Atria Wealth Solutions Inc. Buys 130 Shares of Primerica, Inc. (NYSE:PRI)

Atria Wealth Solutions Inc. lifted its position in Primerica, Inc. (NYSE:PRI) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,409 shares of the financial services provider’s stock after acquiring an additional 130 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Primerica were worth $290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PRI. Commonwealth Equity Services LLC increased its stake in Primerica by 3.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,367 shares of the financial services provider’s stock valued at $459,000 after buying an additional 75 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Primerica by 6.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,271 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 143 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Primerica by 1.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,744 shares of the financial services provider’s stock valued at $726,000 after acquiring an additional 59 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in Primerica during the third quarter worth $284,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Primerica by 15.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,402 shares of the financial services provider’s stock worth $1,436,000 after purchasing an additional 982 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity at Primerica

In related 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 transaction of $58,455.54. Following the transaction, the insider now directly owns 100 shares in the company, valued at approximately $24,981. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Primerica news, Director John A. Jr. Addison sold 1,215 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $249.00, for a total transaction of $302,535.00. Following the sale, the director now directly owns 16,467 shares in the company, valued at approximately $4,100,283. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total transaction of $58,455.54. Following the completion of 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 have sold a total of 6,708 shares of company stock valued at $1,648,677 over the last 90 days. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PRI has been the topic of a number of recent analyst reports. Truist Financial lifted their target price on Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. StockNews.com lowered shares of Primerica from a “buy” rating to a “hold” rating in a research report on Tuesday. Raymond James cut Primerica from a “strong-buy” rating to a “market perform” rating in a research note on Monday, February 12th. Morgan Stanley upped their price target on shares of Primerica from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $245.50.

Primerica Stock Performance

NYSE:PRI opened at $218.10 on Thursday. Primerica, Inc. has a 52-week low of $176.81 and a 52-week high of $256.56. The stock has a fifty day moving average of $236.05 and a 200 day moving average of $223.44. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 13.27 and a beta of 1.10.

Primerica (NYSE:PRI) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $3.91 earnings per share for the quarter, missing the consensus estimate of $4.12 by ($0.21). Primerica had a net margin of 20.37% and a return on equity of 27.83%. The business had revenue of $742.83 million during the quarter, compared to analysts’ expectations of $740.57 million. During the same period in the previous year, the business earned $3.49 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Primerica, Inc. will post 17.78 earnings per share for the current fiscal year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 21st will be paid a $0.75 dividend. The ex-dividend date is Monday, May 20th. This represents a $3.00 dividend on an annualized basis and a yield of 1.38%. Primerica’s dividend payout ratio is presently 18.26%.

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.