Callan Family Office LLC Purchases New Position in Primerica, Inc. (NYSE:PRI)

Callan Family Office LLC acquired a new stake in shares of Primerica, Inc. (NYSE:PRI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,120 shares of the financial services provider’s stock, valued at approximately $265,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of Primerica by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 12,506 shares of the financial services provider’s stock valued at $3,164,000 after acquiring an additional 3,345 shares during the last quarter. Blair William & Co. IL grew its holdings in Primerica by 24.5% during the first quarter. Blair William & Co. IL now owns 12,159 shares of the financial services provider’s stock valued at $3,076,000 after purchasing an additional 2,393 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Primerica by 456.8% during the second quarter. Harbor Capital Advisors Inc. now owns 9,149 shares of the financial services provider’s stock valued at $2,164,000 after purchasing an additional 7,506 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Primerica by 136.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,322 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 3,649 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Primerica in the first quarter worth $979,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on PRI. StockNews.com upgraded shares of Primerica from a “hold” rating to a “buy” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Truist Financial upped their target price on shares of Primerica from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Finally, Morgan Stanley increased their target price on shares of Primerica from $257.00 to $269.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Primerica currently has a consensus rating of “Hold” and an average target price of $273.25.

Insider Buying and Selling at Primerica

In related news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the transaction, the chief executive officer now owns 45,322 shares in the company, valued at approximately $11,446,071.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Primerica news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $261.11, for a total transaction of $391,665.00. Following the sale, the president now directly owns 10,259 shares of the company’s stock, valued at $2,678,727.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the transaction, the chief executive officer now owns 45,322 shares of the company’s stock, valued at approximately $11,446,071.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,500 shares of company stock valued at $1,817,595. 0.85% of the stock is currently owned by corporate insiders.

Primerica Trading Down 0.4 %

Shares of NYSE PRI opened at $260.19 on Tuesday. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 15.84 and a beta of 1.09. Primerica, Inc. has a one year low of $184.76 and a one year high of $263.16. The business has a fifty day simple moving average of $246.14 and a 200 day simple moving average of $238.31.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.24. The company had revenue of $803.38 million during the quarter, compared to analysts’ expectations of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.99 EPS. On average, research analysts anticipate that Primerica, Inc. will post 17.92 earnings per share for the current fiscal year.

Primerica Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.90 per share. This is a boost from Primerica’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $3.60 dividend on an annualized basis and a yield of 1.38%. Primerica’s dividend payout ratio (DPR) is currently 21.91%.

Primerica 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.