Capital Fund Management S.A. Makes New $3.64 Million Investment 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 shares of Primerica, Inc. (NYSE:PRI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,795 shares of the financial services provider's stock, valued at approximately $3,641,000.

Several other institutional investors have also modified their holdings of PRI. Colonial Trust Co SC bought a new position in shares of Primerica during the 4th quarter valued at about $25,000. True Wealth Design LLC bought a new position in shares of Primerica during the 4th quarter valued at about $27,000. Headlands Technologies LLC lifted its holdings in shares of Primerica by 2,300.0% during the 1st quarter. Headlands Technologies LLC now owns 168 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 161 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Primerica in the 1st quarter valued at approximately $64,000. Finally, Golden State Wealth Management LLC raised its position in Primerica by 105.7% in the 1st quarter. Golden State Wealth Management LLC now owns 253 shares of the financial services provider's stock valued at $72,000 after buying an additional 130 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Activity at Primerica

In other news, CEO Glenn J. Williams sold 2,500 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.20, for a total transaction of $655,500.00. Following the completion of the transaction, the chief executive officer owned 36,392 shares of the company's stock, valued at approximately $9,541,982.40. The trade was a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company's stock.

Primerica Stock Up 0.4%

Shares of NYSE:PRI traded up $0.98 during trading on Friday, reaching $269.47. 25,385 shares of the company traded hands, compared to its average volume of 168,563. The company's 50 day moving average is $266.33 and its two-hundred day moving average is $269.55. The firm has a market capitalization of $8.73 billion, a PE ratio of 13.31 and a beta of 0.99. Primerica, Inc. has a 52 week low of $230.98 and a 52 week high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $5.46 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.28. The firm had revenue of $796.02 million during the quarter, compared to the consensus estimate of $790.99 million. Primerica had a return on equity of 32.42% and a net margin of 21.48%.The company's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.71 EPS. As a group, research analysts anticipate that Primerica, Inc. will post 20.6 EPS for the current year.

Primerica Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 22nd will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.5%. Primerica's payout ratio is 20.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Primerica from $315.00 to $320.00 and gave the company a "market perform" rating in a research report on Monday, August 11th. Jefferies Financial Group dropped their target price on Primerica from $293.00 to $283.00 and set a "hold" rating on the stock in a research report on Monday, August 11th. Finally, Morgan Stanley lifted their target price on Primerica from $292.00 to $308.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $315.29.

Primerica 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.