Schroder Investment Management Group Sells 4,630 Shares of Primerica, Inc. (NYSE:PRI)

Schroder Investment Management Group trimmed its position in Primerica, Inc. (NYSE:PRI - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,297 shares of the financial services provider's stock after selling 4,630 shares during the quarter. Schroder Investment Management Group owned approximately 0.21% of Primerica worth $18,958,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA lifted its holdings in Primerica by 6.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,863 shares of the financial services provider's stock valued at $1,320,000 after purchasing an additional 312 shares during the last quarter. Norges Bank bought a new stake in shares of Primerica during the 4th quarter worth about $1,906,000. Blair William & Co. IL grew its stake in Primerica by 3.6% in the 4th quarter. Blair William & Co. IL now owns 12,617 shares of the financial services provider's stock valued at $3,424,000 after buying an additional 438 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Primerica by 11.4% in the 4th quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider's stock valued at $31,840,000 after acquiring an additional 11,996 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Primerica by 14.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,901 shares of the financial services provider's stock worth $4,859,000 after acquiring an additional 2,262 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PRI has been the topic of several research reports. Keefe, Bruyette & Woods upped their target price on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. BMO Capital Markets started coverage on Primerica in a research report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 price objective on the stock. Morgan Stanley dropped 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 decreased their price target 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. Finally, StockNews.com cut shares of Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Primerica currently has a consensus rating of "Hold" and a consensus target price of $309.86.

Insider Activity at Primerica

In other news, insider Nicholas Adam Jendusa sold 234 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total value of $65,555.10. Following the completion of the transaction, the insider now owns 200 shares of the company's stock, valued at $56,030. This represents a 53.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 of the company's stock, valued at approximately $9,388,140.28. This trade represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,234 shares of company stock valued at $1,476,575. 0.61% of the stock is owned by insiders.

Primerica Price Performance

PRI traded down $27.28 during trading on Friday, hitting $248.16. 296,228 shares of the stock traded hands, compared to its average volume of 167,966. The business has a 50 day moving average price of $284.91 and a 200 day moving average price of $282.75. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 18.05 and a beta of 1.12. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. On average, equities research analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $1.04 dividend. This is an increase from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, February 21st. Primerica's dividend payout ratio (DPR) is presently 30.25%.

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.