5,979 Shares in Primerica, Inc. (NYSE:PRI) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new position in Primerica, Inc. (NYSE:PRI) in the 4th quarter, HoldingsChannel reports. The fund acquired 5,979 shares of the financial services provider’s stock, valued at approximately $1,622,000.

Several other large investors have also modified their holdings of PRI. Golden State Wealth Management LLC bought a new stake in shares of Primerica during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Primerica by 129.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 71 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Primerica by 116.2% during the fourth 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 period. UMB Bank n.a. lifted its position in shares of Primerica by 65.5% during the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider’s stock valued at $65,000 after buying an additional 95 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Primerica by 182.2% in the fourth quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity

In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the transaction, the insider now owns 200 shares of the company’s stock, valued at $56,030. This trade represents a 53.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $565,800.00. Following the completion of the sale, 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. Insiders sold a total of 5,234 shares of company stock valued at $1,476,575 in the last 90 days. Company insiders own 0.85% of the company’s stock.

Primerica Price Performance

PRI stock opened at $254.05 on Monday. Primerica, Inc. has a 1 year low of $211.53 and a 1 year high of $307.91. The firm has a market capitalization of $8.41 billion, a PE ratio of 18.48 and a beta of 1.03. The business has a 50 day simple moving average of $275.50 and a 200-day simple moving average of $281.70.

Primerica (NYSE:PRI) last announced its quarterly earnings results 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 net margin of 15.14% and a return on equity of 31.11%. On average, equities research analysts expect that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $1.04 dividend. This is a boost from Primerica’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, February 21st. This represents a $4.16 annualized dividend and a dividend yield of 1.64%. Primerica’s dividend payout ratio is 30.25%.

Wall Street Analysts Forecast Growth

PRI has been the topic of a number of analyst reports. StockNews.com cut shares of Primerica from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Morgan Stanley reduced their price objective on shares of Primerica from $313.00 to $304.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. BMO Capital Markets initiated coverage on shares of Primerica in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $311.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their target price on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $309.14.

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.