Envestnet Asset Management Inc. Sells 33,506 Shares of Primerica, Inc. $PRI

Envestnet Asset Management Inc. trimmed its holdings in Primerica, Inc. (NYSE:PRI) by 25.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,186 shares of the financial services provider’s stock after selling 33,506 shares during the quarter. Envestnet Asset Management Inc. owned 0.31% of Primerica worth $27,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Atria Investments Inc raised its position in shares of Primerica by 27.6% during the second quarter. Atria Investments Inc now owns 12,650 shares of the financial services provider’s stock valued at $3,462,000 after buying an additional 2,740 shares during the last quarter. Nordea Investment Management AB bought a new position in Primerica during the third quarter valued at about $51,004,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Primerica by 115.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,774 shares of the financial services provider’s stock valued at $3,268,000 after acquiring an additional 6,300 shares in the last quarter. Moran Wealth Management LLC bought a new stake in shares of Primerica in the 3rd quarter worth approximately $2,121,000. Finally, Aviva PLC acquired a new stake in shares of Primerica during the 2nd quarter worth approximately $514,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Trending Headlines about Primerica

Here are the key news stories impacting Primerica this week:

• Positive Sentiment: Q4 results beat expectations — Primerica reported $6.13 EPS vs. consensus $5.69 and revenue of $853.5M (y/y revenue +8.3%). That upside and year-over-year EPS growth underpin the strong fundamentals investors focus on. Business Wire: Q4 Results
• Positive Sentiment: Record sales in ISP (independent sales force) activity cited; management highlighted strong agent productivity that helped drive the quarter. This supports revenue durability if recruitment and retention persist. Investing.com: Record ISP Sales
• Positive Sentiment: Dividend increased 15.4% to $1.20 quarterly (announced with an ex-dividend date Feb 23), reflecting strong cash flow and a shareholder-return focus. That makes PRI more attractive to income-oriented investors. MarketWatch: Dividend Raise
• Neutral Sentiment: Company released the full press release and slide deck for the quarter; these provide detail on segment results and capital allocation but contain no material surprises beyond the headline beat. Press Release / Slide Deck
• Neutral Sentiment: Earnings call/transcript available — management commentary will be key for gauging forward growth drivers and expense trends; investors are parsing the call for guidance color. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Market focus on margin sustainability — several outlets flagged margin-related questions from the quarter and the call, which may have tempered enthusiasm despite the beat; concerns about future margin pressure likely drove the intraday pullback. Investing.com: Margin Questions

Primerica Price Performance

NYSE PRI opened at $251.30 on Friday. The firm has a market cap of $8.02 billion, a PE ratio of 10.96 and a beta of 0.91. Primerica, Inc. has a one year low of $230.09 and a one year high of $296.00. The stock’s 50 day simple moving average is $260.84 and its 200 day simple moving average is $263.71.

Primerica (NYSE:PRI) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $5.69 by $0.44. The company had revenue of $853.51 million for the quarter, compared to analyst estimates of $839.65 million. Primerica had a return on equity of 32.86% and a net margin of 22.82%.The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.03 earnings per share. As a group, equities analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, February 23rd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, February 23rd. This is a boost from Primerica’s previous quarterly dividend of $1.04. Primerica’s dividend payout ratio is 19.12%.

Primerica declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 19th that allows the company to repurchase $475.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PRI shares. Weiss Ratings upgraded Primerica from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating for the company in a research note on Tuesday, November 11th. Morgan Stanley set a $292.00 target price on shares of Primerica in a research report on Monday, December 15th. Zacks Research raised shares of Primerica from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Primerica in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Primerica currently has an average rating of “Moderate Buy” and a consensus target price of $300.00.

Insider Transactions at Primerica

In other news, President Peter W. Schneider sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $255.30, for a total transaction of $510,600.00. Following the transaction, the president directly owned 7,301 shares in the company, valued at approximately $1,863,945.30. This represents a 21.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joel M. Babbit sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $255.00, for a total transaction of $178,500.00. Following the completion of the sale, the director directly owned 8,400 shares of the company’s stock, valued at approximately $2,142,000. This represents a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.61% of the company’s stock.

About Primerica

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.