Dimensional Fund Advisors LP Purchases 22,486 Shares of Primerica, Inc. (NYSE:PRI)

Dimensional Fund Advisors LP grew its position in Primerica, Inc. (NYSE:PRI – Get Rating) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 812,200 shares of the financial services provider’s stock after acquiring an additional 22,486 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Primerica were worth $115,184,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Eaton Vance Management increased its stake in Primerica by 0.3% in the 3rd quarter. Eaton Vance Management now owns 24,502 shares of the financial services provider’s stock worth $3,025,000 after acquiring an additional 74 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Primerica by 3.2% during the 3rd quarter. Captrust Financial Advisors now owns 2,760 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 86 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of Primerica by 0.4% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 23,491 shares of the financial services provider’s stock valued at $3,332,000 after purchasing an additional 97 shares during the last quarter. Covestor Ltd increased its position in shares of Primerica by 74.7% during the 1st quarter. Covestor Ltd now owns 255 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 109 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Primerica by 1.1% during the 4th quarter. Arizona State Retirement System now owns 10,569 shares of the financial services provider’s stock valued at $1,499,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Activity at Primerica

In other news, President Peter W. Schneider sold 3,500 shares of Primerica stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $175.47, for a total transaction of $614,145.00. Following the completion of the transaction, the president now directly owns 12,252 shares of the company’s stock, valued at approximately $2,149,858.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Primerica news, President Peter W. Schneider sold 3,500 shares of Primerica stock in a transaction on Friday, February 24th. The shares were sold at an average price of $175.47, for a total transaction of $614,145.00. Following the sale, the president now owns 12,252 shares of the company’s stock, valued at approximately $2,149,858.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Alison S. Rand sold 9,800 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $185.66, for a total transaction of $1,819,468.00. Following the transaction, the chief financial officer now directly owns 13,944 shares in the company, valued at approximately $2,588,843.04. The disclosure for this sale can be found here. Insiders have sold 39,168 shares of company stock valued at $7,238,391 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PRI shares. Morgan Stanley boosted their target price on Primerica from $150.00 to $162.00 and gave the company an “equal weight” rating in a research report on Friday, February 24th. Keefe, Bruyette & Woods boosted their target price on Primerica from $167.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, March 1st. StockNews.com raised Primerica from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Truist Financial boosted their target price on Primerica from $210.00 to $220.00 in a research report on Thursday, May 11th. Finally, Raymond James started coverage on Primerica in a report on Wednesday, April 12th. They set a “strong-buy” rating and a $244.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $205.25.

Primerica Stock Down 1.2 %

PRI opened at $183.81 on Friday. The business has a fifty day moving average of $174.05 and a 200 day moving average of $160.45. Primerica, Inc. has a 52-week low of $110.22 and a 52-week high of $195.69. The stock has a market cap of $6.66 billion, a P/E ratio of 16.59 and a beta of 1.18.

Primerica (NYSE:PRI – Get Rating) last issued its earnings results on Monday, May 8th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.04. Primerica had a return on equity of 27.48% and a net margin of 15.33%. The business had revenue of $690.04 million during the quarter, compared to analysts’ expectations of $697.61 million. During the same period in the prior year, the business earned $2.11 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts anticipate that Primerica, Inc. will post 15.24 EPS for the current fiscal year.

Primerica Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 22nd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 19th. Primerica’s dividend payout ratio is currently 23.47%.

Primerica Profile

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Primerica, Inc engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, Senior Health, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies.