Gator Capital Management LLC Has $2.88 Million Stake in Primerica, Inc. $PRI

Gator Capital Management LLC boosted its holdings in shares of Primerica, Inc. (NYSE:PRI) by 1,311.3% in the fourth quarter, HoldingsChannel reports. The firm owned 11,149 shares of the financial services provider’s stock after acquiring an additional 10,359 shares during the period. Gator Capital Management LLC’s holdings in Primerica were worth $2,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Primerica by 186.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 69 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Primerica in the 4th quarter valued at $30,000. Torren Management LLC acquired a new stake in shares of Primerica in the 4th quarter valued at $50,000. Hantz Financial Services Inc. boosted its position in shares of Primerica by 620.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 216 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 186 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Primerica in the 4th quarter worth $67,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $279.64, for a total transaction of $503,352.00. Following the transaction, the president owned 9,811 shares of the company’s stock, valued at $2,743,548.04. The trade was a 15.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by company insiders.

Primerica Stock Up 1.0%

Shares of NYSE PRI opened at $281.87 on Friday. The business’s 50 day moving average price is $271.75 and its two-hundred day moving average price is $262.65. The company has a market cap of $8.79 billion, a PE ratio of 11.82 and a beta of 0.88. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $288.03.

Primerica (NYSE:PRI) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.45 by $0.51. The firm had revenue of $872.30 million for the quarter, compared to the consensus estimate of $855.36 million. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.02 earnings per share. As a group, research analysts anticipate that Primerica, Inc. will post 24.45 EPS for the current fiscal year.

Primerica Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 21st. Primerica’s payout ratio is 20.13%.

Wall Street Analysts Forecast Growth

PRI has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Primerica from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Morgan Stanley lifted their target price on Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, Zacks Research downgraded Primerica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $297.80.

Primerica Profile

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.