Aigen Investment Management LP Has $745,000 Position in Primerica, Inc. (NYSE:PRI)

Aigen Investment Management LP lifted its holdings in shares of Primerica, Inc. (NYSE:PRI) by 148.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,811 shares of the financial services provider’s stock after purchasing an additional 1,678 shares during the quarter. Aigen Investment Management LP’s holdings in Primerica were worth $745,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PRI. BNP Paribas Financial Markets raised its position in shares of Primerica by 75.8% during the first quarter. BNP Paribas Financial Markets now owns 4,167 shares of the financial services provider’s stock worth $1,054,000 after purchasing an additional 1,797 shares during the period. Entropy Technologies LP bought a new position in shares of Primerica during the first quarter worth about $319,000. Blair William & Co. IL grew its holdings in shares of Primerica by 24.5% during the first quarter. Blair William & Co. IL now owns 12,159 shares of the financial services provider’s stock worth $3,076,000 after buying an additional 2,393 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Primerica by 9.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,059 shares of the financial services provider’s stock worth $1,275,000 after buying an additional 449 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Primerica during the first quarter worth about $979,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PRI shares. Jefferies Financial Group increased their price objective on Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. StockNews.com downgraded Primerica from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Piper Sandler started coverage on Primerica in a report on Friday, August 30th. They set a “neutral” rating and a $283.00 price objective for the company. TD Cowen assumed coverage on Primerica in a report on Wednesday, October 9th. They set a “buy” rating and a $314.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their price target on Primerica from $255.00 to $275.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $288.33.

Primerica Stock Down 0.8 %

PRI stock opened at $300.18 on Thursday. The business has a 50 day moving average price of $271.23 and a two-hundred day moving average price of $249.88. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 22.93 and a beta of 1.08. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $304.84.

Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.87. Primerica had a return on equity of 30.93% and a net margin of 14.95%. The company had revenue of $774.13 million during the quarter, compared to analysts’ expectations of $745.25 million. During the same period last year, the firm posted $4.28 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Primerica, Inc. will post 19.12 EPS for the current fiscal year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.20%. Primerica’s payout ratio is 27.50%.

Insider Activity

In other news, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $301.27, for a total value of $903,810.00. Following the completion of the sale, the chief executive officer now directly owns 36,322 shares of the company’s stock, valued at $10,942,728.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $261.11, for a total transaction of $391,665.00. Following the completion of the sale, the president now directly owns 10,259 shares of the company’s stock, valued at approximately $2,678,727.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $301.27, for a total value of $903,810.00. Following the sale, the chief executive officer now directly owns 36,322 shares of the company’s stock, valued at approximately $10,942,728.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock valued at $1,803,175 over the last three months. Insiders own 0.85% of the company’s stock.

Primerica 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.