Primerica, Inc. (NYSE:PRI) Holdings Raised by Entropy Technologies LP

Entropy Technologies LP increased its stake in Primerica, Inc. (NYSE:PRI) by 207.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the financial services provider’s stock after purchasing an additional 5,600 shares during the quarter. Entropy Technologies LP’s holdings in Primerica were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Primerica by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 696,839 shares of the financial services provider’s stock worth $184,807,000 after acquiring an additional 25,951 shares in the last quarter. Barclays PLC lifted its position in shares of Primerica by 108.1% in the third quarter. Barclays PLC now owns 20,471 shares of the financial services provider’s stock worth $5,428,000 after purchasing an additional 10,635 shares in the last quarter. Sylvest Advisors LLC acquired a new stake in shares of Primerica during the fourth quarter worth approximately $543,000. Oak Thistle LLC grew its position in Primerica by 64.9% during the fourth quarter. Oak Thistle LLC now owns 4,936 shares of the financial services provider’s stock valued at $1,340,000 after purchasing an additional 1,943 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Primerica in the 3rd quarter valued at approximately $3,710,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PRI has been the subject of a number of research reports. Truist Financial lifted their target price on shares of Primerica from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen boosted their target price on Primerica from $314.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com lowered Primerica from a “buy” rating to a “hold” rating in a report on Friday. Piper Sandler dropped their price objective on Primerica from $313.00 to $300.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Primerica from $320.00 to $315.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Primerica presently has an average rating of “Hold” and a consensus price target of $304.14.

Primerica Stock Performance

PRI opened at $296.91 on Monday. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $307.91. The business has a 50 day moving average price of $283.37 and a 200 day moving average price of $274.65. The firm has a market cap of $9.91 billion, a P/E ratio of 22.68 and a beta of 1.11.

Primerica declared that its board has initiated a share repurchase plan on Thursday, November 14th that permits the company to repurchase $450.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.