Cwm LLC Sells 4,335 Shares of Primerica, Inc. $PRI

Cwm LLC trimmed its stake in Primerica, Inc. (NYSE:PRI) by 65.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,253 shares of the financial services provider’s stock after selling 4,335 shares during the quarter. Cwm LLC’s holdings in Primerica were worth $582,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC bought a new position in Primerica in the 3rd quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its position in Primerica by 186.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock worth $29,000 after buying an additional 69 shares during the period. V Square Quantitative Management LLC bought a new position in Primerica in the 4th quarter worth approximately $30,000. Quent Capital LLC bought a new position in Primerica in the 3rd quarter worth approximately $33,000. Finally, Hantz Financial Services Inc. increased its position in Primerica by 620.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 216 shares of the financial services provider’s stock worth $60,000 after buying an additional 186 shares during the period. 90.88% of the stock is owned by institutional investors.

Insider Activity at Primerica

In other news, President Peter W. Schneider sold 1,800 shares of Primerica stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $252.38, for a total transaction of $454,284.00. Following the sale, the president owned 11,611 shares of the company’s stock, valued at approximately $2,930,384.18. This trade represents a 13.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 2,500 shares of Primerica stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $256.41, for a total value of $641,025.00. Following the sale, the chief executive officer directly owned 27,392 shares in the company, valued at $7,023,582.72. The trade was a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Primerica Trading Up 0.5%

Shares of NYSE:PRI opened at $281.07 on Friday. Primerica, Inc. has a 1-year low of $230.09 and a 1-year high of $288.03. The firm has a market capitalization of $8.90 billion, a PE ratio of 12.26 and a beta of 0.90. The business’s 50 day moving average is $260.45 and its 200-day moving average is $260.17.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.69 by $0.44. Primerica had a return on equity of 32.30% and a net margin of 22.82%.The company had revenue of $853.51 million for the quarter, compared to analyst estimates of $839.65 million. During the same quarter last year, the firm earned $5.03 EPS. Primerica’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that Primerica, Inc. will post 23.84 EPS for the current year.

Primerica Increases Dividend

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

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.