Cwm LLC Sells 76 Shares of Primerica, Inc. (NYSE:PRI)

Cwm LLC lowered its position in shares of Primerica, Inc. (NYSE:PRI) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,099 shares of the financial services provider’s stock after selling 76 shares during the quarter. Cwm LLC’s holdings in Primerica were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. LWM Advisory Services LLC purchased a new stake in shares of Primerica during the 3rd quarter worth approximately $26,000. ORG Partners LLC purchased a new stake in shares of Primerica during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC grew its stake in Primerica by 121.9% in the 4th quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock valued at $48,000 after buying an additional 128 shares in the last quarter. Assetmark Inc. grew its stake in Primerica by 14.2% in the 3rd quarter. Assetmark Inc. now owns 674 shares of the financial services provider’s stock valued at $131,000 after buying an additional 84 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Primerica by 144.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 803 shares of the financial services provider’s stock valued at $156,000 after buying an additional 474 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

PRI has been the subject of several recent analyst reports. StockNews.com upgraded Primerica from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Raymond James downgraded shares of Primerica from a “strong-buy” rating to a “market perform” rating in a research note on Monday, February 12th. Morgan Stanley raised their price objective on shares of Primerica from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods increased their target price on Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Finally, Truist Financial upped their price objective on Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Primerica presently has an average rating of “Hold” and a consensus price target of $245.50.

Primerica Trading Down 0.6 %

PRI opened at $217.99 on Friday. Primerica, Inc. has a 12 month low of $173.00 and a 12 month high of $256.56. The business’s 50-day moving average price is $237.59 and its 200-day moving average price is $223.02. The company has a market cap of $7.56 billion, a P/E ratio of 13.73 and a beta of 1.10.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.27 by ($0.02). Primerica had a net margin of 20.37% and a return on equity of 27.83%. The company had revenue of $726.34 million during the quarter, compared to the consensus estimate of $723.64 million. During the same quarter in the previous year, the firm posted $3.49 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts forecast that Primerica, Inc. will post 17.78 earnings per share for the current fiscal year.

Primerica Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 21st were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, February 20th. This is a positive change from Primerica’s previous quarterly dividend of $0.65. Primerica’s dividend payout ratio (DPR) is 18.89%.

Insiders Place Their Bets

In other Primerica news, COO Gregory C. Pitts sold 3,759 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $245.43, for a total value of $922,571.37. Following the sale, the chief operating officer now owns 3,379 shares of the company’s stock, valued at approximately $829,307.97. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the sale, the president now owns 13,259 shares of the company’s stock, valued at approximately $3,227,373.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregory C. Pitts sold 3,759 shares of Primerica stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $245.43, for a total transaction of $922,571.37. Following the sale, the chief operating officer now directly owns 3,379 shares in the company, valued at approximately $829,307.97. The disclosure for this sale can be found here. Insiders have sold a total of 6,708 shares of company stock valued at $1,648,677 in the last quarter. Insiders own 0.85% of the company’s stock.

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.