Arbejdsmarkedets Tillaegspension Has $25.29 Million Stock Holdings in Primerica, Inc. $PRI

Arbejdsmarkedets Tillaegspension grew its stake in shares of Primerica, Inc. (NYSE:PRI) by 9.8% in the 1st quarter, HoldingsChannel reports. The firm owned 100,979 shares of the financial services provider’s stock after acquiring an additional 8,988 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Primerica were worth $25,293,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PRI. Bank of Montreal Can boosted its position in Primerica by 5,277.5% during the 4th quarter. Bank of Montreal Can now owns 1,311,634 shares of the financial services provider’s stock worth $338,874,000 after acquiring an additional 1,287,243 shares during the period. Geode Capital Management LLC increased its stake in Primerica by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 793,389 shares of the financial services provider’s stock valued at $205,011,000 after buying an additional 37,014 shares during the period. Dimensional Fund Advisors LP lifted its position in Primerica by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 642,950 shares of the financial services provider’s stock worth $166,119,000 after buying an additional 29,621 shares in the last quarter. First Trust Advisors LP lifted its position in Primerica by 2.7% in the 4th quarter. First Trust Advisors LP now owns 505,357 shares of the financial services provider’s stock worth $130,564,000 after buying an additional 13,274 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Primerica by 200.3% during the 4th quarter. Invesco Ltd. now owns 357,696 shares of the financial services provider’s stock valued at $92,414,000 after buying an additional 238,571 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PRI. Keefe, Bruyette & Woods boosted their price target on shares of Primerica from $290.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Weiss Ratings raised Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Jefferies Financial Group lifted their price target on Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a report on Friday. Finally, Morgan Stanley boosted their price target on Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $294.80.

Primerica Price Performance

NYSE PRI opened at $304.93 on Monday. Primerica, Inc. has a fifty-two week low of $230.09 and a fifty-two week high of $308.55. The stock’s 50-day moving average is $279.50 and its two-hundred day moving average is $267.30. The firm has a market cap of $9.51 billion, a P/E ratio of 12.79 and a beta of 0.88.

Primerica (NYSE:PRI) last released its quarterly earnings results 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 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 the consensus estimate of $855.36 million. During the same quarter in the prior year, the company posted $5.02 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Primerica, Inc. will post 24.51 EPS for the current year.

Primerica Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 21st. Primerica’s dividend payout ratio is currently 20.13%.

Insider Buying and Selling at Primerica

In other news, CEO Glenn J. Williams sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $280.49, for a total value of $420,735.00. Following the sale, the chief executive officer directly owned 33,696 shares of the company’s stock, valued at approximately $9,451,391.04. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the firm’s stock in a transaction dated 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 approximately $2,743,548.04. This represents a 15.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.63% of the company’s stock.

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.