Capital Fund Management S.A. Takes Position in Primerica, Inc. $PRI

Key Points

• Capital Fund Management S.A. has made a new investment in Primerica, Inc., acquiring 12,795 shares valued at approximately $3.64 million.
• In recent hedge fund activities, Vanguard Group Inc., Burgundy Asset Management Ltd., and GAMMA Investing LLC have all increased their stakes in Primerica, with institutional investors now owning 90.88% of the company's stock.
• Primerica reported $5.46 earnings per share for the last quarter, exceeding analyst expectations, and announced a quarterly dividend of $1.04 per share.

Capital Fund Management S.A. bought a new position in Primerica, Inc. (NYSE:PRI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,795 shares of the financial services provider's stock, valued at approximately $3,641,000.

Several other hedge funds also recently bought and sold shares of PRI. Colonial Trust Co SC acquired a new position in shares of Primerica during the 4th quarter valued at about $25,000. True Wealth Design LLC acquired a new position in shares of Primerica during the fourth quarter worth approximately $27,000. Headlands Technologies LLC lifted its position in shares of Primerica by 2,300.0% in the 1st quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock worth $48,000 after acquiring an additional 161 shares during the period. Summit Securities Group LLC bought a new stake in shares of Primerica in the 1st quarter worth approximately $64,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Primerica by 105.7% in the 1st quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock worth $72,000 after acquiring an additional 130 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Primerica Stock Down 0.5%

Shares of Primerica stock traded down $1.43 during trading on Thursday, reaching $268.17. 90,295 shares of the company were exchanged, compared to its average volume of 169,058. Primerica, Inc. has a twelve month low of $230.98 and a twelve month high of $307.91. The business has a 50-day moving average price of $266.16 and a 200-day moving average price of $269.73. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 13.25 and a beta of 0.99.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.46 EPS for the quarter, topping analysts' consensus estimates of $5.18 by $0.28. The business had revenue of $796.02 million during the quarter, compared to analysts' expectations of $790.99 million. Primerica had a return on equity of 32.42% and a net margin of 21.48%.The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.71 earnings per share. On average, equities research analysts forecast that Primerica, Inc. will post 20.6 EPS for the current fiscal year.

Primerica Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 22nd will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, August 22nd. This represents a $4.16 annualized dividend and a yield of 1.6%. Primerica's payout ratio is currently 20.55%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRI. Morgan Stanley raised their target price on Primerica from $292.00 to $308.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Jefferies Financial Group cut their target price on Primerica from $293.00 to $283.00 and set a "hold" rating for the company in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods raised their target price on Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $315.29.

Insiders Place Their Bets

In other Primerica news, CEO Glenn J. Williams sold 2,500 shares of Primerica stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total transaction of $655,500.00. Following the transaction, the chief executive officer directly owned 36,392 shares in the company, valued at approximately $9,541,982.40. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.