Sei Investments Co. Sells 1,867 Shares of Primerica, Inc. $PRI

Sei Investments Co. lowered its position in Primerica, Inc. (NYSE:PRI) by 2.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 65,201 shares of the financial services provider’s stock after selling 1,867 shares during the quarter. Sei Investments Co. owned about 0.21% of Primerica worth $16,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PRI. Hantz Financial Services Inc. increased its holdings in shares of Primerica by 18.1% in the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 39 shares during the period. Seeds Investor LLC boosted its stake in Primerica by 3.2% during the fourth quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock valued at $355,000 after buying an additional 42 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Primerica by 1.2% during the second quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 45 shares during the period. SkyView Investment Advisors LLC grew its position in Primerica by 0.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 46 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Primerica by 6.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 757 shares of the financial services provider’s stock worth $195,000 after buying an additional 47 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PRI has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Primerica from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods increased their target price on Primerica from $305.00 to $323.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. TD Cowen raised their price target on Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group lifted their price target on Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Primerica has a consensus rating of “Hold” and an average price target of $308.67.

Primerica Stock Down 0.0%

Shares of Primerica stock opened at $323.40 on Friday. The company’s fifty day simple moving average is $289.99 and its two-hundred day simple moving average is $272.44. Primerica, Inc. has a 12-month low of $230.09 and a 12-month high of $326.67. The firm has a market cap of $10.08 billion, a PE ratio of 13.56 and a beta of 0.88.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The business had revenue of $872.30 million during the quarter, compared to analyst estimates of $855.36 million. During the same quarter in the prior year, the company posted $5.02 EPS. Primerica’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Primerica, Inc. will post 24.65 earnings per share for the current fiscal year.

Primerica Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 21st. Primerica’s payout ratio is currently 20.13%.

Insider Buying and Selling

In other Primerica news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction 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 completion of the transaction, the president owned 9,811 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of Primerica stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $280.49, for a total value of $420,735.00. Following the completion of the transaction, the chief executive officer directly owned 33,696 shares of the company’s stock, valued at approximately $9,451,391.04. This represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.63% of the company’s stock.

About Primerica

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.