Nice West Life Assurance Co. Can lowered its stake in shares of Primerica, Inc. (NYSE:PRI) by 3.5% through the fourth quarter, in accordance with the corporate in its most up-to-date disclosure with the Securities & Alternate Fee. The fund owned 27,160 shares of the monetary companies supplier’s inventory after promoting 995 shares through the quarter. Nice West Life Assurance Co. Can owned about 0.07% of Primerica price $3,519,00Zero on the finish of the newest quarter.
Different hedge funds and different institutional traders additionally just lately added to or diminished their stakes within the firm. Clear Harbor Asset Administration LLC bought a brand new stake in Primerica through the 4th quarter valued at roughly $46,000. Level72 Asset Administration L.P. elevated its holdings in shares of Primerica by 20.0% within the third quarter. Level72 Asset Administration L.P. now owns 600 shares of the monetary companies supplier’s inventory valued at $76,00Zero after buying a further 100 shares through the interval. Opus Capital Group LLC bought a brand new stake in shares of Primerica through the fourth quarter price roughly $208,000. Stevens Capital Administration LP bought a brand new stake in shares of Primerica through the fourth quarter price roughly $211,000. Lastly, Machina Capital S.A.S. bought a brand new stake in shares of Primerica through the fourth quarter price roughly $218,000. 90.03% of the inventory is presently owned by hedge funds and different institutional traders.
In different Primerica information, President Peter W. Schneider bought 3,00Zero shares of the corporate’s inventory in a transaction dated Friday, February 28th. The shares had been bought at a mean worth of $109.82, for a complete transaction of $329,460.00. Following the transaction, the president now instantly owns 24,313 shares within the firm, valued at $2,670,053.66. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is out there at this hyperlink. Additionally, CFO Alison S. Rand bought 2,00Zero shares of the corporate’s inventory in a transaction dated Friday, February 28th. The inventory was bought at a mean worth of $110.02, for a complete transaction of $220,040.00. Following the transaction, the chief monetary officer now owns 11,665 shares within the firm, valued at $1,283,383.30. The disclosure for this sale may be discovered right here. Company insiders personal 0.84% of the corporate’s inventory.
Shares of PRI opened at $98.72 on Friday. Primerica, Inc. has a twelve month low of $83.47 and a twelve month excessive of $138.05. The inventory’s 50 day transferring common is $120.61 and its two-hundred day transferring common is $125.91. The agency has a market capitalization of $4.06 billion, a PE ratio of 11.44 and a beta of 1.29. The corporate has a present ratio of 0.54, a fast ratio of 0.54 and a debt-to-equity ratio of 0.03.
Primerica (NYSE:PRI) final issued its earnings outcomes on Tuesday, February 11th. The monetary companies supplier reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.11. The enterprise had income of $530.94 million through the quarter, in comparison with the consensus estimate of $526.19 million. Primerica had a return on fairness of 22.52% and a internet margin of 17.85%. Throughout the identical interval within the prior 12 months, the enterprise posted $2.01 EPS. On common, sell-side analysts predict that Primerica, Inc. will submit 9.48 EPS for the present 12 months.
Primerica introduced that its board has initiated a share buyback plan on Tuesday, February 11th that authorizes the corporate to buyback $300.00 million in shares. This buyback authorization authorizes the monetary companies supplier to repurchase as much as 5.4% of its inventory by means of open market purchases. Inventory buyback plans are usually a sign that the corporate’s administration believes its shares are undervalued.
The agency additionally just lately disclosed a quarterly dividend, which can be paid on Monday, March 16th. Buyers of report on Monday, February 24th can be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized foundation and a yield of 1.62%. The ex-dividend date of this dividend is Friday, February 21st. This can be a constructive change from Primerica’s earlier quarterly dividend of $0.34. Primerica’s dividend payout ratio is presently 18.98%.
Quite a few equities analysts just lately weighed in on the inventory. Zacks Funding Analysis upgraded shares of Primerica from a “maintain” ranking to a “purchase” ranking and set a $153.00 worth goal on the inventory in a analysis report on Saturday, February 15th. William Blair upgraded shares of Primerica from a “market carry out” ranking to an “outperform” ranking in a analysis word on Thursday, February 13th. Lastly, ValuEngine upgraded shares of Primerica from a “promote” ranking to a “maintain” ranking in a analysis word on Tuesday, February 25th. One analyst has rated the inventory with a promote ranking, one has assigned a maintain ranking and three have given a purchase ranking to the corporate. The inventory presently has a mean ranking of “Maintain” and a consensus goal worth of $136.33.
Primerica, Inc, along with its subsidiaries, offers monetary merchandise to center revenue households in the USA and Canada. The corporate operates in three segments: Time period Life Insurance coverage; Funding and Financial savings Merchandise; and Company and Different Distributed Merchandise. It underwrites particular person time period life insurance coverage merchandise.
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