5,698 Shares in Primerica, Inc. $PRI Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new stake in Primerica, Inc. (NYSE:PRI) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,698 shares of the financial services provider’s stock, valued at approximately $1,619,000.

Several other institutional investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its stake in shares of Primerica by 18.1% in the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 39 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Primerica by 1.1% during the 1st quarter. Pacer Advisors Inc. now owns 3,790 shares of the financial services provider’s stock valued at $949,000 after buying an additional 40 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Primerica by 1.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,866 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 45 shares during the period. SkyView Investment Advisors LLC boosted its holdings in Primerica by 0.7% in the 4th quarter. SkyView Investment Advisors LLC now owns 6,942 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 46 shares during the period. Finally, JLB & Associates Inc. grew its stake in Primerica by 0.3% in the 4th quarter. JLB & Associates Inc. now owns 18,679 shares of the financial services provider’s stock valued at $4,826,000 after buying an additional 51 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $312.65, for a total transaction of $562,770.00. Following the completion of the transaction, the president directly owned 8,011 shares in the company, valued at $2,504,639.15. The trade was a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amber Lynne Cottle sold 279 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $313.63, for a total value of $87,502.77. Following the completion of the transaction, the director owned 3,549 shares in the company, valued at $1,113,072.87. This represents a 7.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,079 shares of company stock worth $1,551,308. Corporate insiders own 0.63% of the company’s stock.

Primerica Trading Down 0.5%

Shares of NYSE:PRI opened at $289.86 on Friday. The company has a 50 day moving average of $304.77 and a 200 day moving average of $278.97. The stock has a market cap of $8.92 billion, a P/E ratio of 11.64 and a beta of 0.87. Primerica, Inc. has a 12 month low of $230.09 and a 12 month high of $327.28.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.38. Primerica had a net margin of 23.20% and a return on equity of 32.45%. The business had revenue of $865.07 million for the quarter, compared to analysts’ expectations of $881.00 million. During the same period in the prior year, the company posted $5.46 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that Primerica, Inc. will post 25.09 earnings per share for the current fiscal year.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 21st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Primerica’s dividend payout ratio is presently 19.28%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PRI shares. Jefferies Financial Group boosted their target price on shares of Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a report on Friday, July 10th. Weiss Ratings lowered Primerica from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Morgan Stanley lifted their price target on Primerica from $291.00 to $316.00 and gave the company an “equal weight” rating in a research report on Monday, August 24th. Truist Financial reiterated a “hold” rating and set a $320.00 price objective (down from $370.00) on shares of Primerica in a research note on Thursday. Finally, TD Cowen increased their price objective on Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $315.57.

Primerica Company Profile

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.