Primerica, Inc. $PRI Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Primerica, Inc. (NYSE:PRI) by 31.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,287 shares of the financial services provider’s stock after buying an additional 2,948 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Primerica were worth $3,411,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Olympiad Research LP lifted its holdings in shares of Primerica by 3.9% during the 2nd quarter. Olympiad Research LP now owns 1,061 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 40 shares during the period. Orion Porfolio Solutions LLC raised its stake in Primerica by 1.2% during the second quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 45 shares during the period. Ascent Group LLC boosted its holdings in shares of Primerica by 6.5% in the 3rd quarter. Ascent Group LLC now owns 836 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 51 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Primerica by 3.2% during the 2nd quarter. Vident Advisory LLC now owns 1,776 shares of the financial services provider’s stock valued at $486,000 after buying an additional 55 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Primerica by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,844 shares of the financial services provider’s stock worth $6,252,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PRI. Zacks Research upgraded Primerica from a “hold” rating to a “strong-buy” rating in a report on Monday. Piper Sandler set a $292.00 target price on Primerica and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley set a $292.00 target price on shares of Primerica in a research report on Monday, December 15th. TD Cowen restated a “buy” rating on shares of Primerica in a report on Wednesday. Finally, Weiss Ratings cut shares of Primerica from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Primerica has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

Primerica Stock Performance

Primerica stock opened at $259.40 on Thursday. The firm has a market capitalization of $8.28 billion, a PE ratio of 11.92 and a beta of 0.90. Primerica, Inc. has a one year low of $230.98 and a one year high of $298.75. The stock’s 50 day moving average price is $259.34 and its 200 day moving average price is $263.77.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.52 by $0.81. The business had revenue of $838.88 million during the quarter, compared to analyst estimates of $817.81 million. Primerica had a net margin of 22.36% and a return on equity of 31.75%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $4.83 EPS. On average, analysts forecast that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, November 21st. Primerica’s dividend payout ratio (DPR) is 19.12%.

Primerica announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 19th that authorizes the company to repurchase $475.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Primerica news, President Peter W. Schneider sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $255.30, for a total value of $510,600.00. Following the transaction, the president directly owned 7,301 shares of the company’s stock, valued at $1,863,945.30. This represents a 21.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joel M. Babbit sold 700 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $255.00, for a total value of $178,500.00. Following the transaction, the director owned 8,400 shares of the company’s stock, valued at approximately $2,142,000. This trade represents a 7.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,200 shares of company stock worth $1,338,225 in the last three months. 0.61% of the stock is owned by insiders.

Primerica 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.