Caxton Associates LLP Has $2.12 Million Stock Position in Primerica, Inc. $PRI

Caxton Associates LLP grew its stake in Primerica, Inc. (NYSE:PRI) by 23.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,472 shares of the financial services provider’s stock after buying an additional 1,632 shares during the quarter. Caxton Associates LLP’s holdings in Primerica were worth $2,122,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in shares of Primerica by 18.1% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 39 shares during the period. Seeds Investor LLC boosted its stake in Primerica by 3.2% in the 4th quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 42 shares during the period. Orion Porfolio Solutions LLC increased its holdings in Primerica by 1.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 45 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in Primerica by 0.7% during the 4th quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock worth $1,794,000 after purchasing an additional 46 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised 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 purchasing an additional 47 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

PRI has been the topic of a number of research reports. Weiss Ratings upgraded Primerica from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Morgan Stanley increased their price objective on Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Jefferies Financial Group lifted their target price on Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research report on Friday, July 10th. TD Cowen upped their price target on Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their price target on shares of Primerica from $305.00 to $323.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $308.67.

Insider Buying and Selling at Primerica

In related news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the transaction, the president directly owned 9,811 shares in the company, valued at approximately $2,743,548.04. The trade was a 15.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $280.49, for a total transaction of $420,735.00. Following the transaction, the chief executive officer owned 33,696 shares in the company, valued at approximately $9,451,391.04. The trade was a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 Performance

PRI opened at $314.13 on Friday. The business’s 50-day simple moving average is $286.72 and its 200 day simple moving average is $270.74. Primerica, Inc. has a 52-week low of $230.09 and a 52-week high of $317.69. The firm has a market capitalization of $9.79 billion, a PE ratio of 13.17 and a beta of 0.88.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. The firm had revenue of $872.30 million during the quarter, compared to the consensus estimate of $855.36 million. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $5.02 earnings per share. On average, research analysts forecast that Primerica, Inc. will post 24.6 earnings per share for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. Primerica’s dividend payout ratio (DPR) is currently 20.13%.

Primerica Company Profile

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.