Primerica, Inc. (NYSE:PRI) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its position in shares of Primerica, Inc. (NYSE:PRIFree Report) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,016 shares of the financial services provider’s stock after selling 706 shares during the quarter. Marks Group Wealth Management Inc owned 0.10% of Primerica worth $9,284,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PRI. Burgundy Asset Management Ltd. lifted its stake in Primerica by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,237,164 shares of the financial services provider’s stock valued at $292,688,000 after acquiring an additional 17,095 shares during the period. Millennium Management LLC lifted its position in Primerica by 30,726.7% during the second quarter. Millennium Management LLC now owns 680,961 shares of the financial services provider’s stock valued at $161,102,000 after purchasing an additional 678,752 shares during the period. Dimensional Fund Advisors LP lifted its position in Primerica by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 637,753 shares of the financial services provider’s stock valued at $150,880,000 after purchasing an additional 21,836 shares during the period. Raymond James & Associates grew its position in Primerica by 4.6% during the 3rd quarter. Raymond James & Associates now owns 121,349 shares of the financial services provider’s stock worth $32,176,000 after purchasing an additional 5,323 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Primerica by 66.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 99,758 shares of the financial services provider’s stock valued at $23,601,000 after buying an additional 39,761 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Primerica

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $252.55, for a total value of $757,650.00. Following the transaction, the chief executive officer now owns 45,322 shares in the company, valued at approximately $11,446,071.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $252.55, for a total transaction of $757,650.00. Following the transaction, the chief executive officer now owns 45,322 shares of the company’s stock, valued at approximately $11,446,071.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $261.11, for a total value of $391,665.00. Following the completion of the sale, the president now owns 10,259 shares of the company’s stock, valued at approximately $2,678,727.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock valued at $1,657,015 over the last ninety days. Insiders own 0.85% of the company’s stock.

Primerica Stock Up 0.7 %

Shares of NYSE PRI opened at $276.71 on Wednesday. Primerica, Inc. has a 52-week low of $184.76 and a 52-week high of $284.37. The company’s 50-day simple moving average is $267.76 and its 200-day simple moving average is $247.11. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 22.15 and a beta of 1.08.

Primerica (NYSE:PRIGet Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $4.71 EPS for the quarter, topping the consensus estimate of $4.47 by $0.24. The company had revenue of $803.38 million during the quarter, compared to analyst estimates of $748.88 million. Primerica had a return on equity of 27.81% and a net margin of 14.85%. Primerica’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.99 EPS. Equities research analysts anticipate that Primerica, Inc. will post 18.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PRI shares. Jefferies Financial Group upped their target price on Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. TD Cowen began coverage on shares of Primerica in a report on Wednesday, October 9th. They set a “buy” rating and a $314.00 target price for the company. Morgan Stanley increased their price target on shares of Primerica from $257.00 to $269.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Finally, Truist Financial increased their target price on shares of Primerica from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $281.67.

Read Our Latest Stock Report on PRI

Primerica Company Profile

(Free Report)

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.

Featured Stories

Want to see what other hedge funds are holding PRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Primerica, Inc. (NYSE:PRIFree Report).

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

Receive News & Ratings for Primerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica and related companies with MarketBeat.com's FREE daily email newsletter.