1,676 Shares in Primerica, Inc. $PRI Bought by VestGen Investment Management

VestGen Investment Management bought a new position in shares of Primerica, Inc. (NYSE:PRI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,676 shares of the financial services provider’s stock, valued at approximately $459,000.

Other institutional investors have also bought and sold shares of the company. Hilltop National Bank bought a new position in Primerica during the second quarter valued at $31,000. Cullen Frost Bankers Inc. bought a new position in Primerica during the second quarter valued at $33,000. AdvisorNet Financial Inc lifted its position in Primerica by 108.5% during the second quarter. AdvisorNet Financial Inc now owns 148 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 77 shares during the last quarter. Headlands Technologies LLC lifted its position in Primerica by 2,300.0% during the first quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 161 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in Primerica during the first quarter valued at $64,000. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other Primerica news, CEO Glenn J. Williams sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.20, for a total transaction of $655,500.00. Following the transaction, the chief executive officer owned 36,392 shares of the company’s stock, valued at approximately $9,541,982.40. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

PRI has been the subject of several analyst reports. Zacks Research upgraded shares of Primerica from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Morgan Stanley lowered their target price on shares of Primerica from $308.00 to $306.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. BMO Capital Markets upgraded shares of Primerica from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $292.00 to $318.00 in a report on Tuesday, September 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Primerica in a report on Saturday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Primerica from $315.00 to $320.00 and gave the stock a “market perform” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Primerica presently has a consensus rating of “Moderate Buy” and an average price target of $314.86.

Primerica Price Performance

PRI stock opened at $264.37 on Friday. The company has a market capitalization of $8.56 billion, a PE ratio of 13.06 and a beta of 0.97. Primerica, Inc. has a 12 month low of $230.98 and a 12 month high of $307.91. The firm’s 50-day moving average is $270.51 and its 200 day moving average is $266.97.

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

Primerica Dividend Announcement

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

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.