Primerica, Inc. $PRI Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its position in shares of Primerica, Inc. (NYSE:PRI) by 20.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,231 shares of the financial services provider’s stock after selling 313 shares during the quarter. Machina Capital S.A.S.’s holdings in Primerica were worth $337,000 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 the company. Hilltop National Bank bought a new stake in shares of Primerica in the 2nd quarter worth $31,000. Cullen Frost Bankers Inc. bought a new position in Primerica during the second quarter valued at about $33,000. AdvisorNet Financial Inc boosted its stake in Primerica by 108.5% during the second quarter. AdvisorNet Financial Inc now owns 148 shares of the financial services provider’s stock valued at $41,000 after buying an additional 77 shares in the last quarter. Headlands Technologies LLC grew its holdings in Primerica by 2,300.0% during the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 161 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Primerica in the first quarter worth about $64,000. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PRI. Piper Sandler set a $292.00 price objective on shares of Primerica and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Jefferies Financial Group lowered their price objective on shares of Primerica from $293.00 to $283.00 and set a “hold” rating on the stock in a research note on Monday, August 11th. Zacks Research raised shares of Primerica from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Primerica in a research note on Wednesday, October 8th. Finally, 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 Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $314.86.

Insider Transactions at Primerica

In other Primerica news, CEO Glenn J. Williams sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total transaction of $655,500.00. Following the sale, the chief executive officer owned 36,392 shares in the company, valued at approximately $9,541,982.40. The trade was a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Primerica Trading Down 0.6%

NYSE PRI opened at $259.98 on Wednesday. The stock’s 50-day moving average price is $269.75 and its two-hundred day moving average price is $267.38. The company has a market cap of $8.42 billion, a PE ratio of 12.84 and a beta of 0.96. Primerica, Inc. has a 1 year low of $230.98 and a 1 year high of $307.91.

Primerica (NYSE:PRI) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.28. The firm had revenue of $796.02 million for the quarter, compared to the consensus estimate of $790.99 million. Primerica had a return on equity of 32.42% and a net margin of 21.48%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.71 EPS. Research analysts forecast that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

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.