Intrust Bank NA Has $540,000 Stock Holdings in Primerica, Inc. (NYSE:PRI)

Intrust Bank NA cut its holdings in Primerica, Inc. (NYSE:PRI) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,899 shares of the financial services provider’s stock after selling 147 shares during the period. Intrust Bank NA’s holdings in Primerica were worth $540,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in shares of Primerica during the 1st quarter worth about $1,922,000. Westfield Capital Management Co. LP grew its position in Primerica by 15.0% during the first quarter. Westfield Capital Management Co. LP now owns 276,225 shares of the financial services provider’s stock worth $78,594,000 after buying an additional 36,095 shares in the last quarter. Argent Trust Co increased its stake in Primerica by 23.5% during the first quarter. Argent Trust Co now owns 2,216 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 421 shares during the period. PNC Financial Services Group Inc. raised its holdings in Primerica by 3.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,818 shares of the financial services provider’s stock valued at $1,655,000 after acquiring an additional 214 shares in the last quarter. Finally, Vestcor Inc raised its holdings in Primerica by 1.7% in the 1st quarter. Vestcor Inc now owns 5,196 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 87 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Primerica Trading Up 1.0%

Shares of PRI opened at $266.63 on Thursday. The stock has a market cap of $8.82 billion, a PE ratio of 17.93 and a beta of 0.99. Primerica, Inc. has a 1 year low of $230.98 and a 1 year high of $307.91. The stock has a 50 day simple moving average of $266.31 and a 200-day simple moving average of $272.69.

Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.28. Primerica had a return on equity of 32.30% and a net margin of 15.82%. The firm had revenue of $796.02 million during the quarter, compared to analyst estimates of $790.99 million. During the same period in the prior year, the company posted $4.71 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, sell-side analysts forecast that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective on Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley lifted their price target on shares of Primerica from $274.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Primerica currently has a consensus rating of “Hold” and an average target price of $317.83.

Primerica 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.