Primerica, Inc. (NYSE:PRI) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its stake in Primerica, Inc. (NYSE:PRI) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,070 shares of the financial services provider’s stock after selling 73 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Primerica were worth $1,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PRI. Golden State Wealth Management LLC acquired a new position in Primerica in the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its stake in shares of Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider’s stock valued at $34,000 after buying an additional 71 shares during the period. Venturi Wealth Management LLC boosted its position in Primerica by 116.2% during the fourth quarter. Venturi Wealth Management LLC now owns 214 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 115 shares during the last quarter. UMB Bank n.a. boosted its position in Primerica by 65.5% during the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 95 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Primerica by 27.3% in the 4th quarter. Allworth Financial LP now owns 331 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 71 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Primerica news, President Peter W. Schneider sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $282.90, for a total value of $565,800.00. Following the completion of the sale, the president now owns 13,301 shares of the company’s stock, valued at $3,762,852.90. This trade represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Adam Jendusa sold 234 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $56,030. The trade was a 53.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,234 shares of company stock worth $1,476,575. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PRI. Keefe, Bruyette & Woods raised their price objective on Primerica from $315.00 to $320.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Morgan Stanley decreased their price target on Primerica from $313.00 to $304.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. BMO Capital Markets initiated coverage on shares of Primerica in a research note on Thursday, January 23rd. They set a “market perform” rating and a $311.00 price objective for the company. StockNews.com cut shares of Primerica from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Piper Sandler dropped their price target on shares of Primerica from $313.00 to $300.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $309.86.

Primerica Stock Performance

PRI opened at $248.16 on Friday. Primerica, Inc. has a 1 year low of $184.76 and a 1 year high of $307.91. The firm has a 50 day moving average price of $284.91 and a 200 day moving average price of $282.38. The company has a market cap of $8.25 billion, a PE ratio of 18.05 and a beta of 1.12.

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

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were given a $1.04 dividend. This is an increase from Primerica’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, February 21st. This represents a $4.16 annualized dividend and a dividend yield of 1.68%. Primerica’s dividend payout ratio is presently 30.25%.

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.