Sanctuary Advisors LLC Has $703,000 Position in Primerica, Inc. $PRI

Sanctuary Advisors LLC lessened its holdings in shares of Primerica, Inc. (NYSE:PRI) by 43.0% in the first quarter, HoldingsChannel.com reports. The firm owned 2,808 shares of the financial services provider’s stock after selling 2,115 shares during the period. Sanctuary Advisors LLC’s holdings in Primerica were worth $703,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bank of Montreal Can raised its holdings in Primerica by 5,277.5% during the fourth quarter. Bank of Montreal Can now owns 1,311,634 shares of the financial services provider’s stock worth $338,874,000 after buying an additional 1,287,243 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Primerica by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 793,389 shares of the financial services provider’s stock valued at $205,011,000 after buying an additional 37,014 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Primerica by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,950 shares of the financial services provider’s stock worth $166,119,000 after acquiring an additional 29,621 shares in the last quarter. First Trust Advisors LP increased its position in shares of Primerica by 2.7% during the fourth quarter. First Trust Advisors LP now owns 505,357 shares of the financial services provider’s stock worth $130,564,000 after acquiring an additional 13,274 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Primerica by 200.3% in the 4th quarter. Invesco Ltd. now owns 357,696 shares of the financial services provider’s stock worth $92,414,000 after acquiring an additional 238,571 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PRI shares. Weiss Ratings raised shares of Primerica from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Keefe, Bruyette & Woods increased their price objective on Primerica from $305.00 to $323.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Morgan Stanley increased their price objective on 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 raised their target price on Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Primerica presently has a consensus rating of “Hold” and a consensus target price of $308.67.

Insider Activity

In other news, CEO Glenn J. Williams sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $280.49, for a total value of $420,735.00. Following the transaction, the chief executive officer owned 33,696 shares in the company, valued at $9,451,391.04. The trade was a 4.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $279.64, for a total value of $503,352.00. Following the completion of the transaction, the president owned 9,811 shares in the company, valued at $2,743,548.04. The trade was a 15.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.63% of the company’s stock.

Primerica Price Performance

NYSE PRI opened at $314.13 on Monday. Primerica, Inc. has a 1 year low of $230.09 and a 1 year high of $317.69. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 13.17 and a beta of 0.88. The company has a fifty day moving average price of $286.72 and a 200-day moving average price of $270.80.

Primerica (NYSE:PRI) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $855.36 million. During the same quarter in the prior year, the company posted $5.02 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Primerica, Inc. will post 24.6 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 21st. Primerica’s dividend payout ratio is presently 20.13%.

Primerica Profile

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.