Gator Capital Management LLC Takes Position in Primerica, Inc. (PRI)

Gator Capital Management LLC bought a new position in Primerica, Inc. (NYSE:PRI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,167 shares of the financial services provider’s stock, valued at approximately $626,000.

Several other institutional investors have also recently added to or reduced their stakes in PRI. Aperio Group LLC lifted its holdings in Primerica by 3.7% during the 4th quarter. Aperio Group LLC now owns 28,722 shares of the financial services provider’s stock valued at $2,917,000 after buying an additional 1,017 shares in the last quarter. Parametrica Management Ltd bought a new stake in Primerica during the 4th quarter valued at about $203,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Primerica by 34.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802 shares of the financial services provider’s stock valued at $285,000 after buying an additional 721 shares in the last quarter. Chicago Equity Partners LLC lifted its holdings in Primerica by 41.0% during the 4th quarter. Chicago Equity Partners LLC now owns 11,210 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 3,260 shares in the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in Primerica by 40.1% during the 4th quarter. Wright Investors Service Inc. now owns 8,650 shares of the financial services provider’s stock valued at $878,000 after buying an additional 2,478 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Shares of Primerica, Inc. (NYSE:PRI) opened at $101.00 on Friday. Primerica, Inc. has a twelve month low of $70.00 and a twelve month high of $108.05. The firm has a market cap of $4,469.05, a PE ratio of 19.73, a P/E/G ratio of 1.47 and a beta of 1.14.

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

A number of equities research analysts recently weighed in on PRI shares. Zacks Investment Research upgraded shares of Primerica from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $87.00 price objective on shares of Primerica in a report on Monday, October 16th. SunTrust Banks lowered shares of Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. They noted that the move was a valuation call. ValuEngine upgraded shares of Primerica from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $100.00 price objective (up previously from $95.00) on shares of Primerica in a report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Primerica currently has a consensus rating of “Hold” and an average price target of $100.75.

In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $92.40, for a total transaction of $462,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

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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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