Quantbot Technologies LP Has $325,000 Stock Holdings in Primerica, Inc. (NYSE:PRI)

Quantbot Technologies LP lowered its position in Primerica, Inc. (NYSE:PRI) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,197 shares of the financial services provider’s stock after selling 408 shares during the quarter. Quantbot Technologies LP’s holdings in Primerica were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Primerica by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 696,839 shares of the financial services provider’s stock worth $184,807,000 after acquiring an additional 25,951 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Primerica in the fourth quarter worth $34,191,000. Los Angeles Capital Management LLC increased its holdings in Primerica by 10.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider’s stock valued at $32,573,000 after purchasing an additional 11,612 shares during the period. Stifel Financial Corp raised its position in Primerica by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 63,984 shares of the financial services provider’s stock worth $16,965,000 after purchasing an additional 333 shares during the last quarter. Finally, Running Oak Capital LLC lifted its holdings in Primerica by 3.7% during the 4th quarter. Running Oak Capital LLC now owns 53,644 shares of the financial services provider’s stock worth $14,560,000 after buying an additional 1,919 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

PRI has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on Primerica from $315.00 to $320.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. BMO Capital Markets began coverage on shares of Primerica in a report on Thursday, January 23rd. They set a “market perform” rating and a $311.00 price target for the company. StockNews.com lowered shares of Primerica from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Morgan Stanley lowered their target price on shares of Primerica from $313.00 to $304.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Finally, Piper Sandler cut their price target on shares of Primerica from $313.00 to $300.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $309.86.

Insider Transactions at Primerica

In related news, insider Nicholas Adam Jendusa sold 234 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total value of $65,555.10. Following the sale, the insider now owns 200 shares in the company, valued at $56,030. This represents a 53.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $281.74, for a total value of $845,220.00. Following the transaction, the chief executive officer now owns 33,322 shares of the company’s stock, valued at $9,388,140.28. This trade represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,234 shares of company stock valued at $1,476,575 over the last ninety days. 0.85% of the stock is owned by company insiders.

Primerica Stock Down 2.3 %

Shares of NYSE PRI opened at $283.34 on Friday. Primerica, Inc. has a 12-month low of $184.76 and a 12-month high of $307.91. The firm has a market cap of $9.42 billion, a PE ratio of 20.61 and a beta of 1.12. The company’s fifty day simple moving average is $286.37 and its 200 day simple moving average is $281.55.

Primerica (NYSE:PRI) last issued its earnings results on Tuesday, February 11th. The financial services provider reported $5.03 EPS for the quarter, beating the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. On average, equities analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a dividend of $1.04 per share. This is an increase from Primerica’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, February 21st. This represents a $4.16 annualized dividend and a dividend yield of 1.47%. Primerica’s payout ratio is currently 30.25%.

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.