PFW Advisors LLC Acquires New Holdings in Primerica, Inc. (NYSE:PRI)

PFW Advisors LLC bought a new position in shares of Primerica, Inc. (NYSE:PRI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,521 shares of the financial services provider’s stock, valued at approximately $413,000.

A number of other institutional investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in Primerica during the third quarter valued at approximately $31,000. Prospera Private Wealth LLC bought a new position in shares of Primerica during the 3rd quarter valued at $31,000. UMB Bank n.a. raised its position in Primerica by 85.9% in the 3rd 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 during the period. Larson Financial Group LLC lifted its stake in Primerica by 56.8% in the third quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 54 shares during the last quarter. Finally, Quarry LP boosted its position in Primerica by 629.2% during the third quarter. Quarry LP now owns 350 shares of the financial services provider’s stock valued at $93,000 after buying an additional 302 shares during the period. 90.88% of the stock is currently owned by institutional investors.

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, November 11th. The shares were sold at an average price of $301.27, for a total value of $903,810.00. Following the completion of the sale, the chief executive officer now owns 36,322 shares of the company’s stock, valued at approximately $10,942,728.94. The trade was a 7.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Primerica Price Performance

Primerica stock traded up $2.67 during mid-day trading on Monday, reaching $274.08. 120,435 shares of the company traded hands, compared to its average volume of 147,548. Primerica, Inc. has a 52-week low of $184.76 and a 52-week high of $307.91. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 20.94 and a beta of 1.11. The firm’s 50 day moving average price is $286.14 and its 200 day moving average price is $268.00.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, November 6th. The financial services provider reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.87. Primerica had a return on equity of 30.93% and a net margin of 14.95%. The company had revenue of $774.13 million during the quarter, compared to analysts’ expectations of $745.25 million. During the same quarter last year, the business posted $4.28 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Primerica, Inc. will post 19.32 EPS for the current year.

Primerica announced that its board has approved a share repurchase plan on Thursday, November 14th that permits the company to buyback $450.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a $0.90 dividend. The ex-dividend date was Thursday, November 21st. This represents a $3.60 annualized dividend and a yield of 1.31%. Primerica’s dividend payout ratio (DPR) is presently 27.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PRI shares. Truist Financial boosted their target price on Primerica from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com lowered Primerica from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. TD Cowen lifted their target price on shares of Primerica from $314.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler dropped their price target on shares of Primerica from $313.00 to $300.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $303.00.

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.