Primerica, Inc. (NYSE:PRI) Shares Sold by Quantum Capital Management LLC NJ

Quantum Capital Management LLC NJ cut its stake in Primerica, Inc. (NYSE:PRI) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,324 shares of the financial services provider’s stock after selling 8,420 shares during the period. Primerica accounts for about 6.8% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 8th largest position. Quantum Capital Management LLC NJ owned about 0.81% of Primerica worth $58,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Intech Investment Management LLC boosted its holdings in shares of Primerica by 1.4% in the 4th quarter. Intech Investment Management LLC now owns 3,924 shares of the financial services provider’s stock valued at $807,000 after acquiring an additional 55 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Primerica by 4.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 229,084 shares of the financial services provider’s stock valued at $47,136,000 after acquiring an additional 9,198 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Primerica in the 4th quarter valued at $351,000. Franklin Resources Inc. boosted its holdings in shares of Primerica by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 51,846 shares of the financial services provider’s stock valued at $10,668,000 after acquiring an additional 699 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Primerica by 30.9% in the 4th quarter. Assetmark Inc. now owns 882 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 208 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Gregory C. Pitts sold 3,759 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $245.43, for a total value of $922,571.37. Following the completion of the sale, the chief operating officer now directly owns 3,379 shares in the company, valued at $829,307.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $227.44, for a total transaction of $341,160.00. Following the completion of the sale, the president now directly owns 11,759 shares in the company, valued at $2,674,466.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Gregory C. Pitts sold 3,759 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $245.43, for a total transaction of $922,571.37. Following the sale, the chief operating officer now owns 3,379 shares of the company’s stock, valued at $829,307.97. The disclosure for this sale can be found here. Insiders sold 6,993 shares of company stock worth $1,687,302 over the last three months. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on PRI shares. Raymond James downgraded shares of Primerica from a “strong-buy” rating to a “market perform” rating in a report on Monday, February 12th. StockNews.com downgraded shares of Primerica from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Morgan Stanley increased their price target on shares of Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods increased their price target on shares of Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, Truist Financial increased their price target on shares of Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Primerica has an average rating of “Hold” and a consensus price target of $245.50.

Primerica Trading Up 0.9 %

NYSE:PRI traded up $1.97 during trading hours on Friday, reaching $227.55. 100,003 shares of the company were exchanged, compared to its average volume of 181,921. The stock’s 50-day moving average is $230.85 and its 200-day moving average is $225.84. The firm has a market cap of $7.83 billion, a PE ratio of 13.85 and a beta of 1.10. Primerica, Inc. has a twelve month low of $180.65 and a twelve month high of $256.56.

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

Primerica Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 21st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Monday, May 20th. Primerica’s dividend payout ratio (DPR) is 18.26%.

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.