International Assets Investment Management LLC Purchases 2,252 Shares of Primerica, Inc. (NYSE:PRI)

International Assets Investment Management LLC grew its position in shares of Primerica, Inc. (NYSE:PRI) by 20,472.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,263 shares of the financial services provider’s stock after acquiring an additional 2,252 shares during the quarter. International Assets Investment Management LLC’s holdings in Primerica were worth $466,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new position in Primerica during the 3rd quarter worth approximately $25,000. LWM Advisory Services LLC bought a new position in Primerica during the 3rd quarter worth approximately $26,000. Sound Income Strategies LLC raised its holdings in Primerica by 121.9% during the 4th quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 128 shares during the last quarter. IFP Advisors Inc raised its holdings in Primerica by 12.0% during the 3rd quarter. IFP Advisors Inc now owns 617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 66 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Primerica by 14.2% during the 3rd quarter. Assetmark Inc. now owns 674 shares of the financial services provider’s stock worth $131,000 after buying an additional 84 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

PRI has been the subject of several recent analyst reports. Raymond James downgraded shares of Primerica from a “strong-buy” rating to a “market perform” rating in a research report on Monday, February 12th. Truist Financial raised their price objective on shares of Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Keefe, Bruyette & Woods raised their price objective on shares of Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley raised their price objective on shares of Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $245.50.

Insiders Place Their Bets

In other Primerica news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction on Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the transaction, the president now directly owns 13,259 shares of the company’s stock, valued at approximately $3,227,373.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $249.81, for a total transaction of $58,455.54. Following the transaction, the insider now directly owns 100 shares of the company’s stock, valued at approximately $24,981. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction on Friday, March 15th. The stock was sold at an average price of $243.41, for a total transaction of $365,115.00. Following the transaction, the president now directly owns 13,259 shares in the company, valued at $3,227,373.19. The disclosure for this sale can be found here. Insiders have sold 6,708 shares of company stock valued at $1,648,677 in the last three months. 0.85% of the stock is currently owned by insiders.

Primerica Trading Down 1.5 %

NYSE PRI opened at $218.62 on Friday. The company has a fifty day simple moving average of $241.50 and a 200 day simple moving average of $222.54. Primerica, Inc. has a 12-month low of $173.00 and a 12-month high of $256.56. The company has a market cap of $7.59 billion, a P/E ratio of 13.77 and a beta of 1.06.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.27 by ($0.02). Primerica had a net margin of 20.37% and a return on equity of 27.83%. The business had revenue of $726.34 million during the quarter, compared to analyst estimates of $723.64 million. During the same period in the previous year, the business posted $3.49 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Primerica, Inc. will post 17.78 EPS for the current year.

Primerica Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. This is an increase from Primerica’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Tuesday, February 20th. Primerica’s payout ratio is currently 18.89%.

Primerica Company Profile

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.