XTX Topco Ltd Sells 3,047 Shares of Primerica, Inc. (NYSE:PRI)

23 Apr 2025, 09:12 by Mitch Edgeman · The Markets Daily

XTX Topco Ltd lowered its stake in Primerica, Inc. (NYSE:PRI – Free Report) by 68.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,431 shares of the financial services provider’s stock after selling 3,047 shares during the period. XTX Topco Ltd’s holdings in Primerica were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PRI. Geode Capital Management LLC increased its position in shares of Primerica by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 779,760 shares of the financial services provider’s stock valued at $211,691,000 after buying an additional 82,921 shares during the period. FIL Ltd raised its position in shares of Primerica by 85.5% in the 4th quarter. FIL Ltd now owns 131,365 shares of the financial services provider’s stock worth $35,655,000 after acquiring an additional 60,565 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Primerica in the 4th quarter valued at approximately $34,191,000. Los Angeles Capital Management LLC boosted its position in shares of Primerica by 10.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider’s stock valued at $32,573,000 after purchasing an additional 11,612 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Primerica by 11.4% in the fourth quarter. JPMorgan Chase & Co. now owns 117,308 shares of the financial services provider’s stock worth $31,840,000 after purchasing an additional 11,996 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Primerica

In other news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total value of $845,220.00. Following the sale, the chief executive officer now directly owns 33,322 shares of the company’s stock, valued at approximately $9,388,140.28. The trade was a 8.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of Primerica stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total value of $565,800.00. Following the completion of the sale, the president now directly owns 13,301 shares in the company, valued at approximately $3,762,852.90. The trade was a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,234 shares of company stock valued at $1,476,575 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on PRI shares. Morgan Stanley dropped their target price on shares of Primerica from $313.00 to $304.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Keefe, Bruyette & Woods decreased their target price on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets began coverage on shares of Primerica in a report on Thursday, January 23rd. They set a “market perform” rating and a $311.00 target price for the company. Finally, StockNews.com downgraded Primerica from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $309.14.

Check Out Our Latest Research Report on PRI

Primerica Price Performance

NYSE PRI opened at $254.43 on Wednesday. Primerica, Inc. has a 1-year low of $211.53 and a 1-year high of $307.91. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 18.50 and a beta of 1.03. The business’s fifty day moving average price is $274.26 and its 200-day moving average price is $281.32.

Primerica (NYSE:PRI – Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.22. Primerica had a net margin of 15.14% and a return on equity of 31.11%. Equities research analysts anticipate that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.64%. This is an increase from Primerica’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, February 21st. Primerica’s payout ratio is presently 30.25%.

Primerica 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.