WINTON GROUP Ltd reduced its stake in shares of Primerica, Inc. (NYSE:PRI) by 81.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,000 shares of the financial services provider’s stock after selling 47,806 shares during the quarter. WINTON GROUP Ltd’s holdings in Primerica were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of PRI. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Primerica by 4.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,767,799 shares of the financial services provider’s stock worth $363,971,000 after buying an additional 147,816 shares during the period. Deutsche Bank AG lifted its stake in shares of Primerica by 162.5% during the fourth quarter. Deutsche Bank AG now owns 189,987 shares of the financial services provider’s stock worth $19,290,000 after buying an additional 117,616 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Primerica by 24.3% during the first quarter. JPMorgan Chase & Co. now owns 547,358 shares of the financial services provider’s stock worth $52,875,000 after buying an additional 106,866 shares during the period. WBI Investments Inc. acquired a new stake in shares of Primerica during the first quarter worth $6,002,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Primerica during the fourth quarter worth $5,712,000. Institutional investors and hedge funds own 88.32% of the company’s stock.
Several research firms have recently commented on PRI. ValuEngine downgraded shares of Primerica from a “buy” rating to a “hold” rating in a research note on Friday, April 13th. Zacks Investment Research downgraded shares of Primerica from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Finally, Wells Fargo & Co set a $102.00 target price on shares of Primerica and gave the company a “hold” rating in a research report on Tuesday, May 8th. Six equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $101.25.
NYSE PRI opened at $99.60 on Friday. The firm has a market cap of $4.33 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.38 and a beta of 1.13. Primerica, Inc. has a 1 year low of $71.60 and a 1 year high of $108.05.
Primerica (NYSE:PRI) last posted its earnings results on Tuesday, May 8th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $459.92 million for the quarter, compared to analyst estimates of $459.83 million. Primerica had a net margin of 20.87% and a return on equity of 19.88%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 earnings per share. equities analysts anticipate that Primerica, Inc. will post 7.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Tuesday, May 22nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. Primerica’s dividend payout ratio is presently 18.12%.
Primerica, Inc, together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.
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