Wealth Enhancement Advisory Services LLC Sells 760 Shares of Primerica, Inc. (NYSE:PRI)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Primerica, Inc. (NYSE:PRI) by 20.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,031 shares of the financial services provider’s stock after selling 760 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Primerica were worth $804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC bought a new position in shares of Primerica during the 3rd quarter worth $215,000. Ausbil Investment Management Ltd bought a new position in shares of Primerica during the 3rd quarter worth $665,000. Impact Partnership Wealth LLC purchased a new stake in shares of Primerica during the 3rd quarter worth $211,000. International Assets Investment Management LLC lifted its stake in shares of Primerica by 359,742.9% during the 3rd quarter. International Assets Investment Management LLC now owns 25,189 shares of the financial services provider’s stock worth $6,679,000 after purchasing an additional 25,182 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Primerica during the 3rd quarter worth $929,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PRI shares. StockNews.com cut Primerica from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial upped their price objective on Primerica from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Piper Sandler started coverage on Primerica in a research note on Friday, August 30th. They set a “neutral” rating and a $283.00 price objective for the company. Jefferies Financial Group upped their price objective on Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, TD Cowen initiated coverage on Primerica in a research note on Wednesday, October 9th. They set a “buy” rating and a $314.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $281.67.

Insider Transactions at Primerica

In other news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $252.55, for a total value of $757,650.00. Following the completion of the transaction, the chief executive officer now directly owns 45,322 shares in the company, valued at $11,446,071.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director John A. Jr. Addison sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $253.85, for a total transaction of $507,700.00. Following the sale, the director now directly owns 15,151 shares of the company’s stock, valued at $3,846,081.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $252.55, for a total value of $757,650.00. Following the sale, the chief executive officer now directly owns 45,322 shares in the company, valued at approximately $11,446,071.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock worth $1,657,015 over the last three months. 0.61% of the stock is currently owned by insiders.

Primerica Stock Performance

Primerica stock opened at $290.94 on Thursday. Primerica, Inc. has a one year low of $184.76 and a one year high of $295.67. The stock has a market cap of $9.84 billion, a PE ratio of 23.29 and a beta of 1.08. The stock has a 50-day moving average of $268.36 and a two-hundred day moving average of $247.42.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.24. Primerica had a return on equity of 27.81% and a net margin of 14.85%. The firm had revenue of $803.38 million during the quarter, compared to analysts’ expectations of $748.88 million. During the same period last year, the business posted $3.99 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, sell-side analysts predict that Primerica, Inc. will post 18.13 EPS for the current fiscal year.

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.