Caxton Associates LLP Has $2.12 Million Holdings in Primerica, Inc. $PRI

Caxton Associates LLP raised its holdings in Primerica, Inc. (NYSE:PRIFree Report) by 23.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,472 shares of the financial services provider’s stock after purchasing an additional 1,632 shares during the quarter. Caxton Associates LLP’s holdings in Primerica were worth $2,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vista Investment Partners II LLC acquired a new position in shares of Primerica in the fourth quarter valued at $1,685,000. M&T Bank Corp lifted its stake in shares of Primerica by 1,155.8% during the 4th quarter. M&T Bank Corp now owns 32,137 shares of the financial services provider’s stock worth $8,303,000 after buying an additional 29,578 shares during the last quarter. Moran Wealth Management LLC lifted its stake in shares of Primerica by 168.6% during the 4th quarter. Moran Wealth Management LLC now owns 20,522 shares of the financial services provider’s stock worth $5,302,000 after buying an additional 12,881 shares during the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Primerica during the 4th quarter worth about $23,767,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Primerica during the 4th quarter worth about $2,289,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PRI. Jefferies Financial Group increased their price target on shares of Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a report on Friday, July 10th. TD Cowen boosted their price objective on Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their target price on Primerica from $305.00 to $323.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Weiss Ratings upgraded Primerica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Finally, Morgan Stanley lifted their price target on Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $308.67.

Check Out Our Latest Report on PRI

Insider Buying and Selling

In other news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $279.64, for a total value of $503,352.00. Following the completion of the sale, the president directly owned 9,811 shares in the company, valued at approximately $2,743,548.04. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn J. Williams sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $280.49, for a total value of $420,735.00. Following the completion of the sale, the chief executive officer owned 33,696 shares of the company’s stock, valued at approximately $9,451,391.04. This trade represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by insiders.

Primerica Stock Performance

PRI stock opened at $314.13 on Friday. Primerica, Inc. has a 52 week low of $230.09 and a 52 week high of $317.69. The company has a market capitalization of $9.79 billion, a PE ratio of 13.17 and a beta of 0.88. The company’s 50-day simple moving average is $286.72 and its 200 day simple moving average is $270.74.

Primerica (NYSE:PRIGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.45 by $0.51. The business had revenue of $872.30 million during the quarter, compared to analysts’ expectations of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.02 EPS. On average, analysts forecast that Primerica, Inc. will post 24.6 EPS for the current year.

Primerica Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. Primerica’s dividend payout ratio (DPR) is currently 20.13%.

Primerica Company Profile

(Free Report)

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.

See Also

Want to see what other hedge funds are holding PRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Primerica, Inc. (NYSE:PRIFree Report).

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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