Primerica, Inc. $PRI Shares Bought by denkapparat Operations GmbH

denkapparat Operations GmbH raised its holdings in shares of Primerica, Inc. (NYSE:PRI) by 245.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,874 shares of the financial services provider’s stock after buying an additional 2,042 shares during the quarter. denkapparat Operations GmbH’s holdings in Primerica were worth $817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PRI. C M Bidwell & Associates Ltd. purchased a new stake in Primerica during the 2nd quarter valued at about $29,000. SJS Investment Consulting Inc. boosted its holdings in shares of Primerica by 176.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Primerica by 52.6% during the 1st quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Primerica by 68.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Finally, Steph & Co. grew its position in shares of Primerica by 38.0% in the first quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 54 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Primerica Stock Performance

PRI opened at $298.62 on Friday. The stock has a market capitalization of $9.19 billion, a PE ratio of 11.99 and a beta of 0.86. Primerica, Inc. has a one year low of $230.09 and a one year high of $327.28. The business’s 50 day moving average price is $305.63 and its 200 day moving average price is $280.09.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.38. Primerica had a return on equity of 32.45% and a net margin of 23.20%.The company had revenue of $865.07 million for the quarter, compared to the consensus estimate of $881.00 million. During the same quarter in the previous year, the business earned $5.46 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Primerica, Inc. will post 25.2 earnings per share for the current fiscal year.

Primerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 21st. Primerica’s payout ratio is 19.28%.

Insider Activity at Primerica

In other Primerica news, President Peter Schneider sold 1,800 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $312.65, for a total value of $562,770.00. Following the transaction, the president owned 8,011 shares of the company’s stock, valued at $2,504,639.15. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn Williams sold 1,500 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $320.20, for a total transaction of $480,300.00. Following the transaction, the chief executive officer directly owned 32,196 shares of the company’s stock, valued at approximately $10,309,159.20. This trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,079 shares of company stock worth $1,551,308. Company insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PRI. Keefe, Bruyette & Woods lifted their price objective on Primerica from $323.00 to $335.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. TD Cowen upped their target price on Primerica from $322.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Truist Financial reaffirmed a “hold” rating and issued a $320.00 target price (down from $370.00) on shares of Primerica in a research note on Thursday, August 27th. Morgan Stanley lifted their price target on Primerica from $291.00 to $316.00 and gave the stock an “equal weight” rating in a report on Monday, August 24th. Finally, Weiss Ratings lowered shares of Primerica from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Primerica presently has a consensus rating of “Hold” and an average price target of $315.57.

Primerica 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.