31,017 Shares in Primerica, Inc. $PRI Bought by Callan Family Office LLC

Callan Family Office LLC bought a new stake in shares of Primerica, Inc. (NYSE:PRI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,017 shares of the financial services provider’s stock, valued at approximately $8,815,000. Callan Family Office LLC owned approximately 0.10% of Primerica at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PRI. Hantz Financial Services Inc. grew its stake 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 last quarter. Pacer Advisors Inc. increased its holdings in shares of Primerica by 1.1% during the first quarter. Pacer Advisors Inc. now owns 3,790 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 40 shares in the last quarter. Orion Porfolio Solutions LLC raised its position 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 purchasing an additional 45 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of Primerica by 0.7% in the 4th quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 46 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in Primerica by 6.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 757 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 47 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PRI has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Primerica from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Morgan Stanley raised their price target on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. TD Cowen lifted their price objective on shares of Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Primerica from $323.00 to $335.00 and gave the company a “market perform” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $310.67.

Insider Activity

In other news, CEO Glenn J. Williams sold 1,500 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $320.20, for a total value of $480,300.00. Following the sale, the chief executive officer directly owned 32,196 shares of the company’s stock, valued at $10,309,159.20. This represents a 4.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amber Lynne Cottle sold 279 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $313.63, for a total transaction of $87,502.77. Following the completion of the sale, the director owned 3,549 shares in the company, valued at $1,113,072.87. The trade was a 7.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,079 shares of company stock valued at $1,551,308 in the last ninety days. Insiders own 0.63% of the company’s stock.

Primerica Stock Down 1.0%

Primerica stock opened at $294.95 on Friday. Primerica, Inc. has a 52 week low of $230.09 and a 52 week high of $327.28. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 11.85 and a beta of 0.87. The stock has a 50-day moving average price of $303.34 and a 200 day moving average price of $278.03.

Primerica (NYSE:PRI) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.38. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The firm had revenue of $865.07 million for the quarter, compared to analyst estimates of $881.00 million. During the same quarter in the prior year, the firm earned $5.46 earnings per share. Primerica’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts anticipate that Primerica, Inc. will post 25.02 EPS for the current fiscal year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 21st will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 21st. Primerica’s payout ratio is presently 19.28%.

Primerica 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.