Invictus RG Has $207,000 Stake in Primerica, Inc. (PRI)

Invictus RG reduced its position in shares of Primerica, Inc. (NYSE:PRI) by 57.0% during the first quarter, Holdings Channel reports. The firm owned 2,521 shares of the financial services provider’s stock after selling 3,342 shares during the period. Invictus RG’s holdings in Primerica were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Primerica by 13.2% in the fourth quarter. AQR Capital Management LLC now owns 220,354 shares of the financial services provider’s stock worth $15,237,000 after buying an additional 25,628 shares during the period. Guggenheim Capital LLC increased its position in Primerica by 1,810.9% in the fourth quarter. Guggenheim Capital LLC now owns 127,209 shares of the financial services provider’s stock worth $8,796,000 after buying an additional 120,552 shares during the period. Seven Eight Capital LP bought a new position in Primerica during the fourth quarter worth approximately $221,000. Two Sigma Investments LP bought a new position in Primerica during the fourth quarter worth approximately $589,000. Finally, A.R.T. Advisors LLC increased its position in Primerica by 166.7% in the fourth quarter. A.R.T. Advisors LLC now owns 16,800 shares of the financial services provider’s stock worth $1,161,000 after buying an additional 10,500 shares during the period. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

Primerica (NYSE:PRI) last issued its earnings results on Tuesday, May 9th. The financial services provider reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.04. The business had revenue of $405.20 million for the quarter, compared to analyst estimates of $401.58 million. Primerica had a return on equity of 18.22% and a net margin of 14.49%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.02%. Primerica’s dividend payout ratio (DPR) is 15.93%.

WARNING: This report was originally posted by Mideast Time and is owned by of Mideast Time. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.mideasttime.com/invictus-rg-has-207000-stake-in-primerica-inc-pri/1802677.html.

A number of research analysts recently commented on the stock. William Blair downgraded shares of Primerica from an “outperform” rating to a “market perform” rating in a research report on Friday, April 21st. They noted that the move was a valuation call. Wells Fargo & Company downgraded shares of Primerica from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 20th. Keefe, Bruyette & Woods set a $78.00 price objective on shares of Primerica and gave the stock a “hold” rating in a research report on Friday, March 17th. Finally, Zacks Investment Research downgraded shares of Primerica from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Primerica presently has a consensus rating of “Hold” and an average target price of $83.25.

In other news, insider William A. Kelly sold 2,500 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $82.29, for a total transaction of $205,725.00. Following the completion of the transaction, the insider now owns 20,486 shares in the company, valued at $1,685,792.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Alison S. Rand sold 2,000 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $71.55, for a total transaction of $143,100.00. Following the transaction, the vice president now owns 37,385 shares of the company’s stock, valued at approximately $2,674,896.75. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding PRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Primerica, Inc. (NYSE:PRI).

Receive News & Ratings for Primerica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.