Primerica, Inc. (NYSE:PRI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in Primerica, Inc. (NYSE:PRIFree Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,954 shares of the financial services provider’s stock after selling 2,361 shares during the period. California State Teachers Retirement System owned 0.11% of Primerica worth $7,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PRI. Swiss National Bank increased its position in shares of Primerica by 0.3% in the 3rd quarter. Swiss National Bank now owns 79,700 shares of the financial services provider’s stock valued at $15,463,000 after acquiring an additional 200 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Primerica in the 3rd quarter valued at $248,000. Janney Montgomery Scott LLC boosted its holdings in Primerica by 33.7% in the third quarter. Janney Montgomery Scott LLC now owns 9,159 shares of the financial services provider’s stock valued at $1,777,000 after purchasing an additional 2,309 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Primerica by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,340 shares of the financial services provider’s stock valued at $64,477,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Primerica by 42.8% in the third quarter. Van ECK Associates Corp now owns 6,667 shares of the financial services provider’s stock valued at $1,293,000 after purchasing an additional 1,999 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on PRI. StockNews.com lowered shares of Primerica from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Raymond James lowered shares of Primerica from a “strong-buy” rating to a “market perform” rating in a report 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 report on Monday, April 15th. Keefe, Bruyette & Woods upped their price target on shares of Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, Truist Financial upped their price target on shares of Primerica from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Primerica currently has a consensus rating of “Hold” and a consensus target price of $245.50.

View Our Latest Stock Analysis on PRI

Primerica Stock Down 0.4 %

PRI stock opened at $226.39 on Monday. The company’s 50-day simple moving average is $225.62 and its 200-day simple moving average is $227.29. Primerica, Inc. has a 52-week low of $184.76 and a 52-week high of $256.56. The firm has a market cap of $7.79 billion, a P/E ratio of 13.78 and a beta of 1.08.

Primerica (NYSE:PRIGet Free Report) last posted its earnings results on Monday, May 6th. The financial services provider reported $3.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.12 by ($0.21). Primerica had a return on equity of 27.35% and a net margin of 20.44%. The firm had revenue of $742.83 million for the quarter, compared to analysts’ expectations of $740.57 million. During the same period in the previous year, the company earned $3.49 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Primerica, Inc. will post 17.66 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st will be given a dividend of $0.75 per share. The ex-dividend date is Monday, May 20th. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. Primerica’s dividend payout ratio (DPR) is presently 18.26%.

Insider Buying and Selling

In related news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $227.44, for a total transaction of $341,160.00. Following the completion of the transaction, the president now owns 11,759 shares in the company, valued at approximately $2,674,466.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Nicholas Adam Jendusa sold 234 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $249.81, for a total transaction of $58,455.54. Following the completion of the transaction, the insider now owns 100 shares in the company, valued at approximately $24,981. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $227.44, for a total transaction of $341,160.00. Following the completion of the sale, the president now owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The disclosure for this sale can be found here. Insiders sold a total of 3,234 shares of company stock worth $764,731 in the last 90 days. Insiders own 0.85% of the company’s stock.

Primerica Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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