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:PRI) 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:PRI) 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.

Primerica Company Profile

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.