XTX Topco Ltd Sells 3,047 Shares of Primerica, Inc. (NYSE:PRI)

XTX Topco Ltd reduced its position in Primerica, Inc. (NYSE:PRI - Free Report) by 68.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,431 shares of the financial services provider's stock after selling 3,047 shares during the quarter. XTX Topco Ltd's holdings in Primerica were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Mariner LLC increased its holdings in Primerica by 1.4% in 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 during the last quarter. Dana Investment Advisors Inc. increased its stake in shares of Primerica by 1.2% in 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 in the last quarter. CIBC Asset Management Inc raised its position in shares of Primerica by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 1,108 shares of the financial services provider's stock valued at $301,000 after purchasing an additional 54 shares during the period. Assetmark Inc. lifted its stake in shares of Primerica by 3.9% during the 4th quarter. Assetmark Inc. now owns 1,518 shares of the financial services provider's stock valued at $412,000 after buying an additional 57 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in Primerica by 2.5% in the 4th quarter. Everhart Financial Group Inc. now owns 2,676 shares of the financial services provider's stock worth $726,000 after buying an additional 65 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Primerica Price Performance

Shares of NYSE:PRI opened at $254.43 on Wednesday. Primerica, Inc. has a one year low of $211.53 and a one year high of $307.91. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 18.50 and a beta of 1.03. The company's fifty day moving average price is $274.26 and its 200-day moving average price is $281.32.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share (EPS) 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, equities research analysts expect that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were given a dividend of $1.04 per share. This is a boost from Primerica's previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, February 21st. Primerica's dividend payout ratio (DPR) is presently 30.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PRI shares. Keefe, Bruyette & Woods dropped their target price on Primerica from $320.00 to $315.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. 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 target on the stock. Morgan Stanley cut their price objective on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $309.14.

Insiders Place Their Bets

In related news, CEO Glenn J. Williams sold 3,000 shares of Primerica 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 transaction, the chief executive officer now directly owns 33,322 shares of the company's stock, valued at $9,388,140.28. The trade was a 8.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Adam Jendusa sold 234 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the sale, the insider now directly owns 200 shares in the company, valued at approximately $56,030. This trade represents a 53.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,234 shares of company stock valued at $1,476,575. 0.61% of the stock is currently owned by corporate insiders.

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.

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