Primerica, Inc. (NYSE:PRI) Stock Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC raised its stake in Primerica, Inc. (NYSE:PRI) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,088 shares of the financial services provider’s stock after buying an additional 38 shares during the period. HB Wealth Management LLC’s holdings in Primerica were worth $594,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Colonial Trust Co SC purchased a new position in shares of Primerica during the 4th quarter valued at $25,000. True Wealth Design LLC purchased a new position in shares of Primerica during the 4th quarter valued at $27,000. Golden State Wealth Management LLC grew its holdings in shares of Primerica by 105.7% during the 1st quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 130 shares in the last quarter. Bessemer Group Inc. grew its holdings 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 acquiring an additional 164 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Primerica by 26.9% during the 1st quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Morgan Stanley boosted their price target on shares of Primerica from $274.00 to $296.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $317.83.

Primerica Stock Up 1.5%

PRI stock opened at $265.77 on Friday. The business’s fifty day moving average is $266.65 and its 200-day moving average is $273.27. The company has a market cap of $8.79 billion, a P/E ratio of 17.87 and a beta of 0.98. Primerica, Inc. has a twelve month low of $230.98 and a twelve month high of $307.91.

Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.25. The business had revenue of $803.56 million during the quarter, compared to analysts’ expectations of $783.54 million. Primerica had a net margin of 15.82% and a return on equity of 32.30%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.91 EPS. Research analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a $1.04 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 annualized dividend and a dividend yield of 1.6%. Primerica’s dividend payout ratio (DPR) is presently 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.