Amalgamated Bank, a renowned financial institution, has recently reduced its stake in Primerica, Inc. by 22.1% during the first quarter of this year. This information was gathered from the bank’s latest filing with the Securities and Exchange Commission (SEC). Notably, Amalgamated Bank now possesses 25,373 shares of Primerica’s stock after selling 7,203 shares during this period. The total worth of Amalgamated Bank’s stake in Primerica is estimated to be around $4,370,000 as per its most recent SEC filing.
It is worth mentioning that Primerica (NYSE:PRI) had previously released its quarterly earnings report on May 8th of this year. In this report, the financial services provider announced an impressive EPS (earnings per share) figure of $3.49 for the quarter, surpassing analysts’ estimates by a slight margin of $0.04. Furthermore, Primerica exhibited a net margin of 15.33% and a return on equity of 27.48%. The firm’s revenue for this quarter amounted to $690.04 million but fell short when compared to analyst predictions of $697.61 million. It is important to note that while Primerica faced a slight decline in revenue by 0.2% compared to the previous year’s quarter, it still displayed strong overall performance during this period.
Equity analysts expect that Primerica will post earnings per share of approximately $15.38 for the current fiscal year—an encouraging projection for potential investors searching for profitable opportunities within the financial sector.
In other recent news related to Primerica, Director John A. Jr. Addison made headlines when he sold off 1,700 shares of Primerica stock on June 7th at an average price of $189.95 per share—amounting to a cumulative transaction value of $322,915. Following this sale, Addison currently holds 18,087 shares of the company’s stock, valued at a remarkable $3,435,625.65. This transaction was recorded in a filing with the SEC, and further details can be found through the provided hyperlink.
Additionally, President Peter W. Schneider sold 2,000 shares of Primerica stock on the same day as Director Addison’s sale—June 7th. These shares were sold at an average price of $192.19 each, totaling $384,380. After this transaction concluded, President Schneider now directly owns 13,024 shares of Primerica stock with an approximate value of $2,503,082.56. Similar to Director Addison’s sale, this information was disclosed in a filing with the Securities & Exchange Commission via a link accessible to the public.
Director Addison also completed another notable sale of Primerica stock on June 7th when he disposed of 1,700 more shares at an average price of $189.95 per share for a total transaction value of $322,915. Following this most recent transaction, Addison currently possesses approximately 18,087 shares in Primerica estimated to be worth $3,4356.,625.65.
It is essential to highlight that insiders have sold a significant number of company shares within the last three months. A total of 11,200 shares were sold by insiders over this period which valued at approximately $2,,119760 million. Currently, 0.85% ownership rights are retained by insiders.
These developments provide valuable insights for potential investors interested in understanding the dynamics surrounding Primerica and its recent activities both internally and externally within financial markets.
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Inside the Buzz: Recent Activities and Evaluations of Primerica Stock
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”PRI” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]An analysis of recent activity in the financial markets reveals an intriguing trend in the trading of Primerica stock (PRI). Several prominent hedge funds have emerged as key players in buying and selling shares of this financial services provider. U.S. Capital Wealth Advisors LLC, for example, recently purchased a stake in Primerica valued at $28,000 during the fourth quarter of last year.
The acquisition of stakes in Primerica is not limited to U.S. Capital Wealth Advisors. Covestor Ltd also increased its investment in the company by 74.7% during the first quarter, resulting in ownership of 255 shares worth $35,000. Likewise, Belpointe Asset Management LLC, Thompson Siegel & Walmsley LLC, and Lazard Asset Management LLC all acquired positions in Primerica that were valued at $38,000 each during the fourth quarter.
These moves indicate a high level of confidence among institutional investors regarding the prospects of Primerica as an investment opportunity. In fact, a staggering 91.27% of the company’s outstanding shares are now owned by institutional investors.
The trading activity surrounding Primerica stock has also been drawing attention due to some noteworthy insider transactions. Director John A. Jr. Addison recently sold 1,700 shares for an average price of $189.95 per share, resulting in a total transaction value of $322,915. President Peter W. Schneider also sold 2,000 shares for an average price of $192.19 each, totaling $384,380.
These sales were disclosed through filings with the Securities and Exchange Commission (SEC), demonstrating transparency and compliance with regulatory requirements. It is interesting to note that despite these insider transactions, insiders still retain ownership stakes in Primerica stock.
In addition to these developments related to trading activity and insider transactions, Primerica recently announced a dividend payment to shareholders on June 12th. Shareholders recorded on May 22nd received a dividend of $0.65 per share, which represents an annualized dividend of $2.60 and yields 1.23%.
Looking beyond these financial aspects, Primerica has also received attention from equity research firms. StockNews.com upgraded the stock from a “hold” rating to a “buy” rating, while Truist Financial increased their price objective on shares of Primerica from $220.00 to $240.00.
Another research report by Raymond James deemed Primerica worthy of a “strong-buy” rating, setting a target price of $244.00 for the company’s stock. These positive evaluations reflect the confidence in Primerica’s business model and potential for growth.
Overall, the various recent activities surrounding Primerica indicate that investors and market analysts are paying close attention to its performance. The high degree of interest from institutional investors, insider transactions, dividend announcements, and positive ratings from equity research firms all contribute to a sense of excitement around this financial services provider.
While past performance is not indicative of future results, it will be intriguing to see how Primerica’s market position evolves in the coming months and what impact these recent developments will have on its overall growth trajectory.
