Leeward Investments LLC MA Lowers Stock Holdings in Primerica, Inc. (NYSE:PRI)

Leeward Investments LLC MA reduced its holdings in Primerica, Inc. (NYSE:PRI) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,318 shares of the financial services provider’s stock after selling 5,432 shares during the quarter. Primerica makes up 1.1% of Leeward Investments LLC MA’s portfolio, making the stock its 19th biggest holding. Leeward Investments LLC MA’s holdings in Primerica were worth $25,123,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Lyrical Asset Management LP grew its holdings in Primerica by 1.5% in the 4th quarter. Lyrical Asset Management LP now owns 663,783 shares of the financial services provider’s stock valued at $136,580,000 after buying an additional 9,923 shares during the period. Westfield Capital Management Co. LP raised its stake in Primerica by 4.2% during the fourth quarter. Westfield Capital Management Co. LP now owns 229,084 shares of the financial services provider’s stock worth $47,136,000 after purchasing an additional 9,198 shares during the period. Norges Bank acquired a new position in shares of Primerica in the 4th quarter valued at $31,194,000. Los Angeles Capital Management LLC grew its stake in shares of Primerica by 47.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 125,585 shares of the financial services provider’s stock valued at $25,840,000 after buying an additional 40,647 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Primerica by 13.6% during the 4th quarter. Schroder Investment Management Group now owns 124,155 shares of the financial services provider’s stock worth $25,546,000 after buying an additional 14,904 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRI has been the topic of several research analyst reports. StockNews.com lowered Primerica from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Morgan Stanley boosted their price objective on shares of Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Jefferies Financial Group upped their price target on shares of Primerica from $235.00 to $236.00 and gave the stock a “hold” rating in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods increased their target price on Primerica from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Primerica has a consensus rating of “Hold” and an average price target of $255.25.

Primerica Trading Down 1.0 %

PRI stock traded down $2.26 during trading on Thursday, reaching $235.60. The stock had a trading volume of 121,350 shares, compared to its average volume of 212,897. Primerica, Inc. has a 1-year low of $184.76 and a 1-year high of $256.56. The firm has a fifty day moving average price of $226.65 and a 200 day moving average price of $229.89. The company has a market capitalization of $8.11 billion, a P/E ratio of 14.34 and a beta of 1.09.

Primerica (NYSE:PRI) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $3.91 earnings per share for the quarter, missing analysts’ consensus estimates of $4.12 by ($0.21). The company had revenue of $742.83 million for the quarter, compared to analyst estimates of $740.57 million. Primerica had a return on equity of 27.35% and a net margin of 20.44%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.49 EPS. Sell-side analysts predict that Primerica, Inc. will post 17.66 EPS for the current year.

Primerica Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st were paid a $0.75 dividend. The ex-dividend date was Monday, May 20th. This represents a $3.00 dividend on an annualized basis and a yield of 1.27%. Primerica’s dividend payout ratio (DPR) is 18.26%.

Insider Activity at Primerica

In related news, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $227.44, for a total transaction of $341,160.00. Following the sale, the president now directly owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, President Peter W. Schneider sold 1,500 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $227.44, for a total transaction of $341,160.00. Following the completion of the sale, the president now owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $222.76, for a total transaction of $668,280.00. Following the completion of the transaction, the chief executive officer now directly owns 48,322 shares in the company, valued at approximately $10,764,208.72. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

About Primerica

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.