Primerica, Inc. (NYSE:PRI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Primerica, Inc. (NYSE:PRI - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,063 shares of the financial services provider's stock after acquiring an additional 945 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Primerica were worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of Primerica by 11.8% during the third quarter. Assetmark Inc. now owns 1,461 shares of the financial services provider's stock worth $387,000 after buying an additional 154 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Primerica during the third quarter worth $228,000. OneDigital Investment Advisors LLC lifted its stake in shares of Primerica by 1.6% during the third quarter. OneDigital Investment Advisors LLC now owns 5,430 shares of the financial services provider's stock worth $1,440,000 after buying an additional 86 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Primerica by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,054 shares of the financial services provider's stock worth $279,000 after buying an additional 36 shares during the period. Finally, Quest Partners LLC lifted its stake in shares of Primerica by 730.6% during the third quarter. Quest Partners LLC now owns 14,453 shares of the financial services provider's stock worth $3,832,000 after buying an additional 12,713 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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Primerica Trading Down 0.3 %

PRI traded down $0.74 on Thursday, reaching $288.65. The stock had a trading volume of 155,260 shares, compared to its average volume of 154,294. Primerica, Inc. has a 12-month low of $184.76 and a 12-month high of $307.91. The business's 50-day moving average price is $285.36 and its two-hundred day moving average price is $280.25. The company has a market cap of $9.60 billion, a P/E ratio of 20.99 and a beta of 1.12.

Primerica (NYSE:PRI - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported $5.03 EPS for the quarter, topping analysts' consensus estimates of $4.81 by $0.22. Primerica had a net margin of 15.14% and a return on equity of 31.11%. As a group, analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Primerica's previous quarterly dividend of $0.90. Primerica's payout ratio is currently 30.25%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PRI shares. Piper Sandler lowered their price objective on shares of Primerica from $313.00 to $300.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. TD Cowen raised their target price on shares of Primerica from $314.00 to $345.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley reduced their target price on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Finally, BMO Capital Markets assumed coverage on shares of Primerica in a report on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $309.86.

Insider Transactions at Primerica

In related news, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $56,030. The trade was a 53.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Peter W. Schneider sold 2,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total transaction of $565,800.00. Following the transaction, the president now owns 13,301 shares in the company, valued at $3,762,852.90. The trade was a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,234 shares of company stock valued at $1,476,575 over the last 90 days. Corporate insiders own 0.85% of the company's stock.

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.