2,507 Shares in Primerica, Inc. (NYSE:PRI) Purchased by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd purchased a new stake in Primerica, Inc. (NYSE:PRI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,507 shares of the financial services provider’s stock, valued at approximately $665,000.

A number of other large investors also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in Primerica by 36.5% in the first quarter. Van ECK Associates Corp now owns 12,506 shares of the financial services provider’s stock valued at $3,164,000 after purchasing an additional 3,345 shares during the period. Blair William & Co. IL increased its stake in shares of Primerica by 24.5% during the first quarter. Blair William & Co. IL now owns 12,159 shares of the financial services provider’s stock worth $3,076,000 after purchasing an additional 2,393 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Primerica by 456.8% during the second quarter. Harbor Capital Advisors Inc. now owns 9,149 shares of the financial services provider’s stock worth $2,164,000 after purchasing an additional 7,506 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Primerica by 136.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,322 shares of the financial services provider’s stock worth $1,599,000 after purchasing an additional 3,649 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Primerica in the 1st quarter valued at about $979,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Primerica

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 45,322 shares in the company, valued at approximately $11,446,071.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Primerica news, Director John A. Jr. Addison sold 2,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $253.85, for a total value of $507,700.00. Following the completion of the transaction, the director now owns 15,151 shares in the company, valued at approximately $3,846,081.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the chief executive officer now owns 45,322 shares of the company’s stock, valued at $11,446,071.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock worth $1,657,015 over the last three months. Insiders own 0.85% of the company’s stock.

Primerica Trading Up 0.4 %

PRI stock traded up $1.04 during trading on Thursday, reaching $278.15. 18,109 shares of the stock were exchanged, compared to its average volume of 155,503. Primerica, Inc. has a 1 year low of $184.76 and a 1 year high of $284.37. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 16.93 and a beta of 1.09. The business has a 50 day moving average price of $264.66 and a 200-day moving average price of $243.65.

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

Primerica Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.29%. The ex-dividend date was Wednesday, August 21st. This is a positive change from Primerica’s previous quarterly dividend of $0.75. Primerica’s dividend payout ratio is 21.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PRI shares. Piper Sandler began coverage on Primerica in a report on Friday, August 30th. They set a “neutral” rating and a $283.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Morgan Stanley raised their price target on shares of Primerica from $257.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Finally, TD Cowen started coverage on shares of Primerica in a research note on Wednesday, October 9th. They set a “buy” rating and a $314.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $281.67.

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.