Primerica, Inc. (NYSE:PRI) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in Primerica, Inc. (NYSE:PRI) by 20.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,031 shares of the financial services provider’s stock after selling 760 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Primerica were worth $804,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Ballentine Partners LLC acquired a new stake in Primerica in the third quarter valued at approximately $215,000. Ausbil Investment Management Ltd acquired a new stake in Primerica in the third quarter valued at approximately $665,000. Impact Partnership Wealth LLC acquired a new stake in Primerica in the third quarter valued at approximately $211,000. International Assets Investment Management LLC grew its holdings in Primerica by 359,742.9% in the third quarter. International Assets Investment Management LLC now owns 25,189 shares of the financial services provider’s stock valued at $6,679,000 after purchasing an additional 25,182 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new stake in Primerica in the third quarter valued at approximately $929,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction on Monday, August 12th. The stock was sold at an average price of $252.55, for a total value of $757,650.00. Following the sale, the chief executive officer now owns 45,322 shares in the company, valued at $11,446,071.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction on Monday, August 12th. The stock was sold at an average price of $252.55, for a total value of $757,650.00. Following the sale, the chief executive officer now owns 45,322 shares in the company, valued at $11,446,071.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction on Monday, August 26th. The shares were sold at an average price of $261.11, for a total value of $391,665.00. Following the completion of the sale, the president now owns 10,259 shares in the company, valued at $2,678,727.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,500 shares of company stock worth $1,657,015. 0.61% of the stock is owned by corporate insiders.

Primerica Stock Performance

Shares of Primerica stock opened at $290.94 on Thursday. Primerica, Inc. has a one year low of $184.76 and a one year high of $295.67. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 23.29 and a beta of 1.08. The business’s 50 day moving average price is $268.36 and its 200 day moving average price is $247.42.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler assumed coverage on Primerica in a research report on Friday, August 30th. They issued a “neutral” rating and a $283.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Truist Financial raised their target price on Primerica from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Jefferies Financial Group raised their target price on Primerica from $239.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, TD Cowen assumed coverage on Primerica in a research report on Wednesday, October 9th. They issued a “buy” rating and a $314.00 target price on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Primerica currently has an average rating of “Hold” and an average price target of $281.67.

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.