Riverhead Capital Management LLC lifted its holdings in shares of Primerica, Inc. (NYSE:PRI) by 68.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,530 shares of the financial services provider’s stock after purchasing an additional 1,030 shares during the quarter. Riverhead Capital Management LLC’s holdings in Primerica were worth $192,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. World Asset Management Inc lifted its position in shares of Primerica by 0.6% during the second quarter. World Asset Management Inc now owns 2,856 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 18 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of Primerica by 1.7% during the first quarter. TD Asset Management Inc. now owns 3,030 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 52 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Primerica by 1.9% during the second quarter. Teacher Retirement System of Texas now owns 3,669 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 69 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Primerica by 1.5% during the first quarter. Blair William & Co. IL now owns 8,293 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 121 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Primerica by 0.4% during the second quarter. Texas Permanent School Fund now owns 33,221 shares of the financial services provider’s stock worth $2,516,000 after purchasing an additional 133 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Riverhead Capital Management LLC Raises Stake in Primerica, Inc. (PRI)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/01/riverhead-capital-management-llc-raises-stake-in-primerica-inc-pri.html.

Several analysts have recently issued reports on the stock. BidaskClub raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Wells Fargo & Company reissued a “hold” rating on shares of Primerica in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $83.00 price target on shares of Primerica in a research report on Friday, June 23rd. Finally, Zacks Investment Research cut shares of Primerica from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Primerica has a consensus rating of “Hold” and an average target price of $83.75.

Shares of Primerica, Inc. (NYSE:PRI) opened at 81.55 on Friday. Primerica, Inc. has a one year low of $52.50 and a one year high of $86.45. The company has a 50-day moving average of $77.51 and a 200 day moving average of $78.63. The firm has a market cap of $3.66 billion, a PE ratio of 16.61 and a beta of 1.14.

Primerica (NYSE:PRI) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The business had revenue of $413.70 million during the quarter, compared to analysts’ expectations of $410.97 million. Primerica had a return on equity of 18.48% and a net margin of 14.41%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. On average, equities research analysts expect that Primerica, Inc. will post $5.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from Primerica’s previous quarterly dividend of $0.19. Primerica’s dividend payout ratio is currently 16.33%.

In other Primerica news, President Peter W. Schneider sold 1,301 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $76.92, for a total value of $100,072.92. Following the completion of the transaction, the president now owns 28,138 shares in the company, valued at approximately $2,164,374.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Alison S. Rand sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $76.50, for a total value of $153,000.00. Following the completion of the transaction, the vice president now owns 35,385 shares of the company’s stock, valued at approximately $2,706,952.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,301 shares of company stock valued at $495,113. 0.86% of the stock is owned by company 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.

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

Receive News & Stock 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 stocks with our FREE daily email newsletter.