Primerica, Inc. (NYSE:PRI) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lessened its position in Primerica, Inc. (NYSE:PRI) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,982 shares of the financial services provider’s stock after selling 217 shares during the quarter. James Investment Research Inc.’s holdings in Primerica were worth $1,851,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Primerica in the 3rd quarter valued at approximately $31,000. ORG Partners LLC purchased a new position in Primerica in the second quarter valued at $30,000. UMB Bank n.a. boosted its holdings in Primerica by 85.9% in the third quarter. UMB Bank n.a. now owns 145 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 67 shares during the period. Blue Trust Inc. grew its stake in Primerica by 45.5% during the 2nd quarter. Blue Trust Inc. now owns 192 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 60 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Primerica during the 3rd quarter worth about $115,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, Director John A. Jr. Addison sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $253.85, for a total value of $507,700.00. Following the completion of the sale, the director now directly owns 15,151 shares of the company’s stock, valued at approximately $3,846,081.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Primerica news, Director John A. Jr. Addison sold 2,000 shares of Primerica stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total value of $507,700.00. Following the transaction, the director now directly owns 15,151 shares in the company, valued at approximately $3,846,081.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $261.11, for a total transaction of $391,665.00. Following the sale, the president now owns 10,259 shares of the company’s stock, valued at $2,678,727.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock worth $1,657,015 in the last quarter. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PRI. TD Cowen assumed coverage on Primerica in a research note on Wednesday, October 9th. They issued a “buy” rating and a $314.00 price objective for the company. Truist Financial lifted their price target on shares of Primerica from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Piper Sandler started coverage on shares of Primerica in a report on Friday, August 30th. They set a “neutral” rating and a $283.00 price target for the company. StockNews.com upgraded shares of Primerica from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $281.67.

Primerica Trading Down 0.9 %

Shares of NYSE:PRI opened at $274.39 on Friday. The firm has a 50 day simple moving average of $267.14 and a 200-day simple moving average of $245.76. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $284.37. The company has a market capitalization of $9.28 billion, a PE ratio of 21.97 and a beta of 1.09.

Primerica (NYSE:PRI) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.24. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The firm had revenue of $803.38 million during the quarter, compared to analysts’ expectations of $748.88 million. During the same period in the previous year, the company earned $3.99 earnings per share. Primerica’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts predict that Primerica, Inc. will post 18.13 EPS for the current fiscal year.

Primerica Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were given a $0.90 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This is a boost from Primerica’s previous quarterly dividend of $0.75. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.31%. Primerica’s dividend payout ratio is 28.82%.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.