Primerica, Inc. (NYSE:PRI) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Primerica, Inc. (NYSE:PRI) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,737 shares of the financial services provider’s stock after selling 300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Primerica were worth $1,592,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PRI. Arlington Trust Co LLC bought a new stake in shares of Primerica during the 3rd quarter worth about $25,000. LWM Advisory Services LLC bought a new stake in shares of Primerica during the 3rd quarter worth about $26,000. ORG Partners LLC bought a new stake in shares of Primerica during the 4th quarter worth about $26,000. Sound Income Strategies LLC boosted its stake in shares of 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 acquiring an additional 128 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of 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 acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insiders Place Their Bets

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

Primerica Trading Down 2.3 %

Shares of PRI stock opened at $213.46 on Friday. The stock has a 50 day moving average of $240.84 and a two-hundred day moving average of $222.79. Primerica, Inc. has a 12 month low of $173.00 and a 12 month high of $256.56. The company has a market capitalization of $7.41 billion, a P/E ratio of 13.44 and a beta of 1.06.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $4.25 EPS for the quarter, missing analysts’ consensus estimates of $4.27 by ($0.02). Primerica had a return on equity of 27.83% and a net margin of 20.37%. The firm had revenue of $726.34 million during the quarter, compared to the consensus estimate of $723.64 million. During the same quarter in the prior year, the business posted $3.49 EPS. Primerica’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Primerica, Inc. will post 17.78 earnings per share for the current fiscal 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 given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Primerica’s previous quarterly dividend of $0.65. Primerica’s dividend payout ratio (DPR) is currently 18.89%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial upped their price target on Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Keefe, Bruyette & Woods increased their target price on Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Morgan Stanley increased their target price on Primerica from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. StockNews.com upgraded Primerica from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Raymond James downgraded Primerica from a “strong-buy” rating to a “market perform” rating in a research note on Monday, February 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $245.50.

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.