Captrust Financial Advisors Acquires 140 Shares of Primerica, Inc. (NYSE:PRI)

Captrust Financial Advisors increased its stake in Primerica, Inc. (NYSE:PRI) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,553 shares of the financial services provider’s stock after purchasing an additional 140 shares during the quarter. Captrust Financial Advisors’ holdings in Primerica were worth $422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Primerica in the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC raised its stake in Primerica by 129.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 71 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Primerica by 116.2% in the fourth quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. increased its stake in shares of Primerica by 65.5% in the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 95 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Primerica by 182.2% during the 4th quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 164 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PRI. BMO Capital Markets started coverage on shares of Primerica in a report on Thursday, January 23rd. They issued a “market perform” rating and a $311.00 target price for the company. Keefe, Bruyette & Woods dropped their price objective on Primerica from $320.00 to $315.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. StockNews.com downgraded Primerica from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Morgan Stanley upped their price target on Primerica from $274.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $308.00.

Insider Transactions at Primerica

In related news, President Peter W. Schneider sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total transaction of $565,800.00. Following the transaction, the president now directly owns 13,301 shares of the company’s stock, valued at $3,762,852.90. This represents a 13.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas Adam Jendusa sold 234 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total value of $65,555.10. Following the completion of the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $56,030. This represents a 53.92% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Primerica Stock Up 0.5%

Shares of PRI stock opened at $280.39 on Tuesday. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 20.39 and a beta of 1.02. Primerica, Inc. has a 52-week low of $219.52 and a 52-week high of $307.91. The company’s 50 day moving average is $269.18 and its 200 day moving average is $280.10.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.77 by $0.25. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The firm had revenue of $803.56 million for the quarter, compared to the consensus estimate of $783.54 million. During the same quarter in the previous year, the firm earned $3.91 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts anticipate that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica’s dividend payout ratio is currently 27.98%.

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.