Universal Beteiligungs und Servicegesellschaft mbH Invests $2.48 Million in Primerica, Inc. (NYSE:PRI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Primerica, Inc. (NYSE:PRI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,714 shares of the financial services provider’s stock, valued at approximately $2,479,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PRI. Mariner LLC boosted its holdings in shares of Primerica by 1.4% in the 4th quarter. Mariner LLC now owns 2,611 shares of the financial services provider’s stock valued at $709,000 after buying an additional 36 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Primerica by 1.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,095 shares of the financial services provider’s stock valued at $881,000 after buying an additional 44 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Primerica by 1.2% in the 1st quarter. Xponance Inc. now owns 3,945 shares of the financial services provider’s stock valued at $1,122,000 after buying an additional 47 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Primerica by 15.3% in the 1st quarter. TD Private Client Wealth LLC now owns 421 shares of the financial services provider’s stock valued at $120,000 after buying an additional 56 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Primerica by 26.9% in the 1st quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 65 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Primerica Stock Up 0.8%

PRI opened at $266.86 on Wednesday. The firm has a market capitalization of $8.83 billion, a P/E ratio of 17.95 and a beta of 0.98. The firm’s 50 day moving average is $266.91 and its 200-day moving average is $273.41. Primerica, Inc. has a 52-week low of $230.98 and a 52-week high of $307.91.

Primerica (NYSE:PRI) last released its quarterly earnings data 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. The firm had revenue of $803.56 million during the quarter, compared to the consensus estimate of $783.54 million. Primerica had a net margin of 15.82% and a return on equity of 32.30%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.91 earnings per share. Equities analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a $1.04 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $4.16 dividend on an annualized basis and a yield of 1.56%. Primerica’s dividend payout ratio is presently 27.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PRI. Keefe, Bruyette & Woods cut their price objective on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley raised their price target on shares of Primerica from $274.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $317.83.

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.