Jefferies Financial Group Inc. Acquires Shares of 8,861 Primerica, Inc. $PRI

Jefferies Financial Group Inc. acquired a new stake in Primerica, Inc. (NYSE:PRI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,861 shares of the financial services provider’s stock, valued at approximately $2,289,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vista Investment Partners II LLC bought a new position in Primerica in the fourth quarter valued at approximately $1,685,000. First Trust Advisors LP boosted its stake in Primerica by 12.4% in the third quarter. First Trust Advisors LP now owns 492,083 shares of the financial services provider’s stock valued at $136,597,000 after acquiring an additional 54,158 shares during the last quarter. M&T Bank Corp boosted its stake in Primerica by 1,155.8% in the fourth quarter. M&T Bank Corp now owns 32,137 shares of the financial services provider’s stock valued at $8,303,000 after acquiring an additional 29,578 shares during the last quarter. Prana Capital Management LP boosted its stake in Primerica by 22.8% in the third quarter. Prana Capital Management LP now owns 66,916 shares of the financial services provider’s stock valued at $18,575,000 after acquiring an additional 12,432 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its stake in Primerica by 168.6% in the fourth quarter. Moran Wealth Management LLC now owns 20,522 shares of the financial services provider’s stock valued at $5,302,000 after acquiring an additional 12,881 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity at Primerica

In related news, President Peter W. Schneider sold 1,800 shares of the firm’s stock in a transaction 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 sale, the president directly owned 9,811 shares in the company, valued at $2,743,548.04. This trade represents a 15.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by insiders.

Primerica Stock Down 0.4%

Shares of NYSE PRI opened at $278.50 on Wednesday. The company’s fifty day moving average is $266.89 and its 200-day moving average is $261.58. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 11.68 and a beta of 0.91. Primerica, Inc. has a twelve month low of $230.09 and a twelve month high of $288.03.

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

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, May 21st. Primerica’s dividend payout ratio (DPR) is presently 20.13%.

Analyst Upgrades and Downgrades

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