LS Investment Advisors LLC Cuts Stake in Primerica, Inc. (PRI)

LS Investment Advisors LLC lessened its stake in shares of Primerica, Inc. (NYSE:PRI) by 20.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,914 shares of the financial services provider’s stock after selling 1,023 shares during the quarter. LS Investment Advisors LLC’s holdings in Primerica were worth $397,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of PRI. Parametrica Management Ltd acquired a new stake in shares of Primerica during the 4th quarter worth about $203,000. Magnetar Financial LLC acquired a new stake in shares of Primerica during the 3rd quarter worth about $204,000. Jane Street Group LLC acquired a new stake in shares of Primerica during the 3rd quarter worth about $215,000. Koch Industries Inc. acquired a new stake in shares of Primerica during the 2nd quarter worth about $237,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of Primerica during the 3rd quarter worth about $245,000. Institutional investors own 94.36% of the company’s stock.

PRI has been the subject of a number of research reports. Wells Fargo & Co restated a “market perform” rating and set a $100.00 target price (up previously from $95.00) on shares of Primerica in a research note on Tuesday, January 9th. SunTrust Banks raised their price target on shares of Primerica to $112.00 and gave the stock a “hold” rating in a research report on Monday, January 22nd. ValuEngine raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $95.00 price target on shares of Primerica in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered shares of Primerica from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $101.25.

Primerica, Inc. (NYSE PRI) opened at $99.50 on Friday. Primerica, Inc. has a 1 year low of $70.00 and a 1 year high of $108.05. The company has a market cap of $4,402.68, a PE ratio of 17.99, a P/E/G ratio of 1.37 and a beta of 1.14.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Primerica had a net margin of 20.74% and a return on equity of 19.47%. The business had revenue of $442.94 million for the quarter, compared to analyst estimates of $435.87 million. During the same period last year, the firm earned $1.19 earnings per share. Primerica’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities analysts predict that Primerica, Inc. will post 7.24 EPS for the current fiscal year.

Primerica declared that its board has approved a share repurchase program on Wednesday, February 7th that allows the company to buyback $225.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Thursday, February 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Primerica’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, February 14th. Primerica’s dividend payout ratio (DPR) is currently 13.07%.

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Primerica Company Profile

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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