Callahan Advisors LLC Takes $4.73 Million Position in Primerica, Inc. $PRI

Callahan Advisors LLC acquired a new stake in Primerica, Inc. (NYSE:PRI) in the 4th quarter, Holdings Channel reports. The firm acquired 18,297 shares of the financial services provider’s stock, valued at approximately $4,727,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Seeds Investor LLC boosted its stake in shares of Primerica by 3.2% in the 4th quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock valued at $355,000 after buying an additional 42 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of Primerica by 1.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 45 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Primerica by 6.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 757 shares of the financial services provider’s stock valued at $195,000 after buying an additional 47 shares during the period. JLB & Associates Inc. raised its position in shares of Primerica by 0.3% during the 4th quarter. JLB & Associates Inc. now owns 18,679 shares of the financial services provider’s stock worth $4,826,000 after acquiring an additional 51 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Primerica by 3.2% during the 2nd quarter. Vident Advisory LLC now owns 1,776 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

PRI has been the topic of several research analyst reports. TD Cowen reissued a “buy” rating on shares of Primerica in a research report on Wednesday, January 28th. Zacks Research lowered Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Morgan Stanley cut their target price on Primerica from $292.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Primerica in a research report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods raised their target price on Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Primerica presently has an average rating of “Hold” and an average target price of $296.60.

Insider Buying and Selling

In other Primerica news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $279.64, for a total transaction of $503,352.00. Following the transaction, the president owned 9,811 shares of the company’s stock, valued at $2,743,548.04. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by company insiders.

Primerica Stock Up 1.0%

PRI opened at $281.22 on Thursday. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 11.79 and a beta of 0.91. Primerica, Inc. has a 52 week low of $230.09 and a 52 week high of $288.03. The business’s 50 day moving average is $264.58 and its two-hundred day moving average is $261.00.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 EPS for the quarter, topping the consensus estimate of $5.45 by $0.51. The company had revenue of $872.30 million for the quarter, compared to analyst estimates of $855.36 million. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.02 earnings per share. Equities analysts expect that Primerica, Inc. will post 24.2 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.7%. Primerica’s payout ratio is 20.13%.

About Primerica

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.