Amalgamated Bank Sells 4,552 Shares of Primerica, Inc. (NYSE:PRI)

Amalgamated Bank trimmed its position in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,168 shares of the financial services provider's stock after selling 4,552 shares during the period. Amalgamated Bank's holdings in Primerica were worth $4,287,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PRI. BNP Paribas Financial Markets boosted its stake in shares of Primerica by 75.8% during the 1st quarter. BNP Paribas Financial Markets now owns 4,167 shares of the financial services provider's stock valued at $1,054,000 after buying an additional 1,797 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Primerica by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,126 shares of the financial services provider's stock valued at $2,561,000 after purchasing an additional 721 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake 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 valued at $1,599,000 after purchasing an additional 3,649 shares during the last quarter. Inspire Advisors LLC acquired a new stake in shares of Primerica in the 1st quarter valued at $231,000. Finally, Entropy Technologies LP acquired a new stake in shares of Primerica in the 1st quarter valued at $319,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Stock Performance

Primerica stock traded up $7.08 during trading hours on Friday, hitting $297.73. 177,826 shares of the stock were exchanged, compared to its average volume of 155,150. Primerica, Inc. has a 12 month low of $184.76 and a 12 month high of $298.29. The business's 50-day moving average is $269.64 and its two-hundred day moving average is $248.28. The stock has a market capitalization of $10.07 billion, a P/E ratio of 22.74 and a beta of 1.08.

Primerica (NYSE:PRI - Get Free Report) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.47 by $0.24. Primerica had a net margin of 14.95% and a return on equity of 30.28%. The company had revenue of $803.38 million for the quarter, compared to analyst estimates of $748.88 million. During the same period in the prior year, the business earned $3.99 earnings per share. Primerica's quarterly revenue was up 16.7% on a year-over-year basis. On average, equities analysts predict that Primerica, Inc. will post 18.13 earnings per share for the current fiscal year.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 21st. Primerica's dividend payout ratio is currently 27.50%.

Insider Buying and Selling at Primerica

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $252.55, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $252.55, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $261.11, for a total transaction of $391,665.00. Following the completion of the transaction, the president now directly owns 10,259 shares in the company, valued at approximately $2,678,727.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock worth $1,657,015 over the last quarter. 0.85% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Primerica from $255.00 to $275.00 and gave the stock a "market perform" rating in a report on Wednesday, July 17th. Morgan Stanley upped their target price on shares of Primerica from $257.00 to $269.00 and gave the company an "equal weight" rating in a research note on Monday, August 19th. Truist Financial upped their target price on shares of Primerica from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Friday. Finally, Piper Sandler started coverage on shares of Primerica in a research note on Friday, August 30th. They issued a "neutral" rating and a $283.00 target price on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Primerica has a consensus rating of "Hold" and a consensus 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.