Swiss National Bank Sells 700 Shares of Primerica, Inc. (NYSE:PRI)

Swiss National Bank lessened its holdings in shares of Primerica, Inc. (NYSE:PRI) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,500 shares of the financial services provider’s stock after selling 700 shares during the quarter. Swiss National Bank owned about 0.20% of Primerica worth $18,049,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PRI. Prospera Private Wealth LLC bought a new stake in shares of Primerica during the 3rd quarter valued at about $31,000. Golden State Wealth Management LLC bought a new stake in shares of Primerica during the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its position in shares of Primerica by 129.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 71 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Primerica by 56.8% during the 3rd quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 54 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Primerica by 116.2% in the 4th quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider’s stock worth $58,000 after buying an additional 115 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PRI shares. Morgan Stanley dropped their target price on Primerica from $313.00 to $304.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. TD Cowen boosted their target price on Primerica from $314.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com downgraded Primerica from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods boosted their target price on Primerica from $315.00 to $320.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets started coverage on Primerica in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $311.00 target price for the company. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $309.86.

Insider Activity

In other news, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total transaction of $845,220.00. Following the transaction, the chief executive officer now directly owns 33,322 shares of the company’s stock, valued at approximately $9,388,140.28. The trade was a 8.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total value of $565,800.00. Following the transaction, the president now directly owns 13,301 shares in the company, valued at $3,762,852.90. This trade represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,234 shares of company stock valued at $1,476,575. Company insiders own 0.85% of the company’s stock.

Primerica Stock Performance

Shares of PRI stock opened at $287.94 on Wednesday. Primerica, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $307.91. The stock has a 50 day moving average price of $285.15 and a two-hundred day moving average price of $280.19. The company has a market capitalization of $9.57 billion, a P/E ratio of 20.94 and a beta of 1.12.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. As a group, equities analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Primerica’s previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a dividend yield of 1.44%. Primerica’s payout ratio is 30.25%.

About Primerica

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.