company, valued at $56,030. This represents a 53.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Peter W. Schneider sold 2,000 shares of the stock in a transaction dated 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 directly owns 13,301 shares in the company, valued at approximately $3,762,852.90. The trade was a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,234 shares of company stock valued at $1,476,575. Company insiders own 0.85% of the company's stock.

Primerica Price Performance

Shares of PRI traded down $3.90 during mid-day trading on Friday, hitting $284.99. The stock had a trading volume of 791,083 shares, compared to its average volume of 156,995. Primerica, Inc. has a 52 week low of $184.76 and a 52 week high of $307.91. The business has a fifty day moving average price of $285.57 and a 200-day moving average price of $280.31. The firm has a market cap of $9.48 billion, a P/E ratio of 20.73 and a beta of 1.12.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share (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%. As a group, research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a dividend of $1.04 per share. This is a boost from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, February 21st. Primerica's dividend payout ratio is presently 30.25%.

Wall Street Analysts Forecast Growth

PRI has been the subject of several analyst reports. StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. BMO Capital Markets assumed 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. TD Cowen lifted their price target on Primerica from $314.00 to $345.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Piper Sandler cut their price objective on Primerica from $313.00 to $300.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Finally, Morgan Stanley decreased their target price on Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.