KBC Group NV Purchases 76 Shares of Primerica, Inc. (NYSE:PRI)

KBC Group NV raised its stake in shares of Primerica, Inc. (NYSE:PRI) by 5.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,405 shares of the financial services provider’s stock after acquiring an additional 76 shares during the period. KBC Group NV’s holdings in Primerica were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PRI. Mariner LLC boosted its holdings in shares of Primerica by 1.4% during the 4th quarter. Mariner LLC now owns 2,611 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 36 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Primerica by 1.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,095 shares of the financial services provider’s stock valued at $881,000 after acquiring an additional 44 shares during the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Primerica by 1.2% during the 4th quarter. Dana Investment Advisors Inc. now owns 3,729 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 45 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Primerica by 3.9% during the 4th quarter. Assetmark Inc. now owns 1,518 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 57 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Primerica by 26.9% during the 1st quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PRI. Morgan Stanley raised their price target on shares of Primerica from $274.00 to $296.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Keefe, Bruyette & Woods dropped their price target on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $308.00.

Primerica Trading Up 0.9%

PRI opened at $277.24 on Friday. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 18.64 and a beta of 0.98. The company’s 50 day moving average is $267.89 and its 200 day moving average is $274.09. Primerica, Inc. has a 12-month low of $230.98 and a 12-month high of $307.91.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, topping analysts’ consensus estimates of $4.77 by $0.25. Primerica had a net margin of 15.82% and a return on equity of 32.30%. The company had revenue of $803.56 million for the quarter, compared to analysts’ expectations of $783.54 million. During the same quarter last year, the business earned $3.91 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, analysts predict that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, May 22nd. Primerica’s payout ratio is 27.98%.

Primerica Company 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.