Life Cycle Investment Partners Ltd Acquires Shares of 157,586 Primerica, Inc. $PRI

Life Cycle Investment Partners Ltd bought a new position in shares of Primerica, Inc. (NYSE:PRI) during the 4th quarter, HoldingsChannel reports. The firm bought 157,586 shares of the financial services provider’s stock, valued at approximately $40,714,000.

Several other institutional investors have also recently made changes to their positions in PRI. Root Financial Partners LLC purchased a new stake in shares of Primerica in the third quarter worth $27,000. Smartleaf Asset Management LLC grew its stake in shares of Primerica by 186.5% during the third quarter. Smartleaf Asset Management LLC now owns 106 shares of the financial services provider’s stock valued at $29,000 after buying an additional 69 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Primerica during the fourth quarter valued at about $30,000. Torren Management LLC purchased a new stake in shares of Primerica during the fourth quarter worth about $50,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Primerica by 620.0% during the third quarter. Hantz Financial Services Inc. now owns 216 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PRI. Zacks Research lowered shares of Primerica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Morgan Stanley raised their price target on shares of Primerica from $280.00 to $291.00 and gave the company an “equal weight” rating in a research report on Thursday. TD Cowen reissued a “buy” rating on shares of Primerica in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their target price on shares of Primerica from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Primerica in a research report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $297.80.

Insider Buying and Selling

In related news, President Peter W. Schneider sold 1,800 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $279.64, for a total transaction of $503,352.00. Following the completion of the sale, the president owned 9,811 shares of the company’s stock, valued at $2,743,548.04. This represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is owned by insiders.

Primerica Trading Down 0.3%

Shares of NYSE:PRI opened at $280.05 on Friday. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 11.74 and a beta of 0.91. The firm’s 50-day moving average is $265.68 and its 200 day moving average is $261.28. Primerica, Inc. has a 12 month low of $230.09 and a 12 month high of $288.03.

Primerica (NYSE:PRI) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.45 by $0.51. The business had revenue of $872.30 million for the quarter, compared to the consensus estimate of $855.36 million. Primerica had a net margin of 22.99% and a return on equity of 32.32%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.02 EPS. As a group, equities analysts forecast that Primerica, Inc. will post 24.42 EPS for the current fiscal year.

Primerica Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Primerica’s dividend payout ratio is presently 20.13%.

About Primerica

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.