Shelton Capital Management acquired a new stake in Primerica, Inc. (NYSE:PRI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,492 shares of the financial services provider’s stock, valued at approximately $265,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 valued at $385,260,000 after acquiring an additional 13,941 shares in the last quarter. BlackRock Inc. grew its stake in shares of Primerica by 22,346.4% during the first quarter. BlackRock Inc. now owns 4,448,197 shares of the financial services provider’s stock valued at $365,642,000 after acquiring an additional 4,428,380 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Primerica by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,426,797 shares of the financial services provider’s stock valued at $259,581,000 after acquiring an additional 54,537 shares in the last quarter. State Street Corp grew its stake in shares of Primerica by 2.7% during the first quarter. State Street Corp now owns 1,758,135 shares of the financial services provider’s stock valued at $144,519,000 after acquiring an additional 46,400 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Primerica by 10.7% during the first quarter. FMR LLC now owns 1,752,471 shares of the financial services provider’s stock valued at $144,053,000 after acquiring an additional 169,689 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Primerica, Inc. (NYSE PRI) opened at 89.25 on Tuesday. The firm has a market capitalization of $4.01 billion, a P/E ratio of 18.18 and a beta of 1.17. Primerica, Inc. has a 1-year low of $52.75 and a 1-year high of $89.30. The company has a 50-day moving average price of $79.09 and a 200-day moving average price of $78.81.

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

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In other news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $80.68, for a total transaction of $242,040.00. Following the completion of the transaction, the chief executive officer now owns 77,895 shares of the company’s stock, valued at $6,284,568.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Peter W. Schneider sold 1,301 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $76.92, for a total transaction of $100,072.92. Following the transaction, the president now directly owns 28,138 shares of the company’s stock, valued at approximately $2,164,374.96. The disclosure for this sale can be found here. Insiders have sold 6,301 shares of company stock valued at $495,113 in the last ninety days. 0.86% of the stock is owned by company insiders.

Several analysts have recently weighed in on PRI shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $83.00 target price on shares of Primerica in a research note on Friday, June 23rd. BidaskClub upgraded Primerica from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Wells Fargo & Company restated a “hold” rating on shares of Primerica in a research note on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Primerica from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.50.

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.

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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