FJ Capital Management LLC Buys Shares of 1,981 Primerica, Inc. (NYSE:PRI)

FJ Capital Management LLC acquired a new stake in shares of Primerica, Inc. (NYSE:PRI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,981 shares of the financial services provider’s stock, valued at approximately $538,000.

Other large investors have also recently made changes to their positions in the company. Mariner LLC increased its holdings in shares of Primerica by 1.4% during the fourth quarter. Mariner LLC now owns 2,611 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 36 shares in the last quarter. Dana Investment Advisors Inc. lifted its position in shares of Primerica by 1.2% during the 4th quarter. Dana Investment Advisors Inc. now owns 3,729 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 45 shares during the last quarter. CIBC Asset Management Inc increased its stake in Primerica by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 1,108 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 54 shares during the period. Assetmark Inc. grew its holdings in Primerica by 3.9% during the fourth quarter. Assetmark Inc. now owns 1,518 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 57 shares during the period. Finally, Everhart Financial Group Inc. grew its position in shares of Primerica by 2.5% in the fourth quarter. Everhart Financial Group Inc. now owns 2,676 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 65 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Primerica Trading Up 2.1 %

Shares of PRI stock opened at $272.29 on Friday. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 19.80 and a beta of 1.02. The company’s 50-day moving average price is $270.02 and its 200-day moving average price is $280.21. Primerica, Inc. has a twelve month low of $217.56 and a twelve month high of $307.91.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, topping the consensus estimate of $4.77 by $0.25. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The company had revenue of $803.56 million for the quarter, compared to analyst estimates of $783.54 million. During the same quarter in the previous year, the company posted $3.91 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, May 22nd. Primerica’s dividend payout ratio is presently 30.25%.

Insider Buying and Selling at Primerica

In related news, insider Nicholas Adam Jendusa sold 234 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total transaction of $65,555.10. Following the transaction, the insider now owns 200 shares of the company’s stock, valued at approximately $56,030. The trade was a 53.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total value of $565,800.00. Following the transaction, the president now directly owns 13,301 shares in the company, valued at $3,762,852.90. This trade represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,234 shares of company stock valued at $1,476,575 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PRI shares. Morgan Stanley cut their target price on Primerica from $313.00 to $304.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. StockNews.com downgraded shares of Primerica from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their price objective on Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 9th. Finally, BMO Capital Markets started coverage on Primerica in a report on Thursday, January 23rd. They set a “market perform” rating and a $311.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Primerica presently has an average rating of “Hold” and a consensus price target of $309.14.

Primerica Company 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.