Trainer Retirement System of Texas trimmed its stake in Primerica, Inc. (NYSE:PRI – Get Rating) by 11.1% through the third quarter, based on the corporate in its most up-to-date Kind 13F submitting with the Securities & Trade Fee. The fund owned 5,545 shares of the monetary providers supplier’s inventory after promoting 694 shares through the quarter. Trainer Retirement System of Texas’ holdings in Primerica had been price $685,000 as of its most up-to-date submitting with the Securities & Trade Fee.
Different hedge funds and different institutional traders have additionally just lately added to or decreased their stakes within the firm. Covestor Ltd boosted its stake in Primerica by 74.7% within the first quarter. Covestor Ltd now owns 255 shares of the monetary providers supplier’s inventory valued at $35,000 after buying a further 109 shares over the last quarter. Fortress Wealth Administration LLC bought a brand new stake in shares of Primerica through the 2nd quarter valued at roughly $38,000. Enterprise Visionary Companions LLC bought a brand new stake in shares of Primerica through the 2nd quarter valued at roughly $45,000. Eagle Bay Advisors LLC bought a brand new stake in shares of Primerica through the 2nd quarter valued at roughly $49,000. Lastly, Parkwood LLC lifted its stake in shares of Primerica by 5.4% through the 2nd quarter. Parkwood LLC now owns 58,794 shares of the monetary providers supplier’s inventory valued at $59,000 after shopping for a further 3,002 shares within the final quarter. 91.59% of the inventory is at the moment owned by hedge funds and different institutional traders.
Wall Avenue Analysts Forecast Progress
A variety of brokerages just lately commented on PRI. Morgan Stanley upped their worth goal on shares of Primerica from $137.00 to $150.00 and gave the corporate an “equal weight” ranking in a analysis observe on Tuesday, January tenth. StockNews.com lower shares of Primerica from a “purchase” ranking to a “maintain” ranking in a analysis observe on Tuesday, January tenth. Lastly, William Blair lower shares of Primerica from an “outperform” ranking to a “market carry out” ranking in a analysis observe on Thursday, November tenth. Three analysis analysts have rated the inventory with a maintain ranking and two have given a purchase ranking to the inventory. Based on MarketBeat.com, the corporate has a mean ranking of “Maintain” and a consensus goal worth of $165.67.
Insider Transactions at Primerica
In different information, CEO Glenn J. Williams offered 4,000 shares of Primerica inventory in a transaction on Monday, November twenty first. The shares had been offered at a mean worth of $142.38, for a complete transaction of $569,520.00. Following the completion of the sale, the chief govt officer now immediately owns 54,215 shares of the corporate’s inventory, valued at roughly $7,719,131.70. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by way of this hyperlink. In associated information, President Peter W. Schneider offered 3,500 shares of Primerica inventory in a transaction on Wednesday, November twenty third. The shares had been offered at a mean worth of $145.19, for a complete worth of $508,165.00. Following the transaction, the president now owns 15,752 shares within the firm, valued at roughly $2,287,032.88. The sale was disclosed in a submitting with the SEC, which is offered by way of the SEC website. Additionally, CEO Glenn J. Williams offered 4,000 shares of Primerica inventory in a transaction on Monday, November twenty first. The inventory was offered at a mean worth of $142.38, for a complete transaction of $569,520.00. Following the completion of the transaction, the chief govt officer now owns 54,215 shares within the firm, valued at roughly $7,719,131.70. The disclosure for this sale could be discovered here. Within the final ninety days, insiders offered 9,000 shares of firm inventory valued at $1,295,890. Insiders personal 0.85% of the corporate’s inventory.
Primerica Worth Efficiency
Shares of NYSE:PRI opened at $164.65 on Friday. Primerica, Inc. has a one yr low of $110.22 and a one yr excessive of $165.38. The agency has a market capitalization of $6.08 billion, a price-to-earnings ratio of 23.22 and a beta of 1.24. The corporate’s fifty day shifting common worth is $146.89 and its 200-day shifting common worth is $137.45.
Primerica (NYSE:PRI – Get Rating) final posted its quarterly earnings information on Tuesday, November eighth. The monetary providers supplier reported $3.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.02. Primerica had a web margin of 10.01% and a return on fairness of twenty-two.96%. The corporate had income of $673.29 million through the quarter, in comparison with the consensus estimate of $675.99 million. Throughout the identical interval within the earlier yr, the agency posted $2.98 EPS. The agency’s income was down 2.9% in comparison with the identical quarter final yr. As a bunch, equities analysis analysts count on that Primerica, Inc. will put up 10.91 EPS for the present yr.
Primerica Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Stockholders of document on Tuesday, November twenty second had been issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized foundation and a dividend yield of 1.34%. The ex-dividend date was Monday, November twenty first. Primerica’s dividend payout ratio is at the moment 31.03%.
Primerica declared that its Board of Administrators has permitted a share repurchase program on Thursday, November seventeenth that permits the corporate to repurchase $375.00 million in excellent shares. This repurchase authorization permits the monetary providers supplier to reacquire as much as 7% of its inventory by way of open market purchases. Inventory repurchase applications are usually a sign that the corporate’s management believes its shares are undervalued.
Primerica Profile
Primerica, Inc engages within the provision of economic merchandise to middle-income households. It operates by way of the next segments: Time period Life Insurance coverage, Funding and Financial savings Merchandise, and Company and Different Distributed Merchandise. The Time period Life Insurance coverage section consists of underwriting earnings within the in-force e-book of time period life insurance coverage insurance policies.
See Additionally
This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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