Robeco Institutional Asset Management B.V. Sells 3,166 Shares of Primerica, Inc. (NYSE:PRI)

Robeco Institutional Asset Management B.V. trimmed its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 13.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,104 shares of the financial services provider's stock after selling 3,166 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of Primerica worth $5,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Millennium Management LLC increased its holdings in shares of Primerica by 30,726.7% in the second quarter. Millennium Management LLC now owns 680,961 shares of the financial services provider's stock valued at $161,102,000 after buying an additional 678,752 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Primerica by 66.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 99,758 shares of the financial services provider's stock worth $23,601,000 after purchasing an additional 39,761 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Primerica by 2,986.9% during the second quarter. Squarepoint Ops LLC now owns 32,104 shares of the financial services provider's stock valued at $7,595,000 after buying an additional 31,064 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Primerica in the 2nd quarter valued at about $71,000. Finally, International Assets Investment Management LLC lifted its position in Primerica by 359,742.9% in the 3rd quarter. International Assets Investment Management LLC now owns 25,189 shares of the financial services provider's stock worth $6,679,000 after buying an additional 25,182 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Primerica Price Performance

NYSE:PRI traded up $7.08 during midday trading on Friday, reaching $297.73. The stock had a trading volume of 177,826 shares, compared to its average volume of 155,150. The stock has a market capitalization of $10.07 billion, a P/E ratio of 22.74 and a beta of 1.08. Primerica, Inc. has a 1-year low of $184.76 and a 1-year high of $298.29. The firm's fifty day simple moving average is $269.64 and its 200-day simple moving average is $248.28.

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

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued 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 (DPR) is presently 27.50%.

Wall Street Analyst Weigh In

PRI has been the subject of several recent research reports. TD Cowen started coverage on Primerica in a report on Wednesday, October 9th. They set a "buy" rating and a $314.00 price objective for the company. Piper Sandler started coverage on Primerica in a report on Friday, August 30th. They set a "neutral" rating and a $283.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on Primerica from $255.00 to $275.00 and gave the stock a "market perform" rating in a report on Wednesday, July 17th. Morgan Stanley lifted 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. Finally, Jefferies Financial Group increased their price target on shares of Primerica from $239.00 to $249.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $288.33.

Insiders Place Their Bets

In related news, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $261.11, for a total value of $391,665.00. Following the completion of the sale, the president now owns 10,259 shares in the company, valued at approximately $2,678,727.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 of the company's stock, valued at approximately $2,678,727.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $757,650.00. Following the completion of the sale, the chief executive officer now directly owns 45,322 shares in the company, valued at approximately $11,446,071.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock worth $1,657,015 in the last ninety days. 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.