Wellington Management Group LLP Acquires 10,020 Shares of Primerica, Inc. (NYSE:PRI) (2024)

Wellington Management Group LLP lifted its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 117.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,576 shares of the financial services provider's stock after purchasing an additional 10,020 shares during the period. Wellington Management Group LLP owned 0.05% of Primerica worth $3,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PRI. Intech Investment Management LLC raised its holdings in shares of Primerica by 1.4% in the 4th quarter. Intech Investment Management LLC now owns 3,924 shares of the financial services provider's stock valued at $807,000 after purchasing an additional 55 shares during the period. PFW Advisors LLC lifted its position in Primerica by 3.8% during the fourth quarter. PFW Advisors LLC now owns 1,521 shares of the financial services provider's stock worth $313,000 after acquiring an additional 56 shares during the last quarter. Everhart Financial Group Inc. grew its position in shares of Primerica by 4.5% in the fourth quarter. Everhart Financial Group Inc. now owns 1,614 shares of the financial services provider's stock valued at $332,000 after purchasing an additional 69 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Primerica by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 15,933 shares of the financial services provider's stock worth $3,091,000 after purchasing an additional 80 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of Primerica during the fourth quarter worth $26,000. 90.88% of the stock is owned by institutional investors.

Primerica Trading Up 0.1 %

NYSE PRI traded up $0.18 during trading on Friday, hitting $236.58. 711,079 shares of the company's stock were exchanged, compared to its average volume of 188,210. The stock's 50 day moving average price is $225.24 and its two-hundred day moving average price is $229.39. Primerica, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $256.56. The company has a market cap of $8.14 billion, a PE ratio of 14.40 and a beta of 1.08.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The financial services provider reported $3.91 EPS for the quarter, missing the consensus estimate of $4.12 by ($0.21). The company had revenue of $742.83 million during the quarter, compared to the consensus estimate of $740.57 million. Primerica had a net margin of 20.44% and a return on equity of 27.35%. Primerica's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 EPS. Analysts forecast that Primerica, Inc. will post 17.66 earnings per share for the current fiscal year.

Primerica Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, May 20th. Primerica's dividend payout ratio (DPR) is 18.26%.

Wall Street Analysts Forecast Growth

PRI has been the topic of a number of recent research reports. StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a research report on Tuesday, May 7th. Jefferies Financial Group raised their price objective on Primerica from $235.00 to $236.00 and gave the stock a "hold" rating in a research note on Friday. Morgan Stanley upped their price objective on shares of Primerica from $245.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Primerica from $255.00 to $260.00 and gave the company a "market perform" rating in a report on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $255.25.

Get Our Latest Stock Report on Primerica

Insider Buying and Selling

In other news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $227.44, for a total transaction of $341,160.00. Following the sale, the president now directly owns 11,759 shares of the company's stock, valued at $2,674,466.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Peter W. Schneider sold 1,500 shares of the business's stock in a transaction on Friday, May 24th. The shares were sold at an average price of $227.44, for a total value of $341,160.00. Following the sale, the president now owns 11,759 shares of the company's stock, valued at $2,674,466.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $222.76, for a total value of $668,280.00. Following the completion of the sale, the chief executive officer now owns 48,322 shares of the company's stock, valued at $10,764,208.72. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

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.

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