GSA Capital Partners LLP reduced its position in shares of Primerica, Inc. (NYSE:PRI) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,945 shares of the company’s stock after selling 965 shares during the period. GSA Capital Partners LLP’s holdings in Primerica were worth $342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in Primerica by 12.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,945,589 shares of the company’s stock worth $209,235,000 after buying an additional 443,030 shares during the last quarter. BlackRock Fund Advisors boosted its position in Primerica by 5.2% in the third quarter. BlackRock Fund Advisors now owns 2,484,680 shares of the company’s stock worth $131,763,000 after buying an additional 121,769 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Primerica by 3.5% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,815,541 shares of the company’s stock worth $125,545,000 after buying an additional 62,183 shares during the last quarter. Brown Advisory Inc. boosted its position in Primerica by 5.9% in the fourth quarter. Brown Advisory Inc. now owns 788,862 shares of the company’s stock worth $54,550,000 after buying an additional 43,714 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Primerica by 133.8% in the fourth quarter. Renaissance Technologies LLC now owns 381,999 shares of the company’s stock worth $26,415,000 after buying an additional 218,599 shares during the last quarter.
Primerica, Inc. (NYSE:PRI) opened at 80.05 on Tuesday. Primerica, Inc. has a 12-month low of $42.74 and a 12-month high of $84.15. The firm has a 50-day moving average of $80.57 and a 200-day moving average of $68.59. The stock has a market cap of $3.66 billion, a PE ratio of 17.46 and a beta of 1.15.
Primerica (NYSE:PRI) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $1.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.19. The firm had revenue of $393.90 million for the quarter, compared to analysts’ expectations of $386.46 million. Primerica had a net margin of 14.44% and a return on equity of 17.98%. Primerica’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. Equities analysts predict that Primerica, Inc. will post $5.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Monday, February 20th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.95%. This is a boost from Primerica’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 15th. Primerica’s payout ratio is 15.72%.
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A number of research analysts have weighed in on PRI shares. SunTrust Banks, Inc. set a $95.00 price objective on shares of Primerica and gave the company a “buy” rating in a report on Saturday, February 11th. Citigroup Inc started coverage on shares of Primerica in a report on Thursday, January 26th. They issued a “neutral” rating and a $76.00 price objective for the company. Zacks Investment Research cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Finally, Keefe, Bruyette & Woods set a $78.00 price objective on shares of Primerica and gave the company a “hold” rating in a report on Friday, March 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $82.50.
In other Primerica news, insider William A. Kelly sold 2,500 shares of Primerica stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $70.90, for a total transaction of $177,250.00. Following the transaction, the insider now directly owns 18,130 shares of the company’s stock, valued at $1,285,417. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Gregory C. Pitts sold 5,000 shares of Primerica stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $81.97, for a total transaction of $409,850.00. Following the transaction, the vice president now directly owns 18,290 shares in the company, valued at $1,499,231.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,850 shares of company stock worth $778,280. 1.24% of the stock is currently owned by corporate insiders.
Primerica Inc (Primerica) distributes financial products to middle-income households. The Company operates through three segments. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.
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