New Age Alpha Advisors LLC Sells 2,793 Shares of Primerica, Inc. $PRI

New Age Alpha Advisors LLC reduced its position in Primerica, Inc. (NYSE:PRI) by 40.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,162 shares of the financial services provider’s stock after selling 2,793 shares during the period. New Age Alpha Advisors LLC’s holdings in Primerica were worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PRI. Integrated Wealth Concepts LLC boosted its stake in Primerica by 20.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,142 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 366 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Primerica by 27.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 129,666 shares of the financial services provider’s stock worth $36,894,000 after purchasing an additional 28,129 shares in the last quarter. Empowered Funds LLC acquired a new stake in Primerica in the 1st quarter worth approximately $1,763,000. Focus Partners Wealth boosted its stake in Primerica by 17.5% in the 1st quarter. Focus Partners Wealth now owns 1,398 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 208 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Primerica by 205.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 177 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Primerica

In other Primerica news, President Peter W. Schneider sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the completion of the transaction, the president directly owned 9,811 shares of the company’s stock, valued at approximately $2,743,548.04. This trade represents a 15.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.63% of the company’s stock.

Primerica Trading Down 2.5%

PRI opened at $271.65 on Thursday. Primerica, Inc. has a 12-month low of $230.09 and a 12-month high of $288.03. The firm has a market capitalization of $8.47 billion, a PE ratio of 11.39 and a beta of 0.91. The firm has a 50 day moving average of $267.33 and a two-hundred day moving average of $261.73.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.45 by $0.51. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The company had revenue of $872.30 million during the quarter, compared to analyst estimates of $855.36 million. During the same period last year, the firm posted $5.02 EPS. Primerica’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict that Primerica, Inc. will post 24.42 EPS for the current fiscal year.

Primerica Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Primerica’s dividend payout ratio (DPR) is currently 20.13%.

Wall Street Analysts Forecast Growth

PRI has been the subject of a number of recent analyst reports. Zacks Research cut shares of Primerica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Keefe, Bruyette & Woods lifted their target price on shares of Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Primerica in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of Primerica from $280.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, TD Cowen reiterated a “buy” rating on shares of Primerica in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Primerica has an average rating of “Hold” and an average price target of $297.80.

About Primerica

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.