Primerica, Inc. (NYSE:PRI) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in Primerica, Inc. (NYSE:PRI - Free Report) by 66.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,150 shares of the financial services provider's stock after purchasing an additional 2,065 shares during the quarter. Quantinno Capital Management LP's holdings in Primerica were worth $1,366,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Primerica in the second quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new position in Primerica in the 3rd quarter valued at about $31,000. Prospera Private Wealth LLC acquired a new stake in Primerica in the 3rd quarter worth about $31,000. UMB Bank n.a. increased 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 worth $38,000 after buying an additional 67 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Primerica by 56.8% during the third quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Primerica Stock Performance

Shares of PRI stock traded down $3.38 on Friday, hitting $281.16. 114,830 shares of the stock traded hands, compared to its average volume of 152,484. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $307.91. The stock has a market capitalization of $9.38 billion, a PE ratio of 21.46 and a beta of 1.09. The firm's 50-day moving average price is $287.60 and its two-hundred day moving average price is $260.86.

Primerica (NYSE:PRI - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.87. The company had revenue of $774.13 million for the quarter, compared to analyst estimates of $745.25 million. Primerica had a net margin of 14.95% and a return on equity of 30.93%. Primerica's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.28 EPS. On average, equities research analysts anticipate that Primerica, Inc. will post 19.32 EPS for the current fiscal year.

Primerica Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.90 per share. The ex-dividend date was Thursday, November 21st. This represents a $3.60 annualized dividend and a yield of 1.28%. Primerica's dividend payout ratio (DPR) is 27.50%.

Primerica declared that its Board of Directors has approved a stock repurchase program on Thursday, November 14th that authorizes the company to repurchase $450.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

PRI has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Primerica from $257.00 to $269.00 and gave the stock an "equal weight" rating in a research note on Monday, August 19th. Piper Sandler initiated coverage on shares of Primerica in a research note on Friday, August 30th. They set a "neutral" rating and a $283.00 target price on the stock. TD Cowen increased their target price on shares of Primerica from $314.00 to $345.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. StockNews.com raised shares of Primerica from a "hold" rating to a "buy" rating in a research note on Friday, November 22nd. Finally, Truist Financial upped their price objective on shares of Primerica from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $293.50.

Insider Buying and Selling at Primerica

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $301.27, for a total transaction of $903,810.00. Following the completion of the transaction, the chief executive officer now owns 36,322 shares of the company's stock, valued at $10,942,728.94. This trade represents a 7.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.85% of the company's stock.

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.