Schwab Charles Investment Management Inc. increased its holdings in shares of Primerica, Inc. (NYSE:PRI) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,573 shares of the financial services provider’s stock after purchasing an additional 5,550 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Primerica were worth $33,672,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Balyasny Asset Management LLC boosted its holdings in Primerica by 0.8% during the second quarter. Balyasny Asset Management LLC now owns 12,712 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 100 shares during the last quarter. BB&T Securities LLC boosted its holdings in Primerica by 6.4% during the third quarter. BB&T Securities LLC now owns 11,812 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 709 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its holdings in Primerica by 6.9% during the third quarter. Bbva Compass Bancshares Inc. now owns 13,460 shares of the financial services provider’s stock worth $1,098,000 after purchasing an additional 868 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Primerica by 69.5% during the second quarter. Flinton Capital Management LLC now owns 2,224 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 912 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Primerica by 21.5% during the third quarter. Pacer Advisors Inc. now owns 5,992 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 1,062 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Shares of Primerica, Inc. (NYSE:PRI) opened at $96.30 on Monday. Primerica, Inc. has a 1 year low of $70.00 and a 1 year high of $108.05. The stock has a market cap of $4,260.00, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.17. Primerica had a net margin of 20.74% and a return on equity of 19.47%. The firm had revenue of $442.94 million for the quarter, compared to analyst estimates of $435.87 million. During the same period in the prior year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts predict that Primerica, Inc. will post 6.88 EPS for the current fiscal year.

Primerica announced that its board has initiated a stock buyback program on Wednesday, February 7th that permits the company to buyback $225.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.25 per share. This is a positive change from Primerica’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, February 14th. Primerica’s dividend payout ratio is 10.50%.

PRI has been the subject of several recent research reports. ValuEngine upgraded shares of Primerica from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Co set a $102.00 target price on shares of Primerica and gave the stock a “hold” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $95.00 target price on shares of Primerica in a report on Friday, November 10th. SunTrust Banks cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Primerica from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.25.

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About Primerica

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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