2,859 Shares in Primerica, Inc. (NYSE:PRI) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new position in Primerica, Inc. (NYSE:PRI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,859 shares of the financial services provider's stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of Primerica in the second quarter valued at about $30,000. UMB Bank n.a. grew its stake in Primerica by 85.9% during the 3rd quarter. UMB Bank n.a. now owns 145 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 67 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Primerica by 493.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the financial services provider's stock worth $45,000 after buying an additional 148 shares in the last quarter. Blue Trust Inc. raised its stake in Primerica by 45.5% during the second quarter. Blue Trust Inc. now owns 192 shares of the financial services provider's stock valued at $49,000 after buying an additional 60 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Primerica in the 2nd quarter valued at about $71,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Transactions at Primerica

In other news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $261.11, for a total transaction of $391,665.00. Following the sale, the president now owns 10,259 shares of the company's stock, valued at approximately $2,678,727.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Primerica news, President Peter W. Schneider sold 1,500 shares of the company'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 sale, the president now directly owns 10,259 shares in the company, valued at $2,678,727.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the sale, the chief executive officer now owns 45,322 shares in the company, valued at $11,446,071.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,500 shares of company stock worth $1,657,015. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Primerica from $255.00 to $275.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 17th. Jefferies Financial Group boosted their price objective on Primerica from $239.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. Truist Financial boosted their price target on shares of Primerica from $275.00 to $300.00 and gave the company a "buy" rating in a report on Friday, August 9th. StockNews.com raised shares of Primerica from a "hold" rating to a "buy" rating in a research note on Friday, October 4th. Finally, Morgan Stanley raised their target price on Primerica from $257.00 to $269.00 and gave the stock an "equal weight" rating in a research report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $281.67.

Primerica Trading Down 0.6 %

NYSE PRI traded down $1.77 during trading on Friday, reaching $279.23. The company's stock had a trading volume of 149,964 shares, compared to its average volume of 157,117. The stock has a market capitalization of $9.45 billion, a PE ratio of 22.36 and a beta of 1.09. Primerica, Inc. has a 1-year low of $184.76 and a 1-year high of $284.37. The business has a 50-day moving average price of $263.23 and a 200-day moving average price of $243.02.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.71 EPS for the quarter, beating analysts' consensus estimates of $4.47 by $0.24. The company had revenue of $803.38 million for the quarter, compared to analyst estimates of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The company's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.99 earnings per share. As a group, analysts expect that Primerica, Inc. will post 18.13 earnings per share for the current year.

Primerica Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.29%. This is a positive change from Primerica's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Wednesday, August 21st. Primerica's dividend payout ratio (DPR) is currently 28.82%.

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.