Quantbot Technologies LP Invests $1.83 Million in Primerica, Inc. $PRI

Quantbot Technologies LP acquired a new position in shares of Primerica, Inc. (NYSE:PRI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,426 shares of the financial services provider’s stock, valued at approximately $1,826,000.

A number of other institutional investors have also recently bought and sold shares of PRI. SJS Investment Consulting Inc. grew its stake in 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 purchasing an additional 74 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Primerica in the 2nd quarter worth about $29,000. Root Financial Partners LLC raised its stake in shares of 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 purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Primerica by 68.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Finally, Steph & Co. lifted its holdings in shares of Primerica by 38.0% during the 1st quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock valued at $49,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PRI shares. Morgan Stanley boosted their price target on Primerica from $291.00 to $316.00 and gave the company an “equal weight” rating in a research note on Monday. Weiss Ratings lowered shares of Primerica from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods lifted their target price on shares of Primerica from $323.00 to $335.00 and gave the company a “market perform” rating in a research note on Tuesday, August 11th. TD Cowen boosted their target price on shares of Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $314.83.

Insiders Place Their Bets

In other Primerica news, Director Amber Lynne Cottle sold 279 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $313.63, for a total transaction of $87,502.77. Following the completion of the sale, the director owned 3,549 shares of the company’s stock, valued at $1,113,072.87. This represents a 7.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn J. Williams sold 1,500 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $320.20, for a total value of $480,300.00. Following the transaction, the chief executive officer owned 32,196 shares in the company, valued at approximately $10,309,159.20. This trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,079 shares of company stock valued at $1,551,308 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

Primerica Price Performance

NYSE PRI opened at $299.79 on Tuesday. Primerica, Inc. has a fifty-two week low of $230.09 and a fifty-two week high of $327.28. The stock’s 50-day moving average is $303.73 and its two-hundred day moving average is $278.39. The firm has a market cap of $9.23 billion, a P/E ratio of 12.04 and a beta of 0.87.

Primerica (NYSE:PRI) last released 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. The company had revenue of $865.07 million during the quarter, compared to the consensus estimate of $881.00 million. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.46 EPS. On average, equities analysts expect that Primerica, Inc. will post 25.02 EPS for the current year.

Primerica Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 21st. Primerica’s payout ratio is 19.28%.

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.