Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Holdings in Primerica, Inc. $PRI

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Primerica, Inc. (NYSE:PRI) by 34.2% during the fourth quarter, HoldingsChannel reports. The firm owned 16,488 shares of the financial services provider’s stock after purchasing an additional 4,201 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Primerica were worth $4,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Seeds Investor LLC raised its holdings in shares of Primerica by 3.2% during the 4th quarter. Seeds Investor LLC now owns 1,374 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 42 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of Primerica by 1.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 45 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Primerica by 6.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 757 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 47 shares during the period. Ascent Group LLC raised its holdings in shares of Primerica by 6.5% during the 3rd quarter. Ascent Group LLC now owns 836 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 51 shares during the period. Finally, Vident Advisory LLC raised its holdings in shares of Primerica by 3.2% during the 2nd quarter. Vident Advisory LLC now owns 1,776 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Primerica Trading Down 0.5%

Shares of NYSE:PRI opened at $279.52 on Thursday. The business has a 50-day moving average price of $259.97 and a 200 day moving average price of $260.02. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.19 and a beta of 0.90. Primerica, Inc. has a 12-month low of $230.09 and a 12-month high of $288.03.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, February 11th. The financial services provider reported $6.13 earnings per share for the quarter, beating the consensus estimate of $5.69 by $0.44. The company had revenue of $853.51 million during the quarter, compared to the consensus estimate of $839.65 million. Primerica had a return on equity of 32.30% and a net margin of 22.82%.Primerica’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.03 EPS. As a group, equities research analysts predict that Primerica, Inc. will post 23.84 earnings per share for the current fiscal year.

Primerica Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, February 23rd were given a $1.20 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $4.80 annualized dividend and a yield of 1.7%. This is an increase from Primerica’s previous quarterly dividend of $1.04. Primerica’s dividend payout ratio is presently 20.93%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PRI. Morgan Stanley reduced their price target on Primerica from $292.00 to $285.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings raised Primerica from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $290.00 price objective on shares of Primerica in a research report on Thursday, March 26th. Zacks Research downgraded Primerica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, TD Cowen reissued a “buy” rating on shares of Primerica in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $293.60.

Insider Activity

In other Primerica news, CEO Glenn J. Williams sold 2,500 shares of Primerica stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $256.41, for a total value of $641,025.00. Following the completion of the transaction, the chief executive officer directly owned 27,392 shares of the company’s stock, valued at $7,023,582.72. The trade was a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $252.38, for a total value of $454,284.00. Following the completion of the transaction, the president directly owned 11,611 shares of the company’s stock, valued at approximately $2,930,384.18. This represents a 13.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.