Koshinski Asset Management Inc. Invests $429,000 in Primerica, Inc. $PRI

Koshinski Asset Management Inc. bought a new stake in Primerica, Inc. (NYSE:PRI) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,714 shares of the financial services provider’s stock, valued at approximately $429,000.

Several other large investors have also modified their holdings of the stock. Oxbow Advisors LLC boosted its position in shares of Primerica by 1.3% during the 1st quarter. Oxbow Advisors LLC now owns 12,430 shares of the financial services provider’s stock worth $3,113,000 after purchasing an additional 160 shares in the last quarter. World Investment Advisors lifted its stake in shares of Primerica by 10.0% in the first quarter. World Investment Advisors now owns 8,618 shares of the financial services provider’s stock valued at $2,159,000 after purchasing an additional 784 shares during the period. Root Financial Partners LLC lifted its stake in shares of Primerica by 52.6% in the first quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 61 shares during the period. Petros Family Wealth LLC boosted its holdings in Primerica by 5.2% during the first quarter. Petros Family Wealth LLC now owns 1,405 shares of the financial services provider’s stock worth $352,000 after buying an additional 70 shares in the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new position in Primerica during the first quarter worth about $17,043,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Primerica Stock Up 1.2%

PRI stock opened at $302.77 on Wednesday. Primerica, Inc. has a 52-week low of $230.09 and a 52-week high of $305.14. The stock’s fifty day simple moving average is $278.08 and its 200-day simple moving average is $266.36. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 12.69 and a beta of 0.88.

Primerica (NYSE:PRI) last posted its quarterly earnings data 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. The company had revenue of $872.30 million during the quarter, compared to the consensus estimate of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.02 EPS. As a group, analysts anticipate that Primerica, Inc. will post 24.51 earnings per share for the current fiscal year.

Primerica Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Primerica’s payout ratio is presently 20.13%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $279.64, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 that occurred on Friday, June 12th. The stock was sold at an average price of $280.49, for a total value of $420,735.00. Following the transaction, the chief executive officer directly owned 33,696 shares in the company, valued at $9,451,391.04. This trade represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by corporate insiders.

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.