Primerica, Inc. $PRI Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI cut its position in shares of Primerica, Inc. (NYSE:PRI) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 611,281 shares of the financial services provider’s stock after selling 28,976 shares during the quarter. Primerica accounts for 1.7% of Fiduciary Management Inc. WI’s portfolio, making the stock its 26th largest position. Fiduciary Management Inc. WI owned about 1.92% of Primerica worth $157,931,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Primerica by 186.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 69 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Primerica during the fourth quarter worth $30,000. Torren Management LLC acquired a new stake in shares of Primerica during the fourth quarter worth $50,000. Hantz Financial Services Inc. raised its position in shares of Primerica by 620.0% during the third quarter. Hantz Financial Services Inc. now owns 216 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 186 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Primerica during the fourth quarter worth $67,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Trading Up 3.2%

Shares of PRI stock opened at $266.25 on Friday. Primerica, Inc. has a 1-year low of $230.09 and a 1-year high of $288.03. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 11.16 and a beta of 0.88. The stock’s fifty day simple moving average is $269.29 and its 200-day simple moving average is $262.10.

Primerica (NYSE:PRI) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The firm had revenue of $872.30 million for the quarter, compared to the consensus estimate of $855.36 million. During the same quarter in the previous year, the company posted $5.02 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Primerica, Inc. will post 24.45 EPS for the current year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Primerica’s payout ratio is 20.13%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRI. Zacks Research lowered Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings raised Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods boosted 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. Finally, Morgan Stanley boosted their target price on Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Primerica currently has a consensus rating of “Hold” and an average target price of $297.80.

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.