Los Angeles Capital Management LLC Has $15.18 Million Position in Primerica, Inc. (NYSE:PRI)

Los Angeles Capital Management LLC cut its stake in Primerica, Inc. (NYSE:PRI) by 52.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,997 shares of the financial services provider’s stock after selling 65,588 shares during the quarter. Los Angeles Capital Management LLC owned 0.17% of Primerica worth $15,177,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC boosted its position in shares of Primerica by 1.4% during the fourth quarter. Intech Investment Management LLC now owns 3,924 shares of the financial services provider’s stock worth $807,000 after buying an additional 55 shares during the period. PFW Advisors LLC boosted its position in Primerica by 3.8% during the 4th quarter. PFW Advisors LLC now owns 1,521 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 56 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of Primerica by 4.5% during the 4th quarter. Everhart Financial Group Inc. now owns 1,614 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 69 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Primerica by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 15,933 shares of the financial services provider’s stock valued at $3,091,000 after purchasing an additional 80 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Primerica in the fourth quarter valued at approximately $26,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $222.76, for a total transaction of $668,280.00. Following the completion of the sale, the chief executive officer now owns 48,322 shares of the company’s stock, valued at approximately $10,764,208.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $222.76, for a total transaction of $668,280.00. Following the completion of the sale, the chief executive officer now directly owns 48,322 shares of the company’s stock, valued at approximately $10,764,208.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $227.44, for a total value of $341,160.00. Following the completion of the transaction, the president now directly owns 11,759 shares in the company, valued at $2,674,466.96. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PRI shares. StockNews.com cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Keefe, Bruyette & Woods raised their price objective on Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley lifted their target price on Primerica from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $245.50.

Primerica Stock Performance

Shares of NYSE:PRI opened at $235.59 on Thursday. Primerica, Inc. has a 52-week low of $184.76 and a 52-week high of $256.56. The company has a market capitalization of $8.11 billion, a P/E ratio of 14.34 and a beta of 1.08. The company has a 50-day simple moving average of $222.29 and a 200 day simple moving average of $228.06.

Primerica (NYSE:PRI) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $3.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.12 by ($0.21). The business had revenue of $742.83 million during the quarter, compared to analyst estimates of $740.57 million. Primerica had a net margin of 20.44% and a return on equity of 27.35%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.49 earnings per share. As a group, equities analysts forecast that Primerica, Inc. will post 17.66 earnings per share for the current year.

Primerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 21st were issued a $0.75 dividend. The ex-dividend date was Monday, May 20th. This represents a $3.00 annualized dividend and a dividend yield of 1.27%. Primerica’s dividend payout ratio is currently 18.26%.

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.