Sei Investments Co. reduced its position in Primerica, Inc. (NYSE:PRI) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,405 shares of the financial services provider’s stock after selling 1,084 shares during the quarter. Sei Investments Co. owned about 0.13% of Primerica worth $4,926,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PRI. JPMorgan Chase & Co. raised its stake in shares of Primerica by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 502,000 shares of the financial services provider’s stock worth $38,026,000 after purchasing an additional 5,981 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Primerica by 0.3% during the second quarter. Vanguard Group Inc. now owns 5,085,927 shares of the financial services provider’s stock worth $385,260,000 after purchasing an additional 13,941 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Primerica by 27.3% during the second quarter. BB&T Securities LLC now owns 11,103 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 2,379 shares during the last quarter. State Street Corp raised its stake in shares of Primerica by 1.3% during the second quarter. State Street Corp now owns 1,780,565 shares of the financial services provider’s stock worth $134,879,000 after purchasing an additional 22,430 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Primerica during the second quarter worth approximately $3,313,000. 94.71% of the stock is owned by institutional investors and hedge funds.

Primerica, Inc. (NYSE:PRI) traded up $0.10 during trading hours on Monday, reaching $98.95. The company’s stock had a trading volume of 92,900 shares, compared to its average volume of 304,984. The stock has a market capitalization of $4,380.00, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. Primerica, Inc. has a 1 year low of $68.60 and a 1 year high of $100.65.

Primerica (NYSE:PRI) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.09. The firm had revenue of $427.30 million during the quarter, compared to analysts’ expectations of $425.83 million. Primerica had a return on equity of 18.94% and a net margin of 14.55%. Primerica’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 earnings per share. equities analysts expect that Primerica, Inc. will post 5.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, November 16th. Primerica’s dividend payout ratio (DPR) is 15.50%.

PRI has been the subject of several research analyst reports. BidaskClub upgraded Primerica from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company reiterated a “hold” rating on shares of Primerica in a research report on Tuesday, August 8th. Zacks Investment Research cut Primerica from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $87.00 price objective on shares of Primerica in a research report on Monday, October 16th. Finally, SunTrust Banks, Inc. cut Primerica from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $90.50.

In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total value of $462,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Peter W. Schneider sold 1,301 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $76.92, for a total value of $100,072.92. Following the completion of the sale, the president now directly owns 28,138 shares in the company, valued at approximately $2,164,374.96. The disclosure for this sale can be found here. Insiders sold 8,301 shares of company stock worth $715,073 in the last three months. 0.86% of the stock is owned by corporate insiders.

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Primerica Company Profile

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.

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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