Primerica, Inc. $PRI Shares Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH boosted its position in shares of Primerica, Inc. (NYSE:PRI) by 245.4% in the second quarter, HoldingsChannel.com reports. The fund owned 2,874 shares of the financial services provider’s stock after purchasing an additional 2,042 shares during the period. denkapparat Operations GmbH’s holdings in Primerica were worth $817,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Primerica during the second quarter worth about $848,161,000. KBC Group NV grew its holdings in shares of Primerica by 2,664.8% in the first quarter. KBC Group NV now owns 24,496 shares of the financial services provider’s stock valued at $6,136,000 after purchasing an additional 23,610 shares in the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Primerica in the fourth quarter valued at approximately $23,767,000. Jefferies Financial Group Inc. purchased a new stake in Primerica during the 4th quarter worth approximately $2,289,000. Finally, Oxbow Advisors LLC purchased a new stake in Primerica during the 4th quarter worth approximately $3,170,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Primerica

In related news, CEO Glenn Williams sold 1,500 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $320.20, for a total transaction of $480,300.00. Following the completion of the transaction, the chief executive officer owned 32,196 shares in the company, valued at approximately $10,309,159.20. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter 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 value of $562,770.00. Following the completion of the transaction, the president directly owned 8,011 shares in the company, valued at $2,504,639.15. This trade represents a 18.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,079 shares of company stock valued at $1,551,308. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PRI shares. Keefe, Bruyette & Woods raised their price target on shares of Primerica from $323.00 to $335.00 and gave the company a “market perform” rating in a research report on Tuesday, August 11th. Jefferies Financial Group upped their price objective on Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Truist Financial reiterated a “hold” rating and issued a $320.00 price objective (down from $370.00) on shares of Primerica in a research note on Thursday, August 27th. Weiss Ratings lowered Primerica from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, TD Cowen boosted their target price on Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $315.57.

Primerica Stock Up 1.7%

Shares of NYSE:PRI opened at $298.62 on Friday. The firm’s 50 day moving average price is $305.63 and its 200 day moving average price is $280.09. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 11.99 and a beta of 0.86. Primerica, Inc. has a fifty-two week low of $230.09 and a fifty-two week high of $327.28.

Primerica (NYSE:PRI) last posted its quarterly 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 analysts’ expectations of $881.00 million. During the same quarter in the previous year, the business posted $5.46 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Primerica, Inc. will post 25.2 EPS for the current year.

Primerica Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st. Primerica’s payout ratio is 19.28%.

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.