Blair William & Co. IL Purchases 106 Shares of Primerica, Inc. (NYSE:PRI)

Blair William & Co. IL boosted its position in Primerica, Inc. (NYSE:PRI) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,265 shares of the financial services provider’s stock after acquiring an additional 106 shares during the period. Blair William & Co. IL’s holdings in Primerica were worth $2,902,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in shares of Primerica by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 12,506 shares of the financial services provider’s stock valued at $3,164,000 after buying an additional 3,345 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Primerica by 456.8% during the second quarter. Harbor Capital Advisors Inc. now owns 9,149 shares of the financial services provider’s stock worth $2,164,000 after acquiring an additional 7,506 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Primerica by 136.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,322 shares of the financial services provider’s stock worth $1,599,000 after acquiring an additional 3,649 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Primerica in the first quarter valued at $979,000. Finally, Running Oak Capital LLC raised its stake in shares of Primerica by 8.1% during the 1st quarter. Running Oak Capital LLC now owns 47,911 shares of the financial services provider’s stock valued at $12,120,000 after purchasing an additional 3,571 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PRI. Truist Financial increased their price target on shares of Primerica from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods increased their target price on shares of Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Jefferies Financial Group boosted their price target on shares of Primerica from $239.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Morgan Stanley increased their price objective on Primerica from $257.00 to $269.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Finally, StockNews.com cut Primerica from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $275.20.

Insider Activity

In other Primerica news, Director John A. Jr. Addison sold 2,000 shares of Primerica stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $253.85, for a total value of $507,700.00. Following the transaction, the director now directly owns 15,151 shares of the company’s stock, valued at approximately $3,846,081.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John A. Jr. Addison sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total value of $507,700.00. Following the transaction, the director now owns 15,151 shares in the company, valued at $3,846,081.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction on Monday, August 12th. The stock was sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the transaction, the chief executive officer now directly owns 45,322 shares in the company, valued at $11,446,071.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,500 shares of company stock valued at $1,657,015. Insiders own 0.85% of the company’s stock.

Primerica Price Performance

Shares of PRI opened at $258.60 on Monday. Primerica, Inc. has a 1 year low of $184.76 and a 1 year high of $265.27. The stock has a 50 day simple moving average of $254.26 and a two-hundred day simple moving average of $239.92. The firm has a market cap of $8.90 billion, a P/E ratio of 15.74 and a beta of 1.09.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.24. The company had revenue of $803.38 million during the quarter, compared to analysts’ expectations of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.99 EPS. On average, equities analysts anticipate that Primerica, Inc. will post 17.94 earnings per share for the current year.

Primerica Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were issued a $0.90 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.60 annualized dividend and a dividend yield of 1.39%. This is an increase from Primerica’s previous quarterly dividend of $0.75. Primerica’s payout ratio is currently 21.91%.

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.