Squarepoint Ops LLC Increases Holdings in Primerica, Inc. (NYSE:PRI)

Squarepoint Ops LLC raised its holdings in shares of Primerica, Inc. (NYSE:PRI) by 292.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,353 shares of the financial services provider’s stock after acquiring an additional 33,061 shares during the quarter. Squarepoint Ops LLC owned approximately 0.11% of Primerica worth $5,643,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PRI. Invesco Ltd. grew its stake in shares of Primerica by 410.6% in the 2nd quarter. Invesco Ltd. now owns 489,306 shares of the financial services provider’s stock valued at $58,692,000 after purchasing an additional 393,470 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Primerica by 6.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,201,108 shares of the financial services provider’s stock valued at $503,926,000 after buying an additional 249,566 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Primerica by 127.9% during the second quarter. APG Asset Management N.V. now owns 225,200 shares of the financial services provider’s stock valued at $23,720,000 after acquiring an additional 126,400 shares during the last quarter. Paloma Partners Management Co boosted its stake in shares of Primerica by 4,089.1% during the 2nd quarter. Paloma Partners Management Co now owns 122,530 shares of the financial services provider’s stock worth $14,698,000 after purchasing an additional 119,605 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Primerica by 2,727.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 112,304 shares of the financial services provider’s stock worth $13,470,000 after acquiring an additional 108,332 shares during the period. 88.94% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Primerica from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. ValuEngine lowered shares of Primerica from a “hold” rating to a “sell” rating in a research note on Friday, October 11th.

In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $130.94, for a total value of $392,820.00. Following the transaction, the chief executive officer now directly owns 66,620 shares of the company’s stock, valued at approximately $8,723,222.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Alison S. Rand sold 2,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $134.01, for a total transaction of $268,020.00. Following the transaction, the chief financial officer now owns 15,337 shares of the company’s stock, valued at $2,055,311.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,000 shares of company stock worth $1,449,690. Company insiders own 0.84% of the company’s stock.

Primerica stock opened at $130.48 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $128.81 and a two-hundred day moving average price of $122.81. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 17.80 and a beta of 1.37. Primerica, Inc. has a 52-week low of $90.28 and a 52-week high of $135.89.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Primerica had a return on equity of 22.88% and a net margin of 17.90%. The firm had revenue of $520.60 million during the quarter, compared to analyst estimates of $518.78 million. During the same period last year, the company posted $1.93 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts expect that Primerica, Inc. will post 8.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.04%. Primerica’s dividend payout ratio is 18.55%.

Primerica Profile

Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

Recommended Story: Correction

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit