Primerica, Inc. (NYSE:PRI) Stock Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,770 shares of the financial services provider's stock after purchasing an additional 4,863 shares during the period. Teacher Retirement System of Texas owned 0.10% of Primerica worth $8,894,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PRI. Prospera Private Wealth LLC acquired a new stake in Primerica in the 3rd quarter worth about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of Primerica during the fourth quarter worth approximately $33,000. EverSource Wealth Advisors LLC raised its stake in Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 71 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Primerica by 56.8% in the 3rd 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. Finally, Venturi Wealth Management LLC boosted its stake in Primerica by 116.2% during the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider's stock worth $58,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling at Primerica

In related news, President Peter W. Schneider sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total transaction of $565,800.00. Following the completion of the sale, the president now directly owns 13,301 shares in the company, valued at approximately $3,762,852.90. This trade represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $281.74, for a total value of $845,220.00. Following the sale, the chief executive officer now owns 33,322 shares of the company's stock, valued at $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 ninety days, insiders sold 5,234 shares of company stock valued at $1,476,575. 0.85% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of research analysts have weighed in on PRI shares. Piper Sandler decreased their target price 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. TD Cowen upped their price objective on shares of Primerica from $314.00 to $345.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. StockNews.com cut shares of Primerica from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Morgan Stanley decreased their target price on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Finally, BMO Capital Markets assumed coverage on Primerica in a report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price for the company. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $309.86.

Primerica Stock Up 0.0 %

Shares of PRI stock traded up $0.01 during mid-day trading on Wednesday, hitting $290.53. 153,817 shares of the company's stock were exchanged, compared to its average volume of 157,075. Primerica, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $307.91. The stock has a 50-day simple moving average of $286.37 and a two-hundred day simple moving average of $281.23. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 21.13 and a beta of 1.12.

Primerica (NYSE:PRI - Get Free Report) last issued its earnings results 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%. As a group, analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a dividend yield of 1.43%. Primerica's dividend payout ratio (DPR) is 30.25%.

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.