Primerica, Inc. (NYSE:PRI) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,094 shares of the financial services provider's stock after selling 4,421 shares during the quarter. WCM Investment Management LLC owned approximately 0.23% of Primerica worth $20,289,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Primerica by 75.8% during the first quarter. BNP Paribas Financial Markets now owns 4,167 shares of the financial services provider's stock valued at $1,054,000 after buying an additional 1,797 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Primerica by 136.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,322 shares of the financial services provider's stock valued at $1,599,000 after purchasing an additional 3,649 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of Primerica in the 1st quarter worth approximately $231,000. Entropy Technologies LP bought a new position in shares of Primerica during the first quarter valued at approximately $319,000. Finally, Blair William & Co. IL lifted its holdings in Primerica by 24.5% during the first quarter. Blair William & Co. IL now owns 12,159 shares of the financial services provider's stock worth $3,076,000 after buying an additional 2,393 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Primerica Stock Up 1.0 %

Shares of NYSE:PRI traded up $2.89 during trading on Monday, hitting $300.62. The stock had a trading volume of 173,761 shares, compared to its average volume of 155,236. The stock has a 50-day simple moving average of $269.64 and a two-hundred day simple moving average of $248.67. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 22.97 and a beta of 1.08. Primerica, Inc. has a 12-month low of $184.76 and a 12-month high of $304.84.

Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $5.68 EPS for the quarter, beating the consensus estimate of $4.81 by $0.87. Primerica had a net margin of 14.95% and a return on equity of 30.93%. The business had revenue of $774.13 million for the quarter, compared to the consensus estimate of $745.25 million. During the same period in the prior year, the firm earned $4.28 EPS. The business's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Primerica, Inc. will post 18.49 earnings per share for the current year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.90 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.20%. Primerica's payout ratio is 27.50%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PRI. Jefferies Financial Group boosted their price target on Primerica from $239.00 to $249.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Morgan Stanley raised their price target on shares of Primerica from $257.00 to $269.00 and gave the company an "equal weight" rating in a report on Monday, August 19th. TD Cowen began coverage on shares of Primerica in a research report on Wednesday, October 9th. They set a "buy" rating and a $314.00 target price for the company. Truist Financial increased their price objective on Primerica from $300.00 to $340.00 and gave the company a "buy" rating in a report on Friday. Finally, StockNews.com downgraded Primerica from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $288.33.

Insider Buying and Selling

In other news, Director John A. Jr. Addison sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total transaction of $507,700.00. Following the sale, the director now owns 15,151 shares of the company's stock, valued at $3,846,081.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Primerica news, President Peter W. Schneider sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Jr. Addison sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total value of $507,700.00. Following the completion of the sale, the director now owns 15,151 shares of the company's stock, valued at $3,846,081.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Primerica 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.