Proficio Capital Partners LLC purchased a new stake in Primerica, Inc. (NYSE:PRI – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 21,612 shares of the financial services provider’s stock, valued at approximately $5,866,000. Proficio Capital Partners LLC owned 0.06% of Primerica at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of PRI. Prospera Private Wealth LLC bought a new stake in Primerica during the 3rd quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new stake in Primerica during the 4th quarter worth approximately $33,000. Larson Financial Group LLC increased its stake in Primerica by 56.8% during the 3rd quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 54 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Primerica by 116.2% during the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 115 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Primerica by 65.5% during the 4th quarter. UMB Bank n.a. now owns 240 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 95 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at $56,030. This trade represents a 53.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $281.74, for a total value of $845,220.00. Following the sale, the chief executive officer now directly owns 33,322 shares of the company’s stock, valued at $9,388,140.28. This represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,234 shares of company stock valued at $1,476,575. 0.85% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on PRI
Primerica Trading Up 3.3 %
NYSE PRI opened at $285.76 on Monday. The company has a market cap of $9.50 billion, a PE ratio of 20.78 and a beta of 1.12. Primerica, Inc. has a 12 month low of $184.76 and a 12 month high of $307.91. The stock has a 50 day moving average of $284.60 and a 200-day moving average of $279.81.
Primerica (NYSE:PRI – Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 EPS for the quarter, beating the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. As a group, sell-side analysts predict that Primerica, Inc. will post 20.6 EPS for the current fiscal year.
Primerica Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, February 21st. This is an increase from Primerica’s previous quarterly dividend of $0.90. Primerica’s dividend payout ratio is presently 30.25%.
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.
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