BB&T Corp increased its holdings in Primerica, Inc. (NYSE:PRI) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,389 shares of the financial services provider’s stock after acquiring an additional 262 shares during the quarter. BB&T Corp’s holdings in Primerica were worth $558,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. TCI Wealth Advisors Inc. increased its holdings in shares of Primerica by 50.0% in the second quarter. TCI Wealth Advisors Inc. now owns 300 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Doyle Wealth Management acquired a new position in shares of Primerica during the 2nd quarter worth about $54,000. Kavar Capital Partners LLC acquired a new position in Primerica in the 2nd quarter valued at about $55,000. Advisory Services Network LLC boosted its holdings in Primerica by 74.5% in the 2nd quarter. Advisory Services Network LLC now owns 459 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 196 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Primerica in the 2nd quarter valued at about $60,000. Institutional investors and hedge funds own 89.10% of the company’s stock.
In other news, President Peter W. Schneider sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.26, for a total transaction of $357,780.00. Following the completion of the sale, the president now owns 29,790 shares of the company’s stock, valued at approximately $3,552,755.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Alison S. Rand sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $119.64, for a total transaction of $239,280.00. Following the sale, the chief financial officer now directly owns 17,337 shares of the company’s stock, valued at approximately $2,074,198.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,000 shares of company stock valued at $929,550. 0.84% of the stock is currently owned by insiders.
NYSE PRI opened at $129.71 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $5.43 billion, a P/E ratio of 17.70 and a beta of 1.36. Primerica, Inc. has a 12-month low of $90.28 and a 12-month high of $132.17. The firm has a 50-day moving average price of $125.37 and a two-hundred day moving average price of $122.33.
Primerica (NYSE:PRI) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.12. The firm had revenue of $520.60 million during the quarter, compared to the consensus estimate of $518.78 million. Primerica had a net margin of 17.66% and a return on equity of 22.77%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 EPS. Equities analysts expect that Primerica, Inc. will post 8.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, November 19th. Primerica’s dividend payout ratio is currently 18.55%.
A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Primerica from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Zacks Investment Research downgraded shares of Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.
Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.
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