Ifrah Financial Services Inc. Decreases Stock Holdings in Primerica, Inc. (NYSE:PRI)

Ifrah Financial Services Inc. reduced its holdings in Primerica, Inc. (NYSE:PRI) by 8.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,392 shares of the financial services provider’s stock after selling 128 shares during the period. Ifrah Financial Services Inc.’s holdings in Primerica were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. LWM Advisory Services LLC bought a new stake in shares of Primerica in the 3rd quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in shares of Primerica in the fourth quarter valued at $26,000. Sound Income Strategies LLC lifted its holdings in shares of Primerica by 121.9% in the 4th quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 128 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Primerica by 14.2% during the 3rd quarter. Assetmark Inc. now owns 674 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 84 shares during the period. Finally, GAMMA Investing LLC bought a new position in Primerica during the 4th quarter valued at about $133,000. 90.88% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Nicholas Adam Jendusa sold 234 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total transaction of $58,455.54. Following the transaction, the insider now directly owns 100 shares in the company, valued at approximately $24,981. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Nicholas Adam Jendusa sold 234 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total value of $58,455.54. Following the transaction, the insider now directly owns 100 shares of the company’s stock, valued at approximately $24,981. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John A. Jr. Addison sold 1,215 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $249.00, for a total value of $302,535.00. Following the sale, the director now owns 16,467 shares in the company, valued at approximately $4,100,283. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,708 shares of company stock worth $1,648,677. Insiders own 0.85% of the company’s stock.

Primerica Stock Performance

Primerica stock traded down $1.35 during mid-day trading on Friday, reaching $217.99. 199,217 shares of the company were exchanged, compared to its average volume of 291,986. Primerica, Inc. has a 12-month low of $173.00 and a 12-month high of $256.56. The business has a fifty day moving average of $237.59 and a 200 day moving average of $223.02. The firm has a market cap of $7.56 billion, a P/E ratio of 13.73 and a beta of 1.10.

Primerica (NYSE:PRI) last announced its earnings results on Tuesday, February 13th. The financial services provider reported $4.25 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 firm had revenue of $726.34 million during the quarter, compared to the consensus estimate of $723.64 million. During the same quarter in the prior year, the firm posted $3.49 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Primerica, Inc. will post 17.78 EPS for the current year.

Primerica Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Primerica’s previous quarterly dividend of $0.65. 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%.

Wall Street Analysts Forecast Growth

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

Primerica 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.