Primerica, Inc. (NYSE:PRI) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC trimmed its holdings in Primerica, Inc. (NYSE:PRI) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,753 shares of the financial services provider’s stock after selling 69 shares during the period. Advisory Alpha LLC’s holdings in Primerica were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new position in shares of Primerica in the 4th quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Primerica by 493.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 148 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Primerica by 121.9% in the 4th quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 128 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Primerica in the 4th quarter valued at about $133,000. Finally, O Dell Group LLC acquired a new position in shares of Primerica in the 4th quarter valued at about $153,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PRI shares. Keefe, Bruyette & Woods boosted their price target on Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Jefferies Financial Group lifted their price objective on Primerica from $235.00 to $236.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Morgan Stanley dropped their price objective on Primerica from $245.00 to $243.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, StockNews.com downgraded Primerica from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $253.50.

Insiders Place Their Bets

In other news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction 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 in the company, valued at $2,674,466.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Peter W. Schneider sold 1,500 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $227.44, for a total transaction of $341,160.00. Following the sale, the president now directly 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 can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $222.76, for a total value of $668,280.00. Following the sale, the chief executive officer now directly owns 48,322 shares in the company, valued at $10,764,208.72. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

Primerica Stock Performance

Shares of NYSE PRI traded up $2.71 during trading on Friday, reaching $241.01. The stock had a trading volume of 8,442 shares, compared to its average volume of 169,800. Primerica, Inc. has a one year low of $184.76 and a one year high of $256.56. The stock has a market cap of $8.29 billion, a PE ratio of 14.50 and a beta of 1.09. The firm’s 50 day moving average price is $228.62 and its two-hundred day moving average price is $230.91.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $3.91 earnings per share for the quarter, missing analysts’ consensus estimates of $4.12 by ($0.21). The firm had revenue of $742.83 million during the quarter, compared to the consensus estimate of $740.57 million. Primerica had a net margin of 20.44% and a return on equity of 27.35%. Primerica’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.49 earnings per share. On average, research analysts expect that Primerica, Inc. will post 17.66 earnings per share for the current year.

Primerica Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $3.00 dividend on an annualized basis and a yield of 1.24%. Primerica’s dividend payout ratio (DPR) is presently 18.26%.

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.