2,931 Shares in Primerica, Inc. $PRI Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of Primerica, Inc. (NYSE:PRI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,931 shares of the financial services provider’s stock, valued at approximately $833,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position 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 in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Primerica by 1.1% during the first quarter. Pacer Advisors Inc. now owns 3,790 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 40 shares during the period. Orion Porfolio Solutions LLC grew its position 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 purchasing an additional 45 shares in the last quarter. 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 valued at $1,794,000 after purchasing an additional 46 shares in the last quarter. Finally, JLB & Associates Inc. increased its stake in Primerica by 0.3% in the 4th quarter. JLB & Associates Inc. now owns 18,679 shares of the financial services provider’s stock valued at $4,826,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $312.65, for a total transaction of $562,770.00. Following the transaction, the president directly owned 8,011 shares of the company’s stock, valued at $2,504,639.15. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $320.20, for a total value of $480,300.00. Following the transaction, the chief executive officer owned 32,196 shares in the company, valued at approximately $10,309,159.20. This trade represents a 4.45% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 5,079 shares of company stock worth $1,551,308. Corporate insiders own 0.63% of the company’s stock.

Primerica Stock Performance

Shares of PRI opened at $289.86 on Friday. The firm has a market cap of $8.92 billion, a PE ratio of 11.64 and a beta of 0.87. The firm’s 50 day moving average price is $304.77 and its 200 day moving average price is $278.97. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $327.28.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $6.41 EPS for the quarter, topping the consensus estimate of $6.03 by $0.38. Primerica had a net margin of 23.20% and a return on equity of 32.45%. The company had revenue of $865.07 million during the quarter, compared to the consensus estimate of $881.00 million. During the same period in the previous year, the firm posted $5.46 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Primerica, Inc. will post 25.09 earnings per share for the current fiscal year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 21st will be issued a $1.20 dividend. The ex-dividend date is Friday, August 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Primerica’s dividend payout ratio is currently 19.28%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Primerica from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods boosted their price target on shares of Primerica from $323.00 to $335.00 and gave the company a “market perform” rating in a report on Tuesday, August 11th. TD Cowen upped their price target on shares of Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Truist Financial reiterated a “hold” rating and set a $320.00 price objective (down from $370.00) on shares of Primerica in a report on Thursday. Finally, Jefferies Financial Group lifted their price objective on Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $315.57.

Primerica Company 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.