Mayfair Advisory Group LLC Has $299,000 Stock Holdings in Primerica, Inc. (NYSE:PRI)

Mayfair Advisory Group LLC raised its position in Primerica, Inc. (NYSE:PRI) by 7.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,052 shares of the financial services provider’s stock after buying an additional 77 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Primerica were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRI. Colonial Trust Co SC acquired a new position in Primerica in the 4th quarter valued at $25,000. True Wealth Design LLC acquired a new position in Primerica in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 71 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Primerica by 116.2% in the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider’s stock valued at $58,000 after buying an additional 115 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Primerica by 182.2% in the 4th quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider’s stock valued at $69,000 after buying an additional 164 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on PRI. Keefe, Bruyette & Woods decreased their price objective on Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Morgan Stanley upped their price objective on Primerica from $274.00 to $296.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $308.00.

Primerica Stock Performance

PRI opened at $257.18 on Wednesday. The firm has a market cap of $8.51 billion, a P/E ratio of 17.30 and a beta of 0.99. Primerica, Inc. has a 52-week low of $227.54 and a 52-week high of $307.91. The business’s fifty day moving average is $264.49 and its 200-day moving average is $275.77.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.25. The company had revenue of $803.56 million for the quarter, compared to analyst estimates of $783.54 million. Primerica had a return on equity of 32.30% and a net margin of 15.82%. Primerica’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.91 EPS. On average, research analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Thursday, May 22nd. Primerica’s dividend payout ratio (DPR) is currently 27.98%.

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.