Handelsinvest Investeringsforvaltning Has $270,000 Stock Holdings in Primerica, Inc. (NYSE:PRI)

Handelsinvest Investeringsforvaltning cut its holdings in Primerica, Inc. (NYSE:PRI) by 34.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,067 shares of the financial services provider’s stock after selling 554 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Primerica were worth $270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Intech Investment Management LLC grew its position in shares of Primerica by 1.4% in the 4th quarter. Intech Investment Management LLC now owns 3,924 shares of the financial services provider’s stock valued at $807,000 after purchasing an additional 55 shares during the period. PFW Advisors LLC lifted its stake in Primerica by 3.8% in the 4th quarter. PFW Advisors LLC now owns 1,521 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 56 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in Primerica by 4.5% in the 4th quarter. Everhart Financial Group Inc. now owns 1,614 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 69 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Primerica by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 15,933 shares of the financial services provider’s stock valued at $3,091,000 after acquiring an additional 80 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in Primerica in the 4th quarter valued at approximately $26,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Primerica

In other Primerica news, President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $227.44, for a total value of $341,160.00. Following the completion of the sale, the president now owns 11,759 shares of the company’s stock, valued at $2,674,466.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $227.44, for a total value of $341,160.00. Following the transaction, the president now owns 11,759 shares in the company, valued at $2,674,466.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $222.76, for a total value of $668,280.00. Following the completion of the transaction, the chief executive officer now owns 48,322 shares in the company, valued at approximately $10,764,208.72. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Primerica Stock Up 0.5 %

Primerica stock traded up $1.14 during trading hours on Wednesday, hitting $239.00. The stock had a trading volume of 7,266 shares, compared to its average volume of 170,926. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 14.49 and a beta of 1.09. Primerica, Inc. has a one year low of $184.76 and a one year high of $256.56. The business’s 50 day simple moving average is $226.03 and its 200-day simple moving average is $229.81.

Primerica (NYSE:PRI) last released its earnings results on Monday, May 6th. The financial services provider reported $3.91 EPS for the quarter, missing the consensus estimate of $4.12 by ($0.21). Primerica had a return on equity of 27.35% and a net margin of 20.44%. The business had revenue of $742.83 million for the quarter, compared to analyst estimates of $740.57 million. During the same period in the prior year, the business earned $3.49 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts anticipate that Primerica, Inc. will post 17.66 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 21st were paid a $0.75 dividend. The ex-dividend date was Monday, May 20th. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. Primerica’s dividend payout ratio (DPR) is presently 18.26%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their target price on Primerica from $235.00 to $236.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Keefe, Bruyette & Woods boosted their target price on Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. StockNews.com cut Primerica from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, Morgan Stanley upped their price objective on Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $255.25.

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.