Peter Schneider Sells 1,800 Shares of Primerica (NYSE:PRI) Stock

Primerica, Inc. (NYSE:PRI) President Peter Schneider sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $279.64, for a total value of $503,352.00. Following the completion of the sale, the president directly owned 9,811 shares in the company, valued at $2,743,548.04. This trade represents a 15.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Primerica Stock Up 1.0%

Shares of PRI stock opened at $281.22 on Thursday. Primerica, Inc. has a 12 month low of $230.09 and a 12 month high of $288.03. The firm has a market cap of $8.77 billion, a PE ratio of 11.79 and a beta of 0.91. The stock has a 50 day moving average of $264.58 and a 200-day moving average of $261.00.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.45 by $0.51. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The business had revenue of $872.30 million for the quarter, compared to the consensus estimate of $855.36 million. During the same quarter last year, the company posted $5.02 earnings per share. Primerica’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Primerica, Inc. will post 24.2 EPS for the current fiscal year.

Primerica Announces Dividend

The business 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 $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, May 21st. Primerica’s dividend payout ratio (DPR) is currently 20.13%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Primerica

Several hedge funds and other institutional investors have recently modified their holdings of PRI. Hantz Financial Services Inc. grew its position in Primerica by 18.1% in the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 39 shares during the period. Seeds Investor LLC lifted its holdings in shares of Primerica by 3.2% during the fourth quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock valued at $355,000 after acquiring 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 purchasing an additional 45 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings 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 worth $1,794,000 after purchasing an additional 46 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings 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 worth $195,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

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.