Vista Investment Partners LLC Has $4.38 Million Position in Primerica, Inc. $PRI

Vista Investment Partners LLC lifted its holdings in shares of Primerica, Inc. (NYSE:PRI) by 41.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,412 shares of the financial services provider’s stock after purchasing an additional 4,542 shares during the period. Vista Investment Partners LLC’s holdings in Primerica were worth $4,381,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRI. SJS Investment Consulting Inc. raised its holdings in shares of Primerica by 176.2% in the first quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock valued at $29,000 after buying an additional 74 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Primerica during the 4th quarter worth about $30,000. Root Financial Partners LLC grew its holdings in Primerica by 52.6% during the 1st quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Primerica by 68.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 73 shares in the last quarter. Finally, Steph & Co. increased its position in Primerica by 38.0% in the 1st quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 54 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Stock Performance

Shares of Primerica stock opened at $321.03 on Monday. The firm has a fifty day moving average of $295.47 and a two-hundred day moving average of $274.77. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 12.89 and a beta of 0.87. Primerica, Inc. has a 52 week low of $230.09 and a 52 week high of $327.28.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.38. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The business had revenue of $865.07 million for the quarter, compared to analyst estimates of $881.00 million. During the same period last year, the company earned $5.46 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, research analysts forecast that Primerica, Inc. will post 24.7 EPS for the current fiscal year.

Primerica Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.80 annualized dividend and a yield of 1.5%. Primerica’s dividend payout ratio is presently 19.28%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRI. Keefe, Bruyette & Woods upped their target price on shares of Primerica from $305.00 to $323.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Primerica from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, July 24th. Jefferies Financial Group upped their price objective on Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Morgan Stanley increased their price objective on Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Finally, TD Cowen lifted their target price on Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Primerica presently has an average rating of “Hold” and an average price target of $308.67.

Insider Transactions at Primerica

In other Primerica news, CEO Glenn J. Williams sold 1,500 shares of the firm’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 transaction, the chief executive officer owned 33,696 shares in the company, valued at approximately $9,451,391.04. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 business’s 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 of the company’s stock, valued at $2,743,548.04. The trade was a 15.50% 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 company 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.