XTX Topco Ltd Sells 630 Shares of Primerica, Inc. (NYSE:PRI)

XTX Topco Ltd decreased its holdings in Primerica, Inc. (NYSE:PRI) by 44.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 801 shares of the financial services provider’s stock after selling 630 shares during the quarter. XTX Topco Ltd’s holdings in Primerica were worth $228,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new position in shares of Primerica in the fourth quarter valued at about $25,000. True Wealth Design LLC acquired a new stake in Primerica in the 4th quarter worth about $27,000. Golden State Wealth Management LLC boosted its stake in shares of Primerica by 105.7% in the first quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 130 shares during the last quarter. Bessemer Group Inc. boosted its position in Primerica by 182.2% during the fourth quarter. Bessemer Group Inc. now owns 254 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 164 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Primerica by 26.9% during the first quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $87,000 after buying an additional 65 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Primerica Price Performance

Shares of PRI stock opened at $264.24 on Wednesday. Primerica, Inc. has a 1-year low of $230.98 and a 1-year high of $307.91. The firm has a market capitalization of $8.56 billion, a PE ratio of 13.06 and a beta of 0.99. The business’s fifty day moving average price is $265.32 and its 200 day moving average price is $271.60.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $5.46 earnings per share for the quarter, topping analysts’ consensus estimates of $5.18 by $0.28. The business had revenue of $796.02 million for the quarter, compared to analysts’ expectations of $790.99 million. Primerica had a return on equity of 32.42% and a net margin of 21.48%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.71 EPS. Equities research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 22nd will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.6%. Primerica’s dividend payout ratio (DPR) is presently 20.55%.

Analyst Ratings Changes

Several equities analysts have weighed in on PRI shares. Morgan Stanley boosted their target price 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. Jefferies Financial Group reduced their price objective on shares of Primerica from $293.00 to $283.00 and set a “hold” rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on Primerica from $315.00 to $320.00 and gave the stock a “market perform” rating in a research report on Monday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $313.57.

Insider Activity at Primerica

In related news, CEO Glenn J. Williams sold 2,500 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total transaction of $655,500.00. Following the sale, the chief executive officer owned 36,392 shares of the company’s stock, valued at $9,541,982.40. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

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.