116 Shares in Primerica, Inc. (NYSE:PRI) Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC acquired a new stake in shares of Primerica, Inc. (NYSE:PRI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 116 shares of the financial services provider’s stock, valued at approximately $31,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in shares of Primerica by 30,726.7% during the 2nd quarter. Millennium Management LLC now owns 680,961 shares of the financial services provider’s stock valued at $161,102,000 after acquiring an additional 678,752 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Primerica by 66.3% in the second quarter. Los Angeles Capital Management LLC now owns 99,758 shares of the financial services provider’s stock valued at $23,601,000 after purchasing an additional 39,761 shares in the last quarter. Squarepoint Ops LLC increased its position in Primerica by 2,986.9% in the 2nd quarter. Squarepoint Ops LLC now owns 32,104 shares of the financial services provider’s stock worth $7,595,000 after purchasing an additional 31,064 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Primerica during the 2nd quarter worth about $71,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Primerica by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 637,753 shares of the financial services provider’s stock worth $150,880,000 after purchasing an additional 21,836 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Transactions at Primerica

In related 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 directly owns 10,259 shares in the company, valued at $2,678,727.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, President Peter W. Schneider sold 1,500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $261.11, for a total transaction of $391,665.00. Following the transaction, the president now owns 10,259 shares in the company, valued at approximately $2,678,727.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction dated 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 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. Over the last quarter, insiders have sold 6,500 shares of company stock worth $1,657,015. Insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PRI shares. Morgan Stanley increased their price objective on Primerica from $257.00 to $269.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Truist Financial increased their price target on shares of Primerica from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods increased their target price on shares of Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Finally, TD Cowen initiated coverage on Primerica in a research report on Wednesday, October 9th. They issued a “buy” rating and a $314.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Primerica has an average rating of “Hold” and a consensus target price of $281.67.

Primerica Trading Down 0.8 %

NYSE:PRI opened at $276.94 on Tuesday. The firm has a market capitalization of $9.53 billion, a PE ratio of 16.86 and a beta of 1.09. Primerica, Inc. has a 1 year low of $184.76 and a 1 year high of $284.37. The firm’s fifty day simple moving average is $263.73 and its 200 day simple moving average is $243.19.

Primerica (NYSE:PRI) last posted 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 business had revenue of $803.38 million for the quarter, compared to analyst estimates of $748.88 million. During the same period in the previous year, the company posted $3.99 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, analysts anticipate that Primerica, Inc. will post 18.13 EPS for the current fiscal year.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.30%. This is a boost from Primerica’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Wednesday, August 21st. Primerica’s dividend payout ratio is currently 21.91%.

Primerica 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.