Entropy Technologies LP Acquires 1,669 Shares of Primerica, Inc. $PRI

Entropy Technologies LP grew its holdings in Primerica, Inc. (NYSE:PRI) by 87.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,583 shares of the financial services provider’s stock after acquiring an additional 1,669 shares during the period. Entropy Technologies LP’s holdings in Primerica were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PRI. V Square Quantitative Management LLC purchased a new stake in shares of Primerica during the fourth quarter worth about $30,000. SJS Investment Consulting Inc. lifted its holdings in Primerica by 176.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Primerica by 52.6% in the 1st quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Primerica by 68.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 73 shares during the period. Finally, Torren Management LLC bought a new position in Primerica in the 4th quarter worth approximately $50,000. Institutional investors own 90.88% of the company’s stock.

Primerica Trading Up 2.5%

Shares of Primerica stock opened at $322.56 on Wednesday. The firm has a market cap of $10.06 billion, a PE ratio of 13.52 and a beta of 0.88. The stock has a 50 day moving average of $288.29 and a 200 day moving average of $271.63. Primerica, Inc. has a 12 month low of $230.09 and a 12 month high of $323.45.

Primerica (NYSE:PRI) last released its quarterly earnings data 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. The business had revenue of $872.30 million for the quarter, compared to the consensus estimate of $855.36 million. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.02 EPS. As a group, equities research analysts forecast that Primerica, Inc. will post 24.6 earnings per share for the current fiscal year.

Primerica Dividend Announcement

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

Analyst Upgrades and Downgrades

PRI has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upped their target price on shares of Primerica from $305.00 to $323.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Primerica from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. TD Cowen lifted their price target on shares of Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group lifted 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. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Primerica has an average rating of “Hold” and an average price target of $308.67.

Insiders Place Their Bets

In related news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction 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 sale, the president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 on Friday, June 12th. The stock was sold at an average price of $280.49, for a total transaction of $420,735.00. Following the completion of the sale, the chief executive officer owned 33,696 shares in the company, valued at $9,451,391.04. This represents a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.63% of the company’s stock.

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.