Primerica, Inc. (NYSE:PRI) Shares Bought by JLB & Associates Inc.

JLB & Associates Inc. raised its stake in Primerica, Inc. (NYSE:PRI) by 45.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,879 shares of the financial services provider’s stock after purchasing an additional 5,908 shares during the quarter. JLB & Associates Inc.’s holdings in Primerica were worth $5,006,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PRI. ORG Partners LLC purchased a new position in Primerica in the second quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. raised its holdings in Primerica by 493.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 148 shares during the last quarter. Blue Trust Inc. boosted its position in Primerica by 45.5% during 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. Strategic Financial Concepts LLC acquired a new stake in Primerica in the second quarter valued at $71,000. Finally, O Dell Group LLC purchased a new position in shares of Primerica in the fourth quarter valued at $153,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the transaction, the chief executive officer now directly owns 45,322 shares of the company’s stock, valued at $11,446,071.10. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director John A. Jr. Addison sold 2,000 shares of the company’s stock in a transaction dated 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 owns 15,151 shares of the company’s stock, valued at $3,846,081.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $252.55, for a total value of $757,650.00. Following the sale, the chief executive officer now owns 45,322 shares in the company, valued at $11,446,071.10. The disclosure for this sale can be found here. Insiders sold 6,500 shares of company stock worth $1,657,015 over the last three months. 0.85% of the stock is owned by insiders.

Primerica Trading Up 0.2 %

Shares of NYSE:PRI opened at $266.16 on Thursday. Primerica, Inc. has a 12-month low of $184.76 and a 12-month high of $268.37. The stock’s 50-day moving average price is $256.70 and its two-hundred day moving average price is $240.96. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 16.20 and a beta of 1.09.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.24. The firm had revenue of $803.38 million during the quarter, compared to the consensus estimate of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. Primerica’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.99 earnings per share. As a group, research analysts forecast that Primerica, Inc. will post 18.03 earnings per share for the current fiscal year.

Primerica Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were issued a $0.90 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.60 dividend on an annualized basis and a yield of 1.35%. This is a boost from Primerica’s previous quarterly dividend of $0.75. Primerica’s dividend payout ratio (DPR) is presently 21.91%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PRI. Keefe, Bruyette & Woods boosted their price objective on shares of Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Piper Sandler started coverage on shares of Primerica in a research note on Friday, August 30th. They set a “neutral” rating and a $283.00 price objective for the company. Truist Financial increased their target price on Primerica from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 9th. StockNews.com raised Primerica from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group lifted their price objective on Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Primerica has a consensus rating of “Hold” and a consensus target price of $275.20.

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.