Running Oak Capital LLC Acquires 5,169 Shares of Primerica, Inc. (NYSE:PRI)

Running Oak Capital LLC boosted its position in Primerica, Inc. (NYSE:PRI) by 13.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,340 shares of the financial services provider’s stock after purchasing an additional 5,169 shares during the quarter. Primerica comprises about 1.8% of Running Oak Capital LLC’s portfolio, making the stock its 24th biggest holding. Running Oak Capital LLC owned approximately 0.13% of Primerica worth $9,123,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new stake in shares of Primerica during the 3rd quarter valued at $25,000. LWM Advisory Services LLC acquired a new position in shares of Primerica during the 3rd quarter worth $26,000. ORG Partners LLC acquired a new position in shares of Primerica during the 4th quarter worth $26,000. Sound Income Strategies LLC raised its holdings in shares of Primerica by 121.9% during the 4th quarter. Sound Income Strategies LLC now owns 233 shares of the financial services provider’s stock worth $48,000 after buying an additional 128 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Primerica by 14.2% during the 3rd quarter. Assetmark Inc. now owns 674 shares of the financial services provider’s stock worth $131,000 after buying an additional 84 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Primerica Price Performance

Shares of Primerica stock traded up $3.83 during trading on Thursday, reaching $219.34. 159,345 shares of the company traded hands, compared to its average volume of 161,968. Primerica, Inc. has a 1-year low of $173.00 and a 1-year high of $256.56. The company has a 50 day moving average price of $238.89 and a 200-day moving average price of $222.99. The firm has a market capitalization of $7.61 billion, a PE ratio of 13.57 and a beta of 1.10.

Primerica (NYSE:PRI) last released its earnings results on Tuesday, February 13th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.27 by ($0.02). Primerica had a net margin of 20.37% and a return on equity of 27.83%. The company had revenue of $726.34 million for the quarter, compared to analyst estimates of $723.64 million. During the same quarter in the previous year, the firm earned $3.49 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Primerica, Inc. will post 17.78 earnings per share for the current year.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.75 per share. This is an increase from Primerica’s previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, February 20th. This represents a $3.00 annualized dividend and a yield of 1.37%. Primerica’s dividend payout ratio is presently 18.89%.

Wall Street Analysts Forecast Growth

PRI has been the subject of a number of research analyst reports. Morgan Stanley boosted their price target on Primerica from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods boosted their target price on shares of Primerica from $255.00 to $260.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Truist Financial boosted their target price on shares of Primerica from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Raymond James downgraded shares of Primerica from a “strong-buy” rating to a “market perform” rating in a research report on Monday, February 12th. Finally, StockNews.com upgraded shares of Primerica from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Primerica has a consensus rating of “Hold” and an average price target of $245.50.

Insiders Place Their Bets

In related news, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $243.41, for a total transaction of $365,115.00. Following the completion of the transaction, the president now owns 13,259 shares in the company, valued at $3,227,373.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Primerica news, COO Gregory C. Pitts sold 3,759 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $245.43, for a total transaction of $922,571.37. Following the completion of the transaction, the chief operating officer now owns 3,379 shares in the company, valued at $829,307.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $243.41, for a total transaction of $365,115.00. Following the transaction, the president now owns 13,259 shares of the company’s stock, valued at approximately $3,227,373.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,708 shares of company stock worth $1,648,677. Insiders own 0.85% of the company’s stock.

Primerica Company 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.