Dimensional Fund Advisors LP Purchases 7,628 Shares of Primerica, Inc. $PRI

Dimensional Fund Advisors LP boosted its holdings in Primerica, Inc. (NYSE:PRI) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 650,578 shares of the financial services provider’s stock after purchasing an additional 7,628 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Primerica were worth $162,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in Primerica by 18.1% during the 4th 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 position in Primerica by 3.2% in the fourth quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 42 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in Primerica by 1.2% in the second 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 during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Primerica by 0.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 46 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Primerica by 6.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 757 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 47 shares during the period. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other news, 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 of the company’s stock, valued at approximately $2,743,548.04. This trade represents a 15.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of Primerica stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $280.49, for a total transaction of $420,735.00. Following the sale, the chief executive officer directly owned 33,696 shares in the company, valued at $9,451,391.04. The trade was a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

PRI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Primerica from $305.00 to $323.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. TD Cowen upped their price target on shares of Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their price target on shares of Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Weiss Ratings raised shares of Primerica from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $308.67.

Primerica Stock Performance

Shares of PRI stock opened at $314.13 on Friday. The firm has a market cap of $9.79 billion, a P/E ratio of 13.17 and a beta of 0.88. Primerica, Inc. has a fifty-two week low of $230.09 and a fifty-two week high of $317.69. The business’s 50 day moving average price is $286.72 and its 200-day moving average price is $270.74.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.45 by $0.51. The firm had revenue of $872.30 million for the quarter, compared to analysts’ expectations of $855.36 million. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.02 earnings per share. As a group, equities analysts predict that Primerica, Inc. will post 24.6 EPS for the current year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a $1.20 dividend. The ex-dividend date was Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.5%. Primerica’s payout ratio is 20.13%.

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.