Susquehanna Fundamental Investments LLC Has $8 Million Holdings in Primerica, Inc. $PRI

Susquehanna Fundamental Investments LLC raised its position in shares of Primerica, Inc. (NYSE:PRI) by 76.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 28,162 shares of the financial services provider’s stock after acquiring an additional 12,181 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Primerica were worth $8,004,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PRI. SJS Investment Consulting Inc. grew its position in Primerica by 176.2% during the first quarter. SJS Investment Consulting Inc. now owns 116 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Primerica during the second quarter worth $29,000. Root Financial Partners LLC boosted its position in Primerica by 52.6% during the first quarter. Root Financial Partners LLC now owns 177 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Primerica by 68.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Finally, Steph & Co. grew its stake in Primerica by 38.0% in the first quarter. Steph & Co. now owns 196 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 54 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Peter W. Schneider sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $312.65, for a total value of $562,770.00. Following the transaction, the president owned 8,011 shares in the company, valued at approximately $2,504,639.15. The trade was a 18.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amber Lynne Cottle sold 279 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $313.63, for a total transaction of $87,502.77. Following the transaction, the director directly owned 3,549 shares in the company, valued at approximately $1,113,072.87. This represents a 7.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,079 shares of company stock worth $1,551,308 in the last quarter. Corporate insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

PRI has been the subject of several research reports. Jefferies Financial Group lifted their price target on Primerica from $266.00 to $268.00 and gave the company a “hold” rating in a report on Friday, July 10th. Keefe, Bruyette & Woods lifted their target price on shares of Primerica from $323.00 to $335.00 and gave the company a “market perform” rating in a research note on Tuesday, August 11th. Truist Financial reissued a “hold” rating and issued a $320.00 target price (down from $370.00) on shares of Primerica in a research report on Thursday, August 27th. TD Cowen increased their price target on shares of Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley upped their price objective on shares of Primerica from $291.00 to $316.00 and gave the stock an “equal weight” rating in a report on Monday, August 24th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $315.57.

Primerica Price Performance

Primerica stock opened at $287.14 on Tuesday. Primerica, Inc. has a 52-week low of $230.09 and a 52-week high of $327.28. The firm has a market capitalization of $8.84 billion, a P/E ratio of 11.53 and a beta of 0.87. The stock has a fifty day moving average price of $304.92 and a two-hundred day moving average price of $279.20.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $6.41 EPS for the quarter, topping the consensus estimate of $6.03 by $0.38. Primerica had a net margin of 23.20% and a return on equity of 32.45%. The company had revenue of $865.07 million during the quarter, compared to analysts’ expectations of $881.00 million. During the same quarter in the previous year, the company earned $5.46 EPS. Primerica’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Primerica, Inc. will post 25.09 EPS for the current fiscal year.

Primerica Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 21st will be given a dividend of $1.20 per share. The ex-dividend date is Friday, August 21st. This represents a $4.80 annualized dividend and a yield of 1.7%. Primerica’s dividend payout ratio (DPR) is 19.28%.

Primerica Company Profile

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.