Cwm LLC Trims Position in Primerica, Inc. (NYSE:PRI)

Cwm LLC decreased its holdings in shares of Primerica, Inc. (NYSE:PRI) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,099 shares of the financial services provider’s stock after selling 76 shares during the period. Cwm LLC’s holdings in Primerica were worth $226,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trust Point Inc. purchased a new position in Primerica during the 4th quarter valued at about $339,000. Louisiana State Employees Retirement System purchased a new position in Primerica during the 4th quarter valued at about $2,016,000. Los Angeles Capital Management LLC increased its position in Primerica by 44.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 84,938 shares of the financial services provider’s stock valued at $16,479,000 after purchasing an additional 25,981 shares during the period. James Investment Research Inc. purchased a new position in Primerica during the 3rd quarter valued at about $1,054,000. Finally, Alps Advisors Inc. purchased a new position in Primerica during the 3rd quarter valued at about $6,098,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Primerica Stock Down 0.6 %

PRI stock opened at $217.99 on Friday. The firm has a 50 day moving average of $237.59 and a 200 day moving average of $223.02. The stock has a market capitalization of $7.56 billion, a PE ratio of 13.73 and a beta of 1.10. Primerica, Inc. has a 52 week low of $173.00 and a 52 week high of $256.56.

Primerica (NYSE:PRI) last released its earnings results 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). The company had revenue of $726.34 million during the quarter, compared to analyst estimates of $723.64 million. Primerica had a return on equity of 27.83% and a net margin of 20.37%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $3.49 earnings per share. On average, equities research analysts expect that Primerica, Inc. will post 17.78 earnings per share for the current year.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 21st were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This is a boost from Primerica’s previous quarterly dividend of $0.65. This represents a $3.00 dividend on an annualized basis and a yield of 1.38%. Primerica’s dividend payout ratio (DPR) is 18.89%.

Insider Buying and Selling

In related news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $243.41, for a total value of $365,115.00. Following the completion of the sale, the president now directly owns 13,259 shares in the company, valued at approximately $3,227,373.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Primerica news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction that occurred 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 completion of the sale, the president now directly owns 13,259 shares in the company, valued at approximately $3,227,373.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction that occurred 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 sale, the insider now owns 100 shares of the company’s stock, valued at $24,981. The disclosure for this sale can be found here. Insiders sold 6,708 shares of company stock worth $1,648,677 in the last three months. Corporate insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

PRI has been the topic of a number of research 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. StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Morgan Stanley lifted 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. Keefe, Bruyette & Woods lifted 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, Truist Financial lifted 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $245.50.

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.