2,124 Shares in Primerica, Inc. $PRI Purchased by Maridea Wealth Management LLC

Maridea Wealth Management LLC acquired a new position in Primerica, Inc. (NYSE:PRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,124 shares of the financial services provider’s stock, valued at approximately $549,000.

Several other large investors have also modified their holdings of PRI. Burgundy Asset Management Ltd. raised its holdings in shares of Primerica by 1.8% in the second quarter. Burgundy Asset Management Ltd. now owns 1,333,473 shares of the financial services provider’s stock worth $364,932,000 after buying an additional 23,454 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Primerica by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 613,329 shares of the financial services provider’s stock valued at $170,248,000 after acquiring an additional 2,525 shares during the period. First Trust Advisors LP grew its position in Primerica by 12.4% in the 3rd quarter. First Trust Advisors LP now owns 492,083 shares of the financial services provider’s stock valued at $136,597,000 after acquiring an additional 54,158 shares during the last quarter. AQR Capital Management LLC grew its position in Primerica by 25.5% in the 3rd quarter. AQR Capital Management LLC now owns 347,531 shares of the financial services provider’s stock valued at $96,089,000 after acquiring an additional 70,510 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Primerica by 2.6% in the third quarter. Westfield Capital Management Co. LP now owns 256,774 shares of the financial services provider’s stock worth $71,278,000 after purchasing an additional 6,623 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Primerica Stock Down 0.5%

Shares of NYSE PRI opened at $245.85 on Monday. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $296.00. The firm has a market cap of $7.78 billion, a PE ratio of 10.72 and a beta of 0.92. The business has a fifty day simple moving average of $258.52 and a two-hundred day simple moving average of $261.80.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.69 by $0.44. The business had revenue of $853.51 million for the quarter, compared to the consensus estimate of $839.65 million. Primerica had a return on equity of 32.30% and a net margin of 22.82%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.03 EPS. On average, research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, February 23rd were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, February 23rd. This is a positive change from Primerica’s previous quarterly dividend of $1.04. Primerica’s dividend payout ratio (DPR) is currently 20.93%.

Analyst Ratings Changes

PRI has been the subject of several research analyst reports. TD Cowen reiterated a “buy” rating on shares of Primerica in a research report on Wednesday, January 28th. Morgan Stanley reduced their price target on shares of Primerica from $292.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings upgraded shares of Primerica from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, Zacks Research cut shares of Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $298.60.

Insider Transactions at Primerica

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $252.38, for a total transaction of $454,284.00. Following the transaction, the president owned 11,611 shares of the company’s stock, valued at approximately $2,930,384.18. This trade represents a 13.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn J. Williams sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $256.41, for a total transaction of $641,025.00. Following the completion of the sale, the chief executive officer owned 27,392 shares of the company’s stock, valued at approximately $7,023,582.72. This represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.61% of the company’s stock.

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.