797 Shares in Primerica, Inc. (NYSE:PRI) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in shares of Primerica, Inc. (NYSE:PRI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 797 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Primerica by 359,742.9% during the 3rd quarter. International Assets Investment Management LLC now owns 25,189 shares of the financial services provider’s stock worth $6,679,000 after acquiring an additional 25,182 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in Primerica during the 3rd quarter worth approximately $929,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Primerica during the 3rd quarter worth approximately $115,000. Raymond James & Associates grew its holdings in Primerica by 4.6% during the 3rd quarter. Raymond James & Associates now owns 121,349 shares of the financial services provider’s stock worth $32,176,000 after acquiring an additional 5,323 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Primerica by 247.4% during the 3rd quarter. Blue Trust Inc. now owns 667 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 475 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PRI shares. Morgan Stanley boosted their price target on shares of Primerica from $257.00 to $269.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Truist Financial upped their target price on shares of Primerica from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 9th. TD Cowen assumed coverage on shares of Primerica in a report on Wednesday, October 9th. They issued a “buy” rating and a $314.00 target price for the company. Jefferies Financial Group upped their target price on shares of Primerica from $239.00 to $249.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $281.67.

Primerica Price Performance

Shares of NYSE:PRI opened at $279.41 on Friday. The stock has a market cap of $9.45 billion, a P/E ratio of 22.37 and a beta of 1.09. The firm has a fifty day moving average price of $265.08 and a 200 day moving average price of $243.90. Primerica, Inc. has a 1-year low of $184.76 and a 1-year high of $284.37.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.24. The firm had revenue of $803.38 million during the quarter, compared to analysts’ expectations of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. Primerica’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.99 EPS. Sell-side analysts expect that Primerica, Inc. will post 18.13 EPS for the current fiscal year.

Primerica Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.60 dividend on an annualized basis and a yield of 1.29%. This is a boost from Primerica’s previous quarterly dividend of $0.75. Primerica’s dividend payout ratio is currently 28.82%.

Insider Buying and Selling

In related news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the completion of the sale, the chief executive officer now owns 45,322 shares in the company, valued at $11,446,071.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Primerica news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $261.11, for a total transaction of $391,665.00. Following the completion of the transaction, the president now owns 10,259 shares in the company, valued at approximately $2,678,727.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $252.55, for a total transaction of $757,650.00. Following the transaction, the chief executive officer now owns 45,322 shares of the company’s stock, valued at approximately $11,446,071.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock worth $1,657,015 in the last 90 days. Company insiders own 0.85% of the company’s stock.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.