Creative Planning Purchases 40 Shares of Primerica, Inc. (NYSE:PRI)

Creative Planning grew its position in Primerica, Inc. (NYSE:PRI) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,083 shares of the financial services provider’s stock after acquiring an additional 40 shares during the period. Creative Planning’s holdings in Primerica were worth $1,613,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC acquired a new stake in Primerica in the 2nd quarter valued at about $30,000. UMB Bank n.a. lifted its position in shares of Primerica by 85.9% in the third quarter. UMB Bank n.a. now owns 145 shares of the financial services provider’s stock valued at $38,000 after buying an additional 67 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Primerica by 45.5% in the second quarter. Blue Trust Inc. now owns 192 shares of the financial services provider’s stock valued at $49,000 after buying an additional 60 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Primerica during the 2nd quarter worth approximately $71,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Primerica by 207.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 548 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 370 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PRI shares. StockNews.com raised Primerica from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Jefferies Financial Group lifted their target price on shares of Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. TD Cowen initiated coverage on shares of Primerica in a research note on Wednesday, October 9th. They issued a “buy” rating and a $314.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Finally, Truist Financial upped their target price on Primerica from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Primerica currently has a consensus rating of “Hold” and a consensus target price of $281.67.

Primerica Stock Down 0.2 %

NYSE PRI opened at $277.37 on Wednesday. The firm has a 50-day moving average price of $266.14 and a two-hundred day moving average price of $244.87. Primerica, Inc. has a 12-month low of $184.76 and a 12-month high of $284.37. The company has a market capitalization of $9.38 billion, a P/E ratio of 22.21 and a beta of 1.09.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share 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 the consensus estimate of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.99 earnings per share. Equities analysts expect that Primerica, Inc. will post 18.13 EPS for the current year.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Primerica’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, August 21st. Primerica’s dividend payout ratio is presently 28.82%.

Insider Transactions at Primerica

In related news, Director John A. Jr. Addison sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $253.85, for a total value of $507,700.00. Following the completion of the transaction, the director now owns 15,151 shares of the company’s stock, valued at $3,846,081.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director John A. Jr. Addison sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total transaction of $507,700.00. Following the sale, the director now owns 15,151 shares in the company, valued at approximately $3,846,081.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the transaction, the chief executive officer now owns 45,322 shares of the company’s stock, valued at approximately $11,446,071.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,500 shares of company stock valued at $1,657,015. 0.61% of the stock is owned by corporate insiders.

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.