Versor Investments LP Takes Position in Primerica, Inc. (NYSE:PRI)

Versor Investments LP bought a new stake in shares of Primerica, Inc. (NYSE:PRI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,856 shares of the financial services provider’s stock, valued at approximately $1,022,000.

Several other large investors also recently modified their holdings of the business. ORG Partners LLC acquired a new position in Primerica in the second quarter worth about $30,000. V Square Quantitative Management LLC acquired a new position in Primerica in the third quarter worth about $31,000. UMB Bank n.a. grew its stake in Primerica by 85.9% in the third quarter. UMB Bank n.a. now owns 145 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 67 shares in the last quarter. Blue Trust Inc. grew its stake in Primerica by 45.5% in the second quarter. Blue Trust Inc. now owns 192 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 60 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Primerica in the second quarter worth about $71,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRI has been the subject of a number of research reports. TD Cowen initiated coverage on Primerica in a research note on Wednesday, October 9th. They issued a “buy” rating and a $314.00 price target for the company. Jefferies Financial Group lifted their price target on Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods raised their target price on shares of Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Piper Sandler assumed coverage on shares of Primerica in a report on Friday, August 30th. They issued a “neutral” rating and a $283.00 target price on the stock. Finally, StockNews.com cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Primerica has a consensus rating of “Hold” and an average price target of $288.33.

Insider Transactions at Primerica

In other Primerica news, Director John A. Jr. Addison sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 15,151 shares in the company, valued at $3,846,081.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Primerica news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the transaction, the president now owns 10,259 shares of the company’s stock, valued at approximately $2,678,727.49. This represents a 0.00 % 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, Director John A. Jr. Addison sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were 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 directly owns 15,151 shares in the company, valued at $3,846,081.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Primerica Trading Up 1.0 %

PRI opened at $300.62 on Tuesday. The business’s 50 day moving average is $269.64 and its 200-day moving average is $248.67. The stock has a market cap of $10.17 billion, a PE ratio of 22.97 and a beta of 1.08. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $304.84.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.81 by $0.87. The business had revenue of $774.13 million during the quarter, compared to the consensus estimate of $745.25 million. Primerica had a return on equity of 30.93% and a net margin of 14.95%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.28 earnings per share. As a group, analysts forecast that Primerica, Inc. will post 18.49 EPS for the current year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.60 annualized dividend and a dividend yield of 1.20%. Primerica’s dividend payout ratio is presently 27.50%.

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.