9,300 Shares in Primerica, Inc. $PRI Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of Primerica, Inc. (NYSE:PRI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,300 shares of the financial services provider’s stock, valued at approximately $2,329,000.

A number of other large investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in Primerica in the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC raised its position in shares of Primerica by 68.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $47,000 after buying an additional 73 shares during the last quarter. Torren Management LLC bought a new stake in shares of Primerica during the fourth quarter valued at approximately $50,000. Steph & Co. lifted its holdings in shares of Primerica by 38.0% in the first quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock worth $49,000 after buying an additional 54 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted 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 buying an additional 39 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Primerica

In other news, CEO Glenn J. Williams sold 1,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $280.49, for a total transaction of $420,735.00. Following the sale, the chief executive officer directly owned 33,696 shares in the company, valued at approximately $9,451,391.04. This represents a 4.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the completion of the transaction, the president directly owned 9,811 shares of the company’s stock, valued at approximately $2,743,548.04. The trade was a 15.50% 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. 0.63% of the stock is owned by company insiders.

Primerica Price Performance

NYSE:PRI opened at $286.62 on Tuesday. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 12.02 and a beta of 0.88. Primerica, Inc. has a 1 year low of $230.09 and a 1 year high of $288.03. The stock’s 50 day simple moving average is $276.11 and its two-hundred day simple moving average is $264.76.

Primerica (NYSE:PRI) last posted its 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 firm had revenue of $872.30 million during the quarter, compared to the consensus estimate of $855.36 million. During the same period in the prior year, the company earned $5.02 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Primerica, Inc. will post 24.45 EPS for the current year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a dividend of $1.20 per share. The ex-dividend date was Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.7%. Primerica’s dividend payout ratio (DPR) is 20.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Morgan Stanley boosted their price target on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Primerica from $290.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Primerica presently has a consensus rating of “Hold” and a consensus price target of $297.80.

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.