Primerica, Inc. (NYSE:PRI) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its holdings in shares of Primerica, Inc. (NYSE:PRI) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,127 shares of the financial services provider’s stock after selling 1,294 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.06% of Primerica worth $4,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Point Inc. acquired a new stake in Primerica during the 4th quarter valued at approximately $339,000. Louisiana State Employees Retirement System acquired a new position in shares of Primerica in the 4th quarter valued at $2,016,000. Los Angeles Capital Management LLC lifted its stake in shares of Primerica by 44.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 84,938 shares of the financial services provider’s stock valued at $16,479,000 after purchasing an additional 25,981 shares during the period. James Investment Research Inc. acquired a new position in shares of Primerica in the 3rd quarter valued at $1,054,000. Finally, Alps Advisors Inc. acquired a new position in shares of Primerica in the 3rd quarter valued at $6,098,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Trading Down 0.6 %

NYSE:PRI traded down $1.35 during trading hours on Friday, reaching $217.99. 199,217 shares of the company were exchanged, compared to its average volume of 291,986. The stock’s 50-day moving average is $237.59 and its 200-day moving average is $223.02. The firm has a market cap of $7.56 billion, a PE ratio of 13.73 and a beta of 1.10. Primerica, Inc. has a twelve month low of $173.00 and a twelve month high of $256.56.

Primerica (NYSE:PRI) last released its earnings results on Tuesday, February 13th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.27 by ($0.02). Primerica had a return on equity of 27.83% and a net margin of 20.37%. The business had revenue of $726.34 million for the quarter, compared to analysts’ expectations of $723.64 million. During the same period in the previous year, the company earned $3.49 EPS. Primerica’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that Primerica, Inc. will post 17.78 EPS for the current year.

Primerica Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.75 per share. This is a positive change from Primerica’s previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, February 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. Primerica’s dividend payout ratio is presently 18.89%.

Insider Transactions at Primerica

In other news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the completion of the sale, the president now owns 13,259 shares of the company’s stock, valued at $3,227,373.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $58,455.54. Following the completion of the sale, the insider now owns 100 shares of the company’s stock, valued at $24,981. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the completion of the sale, the president now directly owns 13,259 shares of the company’s stock, valued at approximately $3,227,373.19. The disclosure for this sale can be found here. Insiders sold 6,708 shares of company stock valued at $1,648,677 over the last 90 days. 0.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PRI. Morgan Stanley boosted their target price on shares of Primerica from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. StockNews.com upgraded shares of Primerica from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Truist Financial boosted their target price on shares of Primerica from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Raymond James cut shares of Primerica from a “strong-buy” rating to a “market perform” rating in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Primerica presently has a consensus rating of “Hold” and an average price target of $245.50.

About Primerica

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.