Primerica, Inc. $PRI Stock Holdings Reduced by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lowered its stake in Primerica, Inc. (NYSE:PRI) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 611,281 shares of the financial services provider’s stock after selling 28,976 shares during the quarter. Primerica makes up approximately 1.7% of Fiduciary Management Inc. WI’s portfolio, making the stock its 26th largest holding. Fiduciary Management Inc. WI’s holdings in Primerica were worth $157,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Primerica by 186.5% in the third quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock worth $29,000 after buying an additional 69 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Primerica in the fourth quarter worth about $30,000. Torren Management LLC acquired a new stake in shares of Primerica in the fourth quarter worth about $50,000. Hantz Financial Services Inc. lifted its position in shares of Primerica by 620.0% in the third quarter. Hantz Financial Services Inc. now owns 216 shares of the financial services provider’s stock worth $60,000 after buying an additional 186 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Primerica in the fourth quarter worth about $67,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Primerica

In related 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 completion of the transaction, the president 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.63% of the company’s stock.

Primerica Stock Performance

NYSE PRI opened at $266.25 on Friday. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $288.03. The stock has a market capitalization of $8.30 billion, a PE ratio of 11.16 and a beta of 0.88. The stock has a 50-day simple moving average of $269.29 and a 200 day simple moving average of $262.10.

Primerica (NYSE:PRI) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The business had revenue of $872.30 million during the quarter, compared to analysts’ expectations of $855.36 million. During the same quarter in the previous year, the firm earned $5.02 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Primerica, Inc. will post 24.45 EPS for the current fiscal year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 21st. Primerica’s payout ratio is currently 20.13%.

Wall Street Analyst Weigh In

PRI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. 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 report on Thursday, May 21st. Zacks Research cut Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings raised Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $297.80.

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.