Quantum Capital Management LLC NJ Has $62.85 Million Stake in Primerica, Inc. $PRI

Quantum Capital Management LLC NJ decreased its position in Primerica, Inc. (NYSE:PRI) by 1.1% in the first quarter, Holdings Channel reports. The firm owned 250,901 shares of the financial services provider’s stock after selling 2,847 shares during the period. Primerica accounts for 8.0% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 3rd largest holding. Quantum Capital Management LLC NJ’s holdings in Primerica were worth $62,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in Primerica by 4.7% during the 1st quarter. First Trust Advisors LP now owns 529,207 shares of the financial services provider’s stock worth $132,556,000 after purchasing an additional 23,850 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Primerica by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 650,578 shares of the financial services provider’s stock worth $162,950,000 after buying an additional 7,628 shares during the period. Parallel Advisors LLC grew its position in shares of Primerica by 75.6% during the 1st quarter. Parallel Advisors LLC now owns 411 shares of the financial services provider’s stock worth $103,000 after buying an additional 177 shares in the last quarter. KBC Group NV grew its position in shares of Primerica by 2,664.8% during the 1st quarter. KBC Group NV now owns 24,496 shares of the financial services provider’s stock worth $6,136,000 after buying an additional 23,610 shares in the last quarter. Finally, Kera Capital Partners Inc. increased its stake in shares of Primerica by 52.5% during the first quarter. Kera Capital Partners Inc. now owns 2,283 shares of the financial services provider’s stock valued at $572,000 after buying an additional 786 shares during the period. Institutional investors own 90.88% of the company’s stock.

Primerica Trading Up 1.2%

Shares of NYSE PRI opened at $313.15 on Thursday. The stock has a market capitalization of $9.76 billion, a PE ratio of 13.13 and a beta of 0.88. The stock’s fifty day simple moving average is $285.13 and its two-hundred day simple moving average is $270.09. Primerica, Inc. has a 12-month low of $230.09 and a 12-month high of $317.69.

Primerica (NYSE:PRI) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. The business 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 period last year, the business posted $5.02 EPS. On average, equities analysts predict that Primerica, Inc. will post 24.54 earnings per share for the current fiscal year.

Primerica Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. TD Cowen increased their target price on shares of Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings raised shares of Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. Jefferies Financial Group raised their target price on shares of Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Primerica from $305.00 to $323.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $308.67.

Insider Activity

In other Primerica news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $279.64, for a total value of $503,352.00. Following the transaction, the president owned 9,811 shares in the company, valued at $2,743,548.04. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $280.49, for a total transaction of $420,735.00. Following the completion of the transaction, the chief executive officer owned 33,696 shares of the company’s stock, valued at $9,451,391.04. This represents a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is owned by insiders.

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.