1,426 Shares in Primerica, Inc. (NYSE:PRI) Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC purchased a new stake in Primerica, Inc. (NYSE:PRI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,426 shares of the financial services provider's stock, valued at approximately $387,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of Primerica by 14.9% during the third quarter. Captrust Financial Advisors now owns 1,413 shares of the financial services provider's stock worth $375,000 after purchasing an additional 183 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Primerica during the 3rd quarter worth about $382,000. Quantinno Capital Management LP grew its holdings in Primerica by 66.9% in the third quarter. Quantinno Capital Management LP now owns 5,150 shares of the financial services provider's stock valued at $1,366,000 after purchasing an additional 2,065 shares during the period. Jane Street Group LLC increased its position in Primerica by 6.3% during the third quarter. Jane Street Group LLC now owns 30,806 shares of the financial services provider's stock worth $8,168,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of Primerica by 72.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,501 shares of the financial services provider's stock valued at $663,000 after purchasing an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Trading Up 0.9 %

PRI stock traded up $2.26 during trading on Thursday, hitting $257.37. The company had a trading volume of 40,769 shares, compared to its average volume of 166,864. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 18.74 and a beta of 1.03. The business has a 50 day moving average of $277.02 and a 200 day moving average of $281.66. Primerica, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last released 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%. As a group, equities analysts predict that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a $1.04 dividend. This is a boost from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, February 21st. Primerica's dividend payout ratio (DPR) is 30.25%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com cut Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Piper Sandler cut their target price on shares of Primerica from $313.00 to $300.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods reduced their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley decreased their price objective 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, BMO Capital Markets started coverage on shares of Primerica in a research report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 price target on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Primerica currently has a consensus rating of "Hold" and a consensus target price of $309.14.

Insider Transactions at Primerica

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the transaction, the insider now directly owns 200 shares of the company's stock, valued at approximately $56,030. This trade represents a 53.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Peter W. Schneider sold 2,000 shares of the company's 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 sale, the president now directly owns 13,301 shares in the company, valued at $3,762,852.90. This represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,234 shares of company stock valued at $1,476,575. Company insiders own 0.85% of the company's stock.

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.