BI Asset Management Fondsmaeglerselskab A S Has $5.19 Million Stock Holdings in Primerica, Inc. $PRI

BI Asset Management Fondsmaeglerselskab A S raised its stake in Primerica, Inc. (NYSE:PRI) by 239.0% in the fourth quarter, Holdings Channel reports. The firm owned 20,090 shares of the financial services provider’s stock after acquiring an additional 14,163 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Primerica were worth $5,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Life Cycle Investment Partners Ltd acquired a new stake in shares of Primerica in the 4th quarter valued at approximately $40,714,000. Danske Bank A S acquired a new stake in Primerica in the third quarter valued at $30,396,000. Arbejdsmarkedets Tillaegspension bought a new position in shares of Primerica in the 4th quarter valued at about $23,767,000. Alps Advisors Inc. bought a new position in shares of Primerica in the 3rd quarter valued at about $20,524,000. Finally, AQR Capital Management LLC increased its stake in shares of Primerica by 25.5% during the 3rd quarter. AQR Capital Management LLC now owns 347,531 shares of the financial services provider’s stock worth $96,089,000 after purchasing an additional 70,510 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Primerica Stock Up 0.2%

Primerica stock opened at $266.25 on Monday. The stock has a market cap of $8.30 billion, a P/E ratio of 11.16 and a beta of 0.88. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $288.03. The company’s 50-day moving average price is $269.29 and its two-hundred day moving average price is $262.15.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $872.30 million during the quarter, compared to analysts’ expectations of $855.36 million. During the same quarter in the previous year, the company posted $5.02 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Primerica, Inc. will post 24.45 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors 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 annualized dividend 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 company’s stock in a transaction on 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 directly owned 9,811 shares of the company’s stock, valued at $2,743,548.04. This represents a 15.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PRI shares. Weiss Ratings upgraded shares of Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Morgan Stanley boosted their price target on Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upped their price objective on Primerica from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, Zacks Research cut Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $297.80.

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.