Blue Square Asset Management LLC Makes New $231,000 Investment in Primerica, Inc. (NYSE:PRI)

Blue Square Asset Management LLC purchased a new position in Primerica, Inc. (NYSE:PRI) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 913 shares of the financial services provider’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRI. Lazard Asset Management LLC boosted its stake in shares of Primerica by 74.3% during the 3rd quarter. Lazard Asset Management LLC now owns 3,188 shares of the financial services provider’s stock valued at $618,000 after buying an additional 1,359 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Primerica by 61.4% during the 3rd quarter. AQR Capital Management LLC now owns 22,123 shares of the financial services provider’s stock valued at $4,292,000 after buying an additional 8,412 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Primerica by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 68,243 shares of the financial services provider’s stock valued at $13,240,000 after buying an additional 6,274 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Primerica by 22.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,648 shares of the financial services provider’s stock valued at $514,000 after buying an additional 490 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Primerica by 89.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,640 shares of the financial services provider’s stock valued at $2,452,000 after buying an additional 5,979 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Primerica from $245.00 to $243.00 and set an “equal weight” rating on the stock in a research report on Wednesday. StockNews.com lowered Primerica from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods increased their target price on Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group increased their target price on Primerica from $235.00 to $236.00 and gave the stock a “hold” rating in a research report on Friday, June 28th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $253.50.

Primerica Stock Performance

Shares of NYSE:PRI traded up $3.16 during midday trading on Thursday, reaching $238.30. The company had a trading volume of 100,672 shares, compared to its average volume of 171,023. Primerica, Inc. has a 1-year low of $184.76 and a 1-year high of $256.56. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 14.48 and a beta of 1.09. The company has a fifty day simple moving average of $228.25 and a two-hundred day simple moving average of $230.86.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $3.91 EPS for the quarter, missing analysts’ consensus estimates of $4.12 by ($0.21). Primerica had a return on equity of 27.35% and a net margin of 20.44%. The business had revenue of $742.83 million for the quarter, compared to analyst estimates of $740.57 million. During the same quarter in the previous year, the business posted $3.49 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Analysts expect 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. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Monday, May 20th. Primerica’s dividend payout ratio (DPR) is presently 18.26%.

Insider Transactions at Primerica

In other news, President Peter W. Schneider sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was 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 directly owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Peter W. Schneider sold 1,500 shares of the firm’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 value of $341,160.00. Following the transaction, the president now directly owns 11,759 shares of the company’s stock, valued at approximately $2,674,466.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $222.76, for a total value 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 $10,764,208.72. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Primerica Profile

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.