Primerica, Inc. $PRI Shares Purchased by Quantum Capital Management LLC NJ

Quantum Capital Management LLC NJ increased its position in shares of Primerica, Inc. (NYSE:PRI) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253,748 shares of the financial services provider’s stock after purchasing an additional 20,810 shares during the quarter. Primerica accounts for approximately 7.6% 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 $65,559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PRI. Bank of Montreal Can lifted its holdings in shares of Primerica by 5,277.5% during the fourth quarter. Bank of Montreal Can now owns 1,311,634 shares of the financial services provider’s stock worth $338,874,000 after purchasing an additional 1,287,243 shares during the period. Life Cycle Investment Partners Ltd acquired a new stake in shares of Primerica during the fourth quarter worth about $40,714,000. Danske Bank A S acquired a new stake in shares of Primerica during the third quarter worth about $30,396,000. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Primerica during the fourth quarter worth about $23,767,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Primerica by 25.5% during the third quarter. AQR Capital Management LLC now owns 347,531 shares of the financial services provider’s stock worth $96,089,000 after purchasing an additional 70,510 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Weiss Ratings raised Primerica from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Morgan Stanley boosted their price target on Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Finally, Zacks Research downgraded Primerica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $297.80.

Insider Activity at Primerica

In other news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $279.64, for a total value of $503,352.00. Following the completion of the sale, the president directly 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 filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is owned by company insiders.

Primerica Trading Up 1.0%

Shares of NYSE:PRI opened at $281.87 on Friday. Primerica, Inc. has a 12-month low of $230.09 and a 12-month high of $288.03. The company has a market capitalization of $8.79 billion, a PE ratio of 11.82 and a beta of 0.88. The business has a 50 day moving average of $271.75 and a two-hundred day moving average of $262.65.

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 business had revenue of $872.30 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $5.02 earnings per share. Equities research analysts predict that Primerica, Inc. will post 24.45 earnings per share for the current fiscal year.

Primerica Announces Dividend

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

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.