Primerica (NYSE:PRI) Trading Down 0.1% - Should You Sell?

Primerica, Inc. (NYSE:PRI - Get Free Report)'s stock price traded down 0.1% on Tuesday . The company traded as low as $288.06 and last traded at $290.29. 16,665 shares changed hands during trading, a decline of 89% from the average session volume of 153,197 shares. The stock had previously closed at $290.66.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PRI shares. Morgan Stanley lowered their target price on Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Piper Sandler reduced their price target on Primerica from $313.00 to $300.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. TD Cowen upped their target price on Primerica from $314.00 to $345.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price target on shares of Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $309.86.

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Primerica Trading Down 1.4 %

The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 20.73 and a beta of 1.12. The company has a fifty day moving average price of $285.57 and a 200-day moving average price of $280.31.

Primerica (NYSE:PRI - Get Free Report) last posted its earnings results 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 net margin of 15.14% and a return on equity of 31.11%. As a group, sell-side analysts predict that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a dividend of $1.04 per share. This is a positive change from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, February 21st. Primerica's dividend payout ratio (DPR) is 30.25%.

Insider Activity

In related news, CEO Glenn J. Williams sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total transaction of $845,220.00. Following the completion of the transaction, the chief executive officer now owns 33,322 shares in the company, valued at $9,388,140.28. This trade represents a 8.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Peter W. Schneider sold 2,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total value of $565,800.00. Following the sale, the president now owns 13,301 shares in the company, valued at $3,762,852.90. The trade was a 13.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,234 shares of company stock valued at $1,476,575. Insiders own 0.85% of the company's stock.

Institutional Investors Weigh In On Primerica

Institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc increased its stake in 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 in the last quarter. Mariner LLC grew its stake in shares of Primerica by 1.4% during the 4th quarter. Mariner LLC now owns 2,611 shares of the financial services provider's stock worth $709,000 after acquiring an additional 36 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Primerica by 0.7% during the third quarter. Kingsview Wealth Management LLC now owns 5,840 shares of the financial services provider's stock worth $1,549,000 after purchasing an additional 43 shares during the last quarter. Dana Investment Advisors Inc. boosted its holdings in Primerica by 1.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 3,729 shares of the financial services provider's stock worth $1,012,000 after purchasing an additional 45 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Primerica by 56.8% in the third quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 54 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

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.