Quantinno Capital Management LP Has $2.28 Million Position in Primerica, Inc. (NYSE:PRI)

Quantinno Capital Management LP raised its stake in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 63.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,404 shares of the financial services provider's stock after buying an additional 3,254 shares during the period. Quantinno Capital Management LP's holdings in Primerica were worth $2,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PRI. Barclays PLC raised its position in Primerica by 108.1% during the third quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock valued at $5,428,000 after acquiring an additional 10,635 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Primerica by 20.6% in the 4th quarter. HB Wealth Management LLC now owns 2,050 shares of the financial services provider's stock valued at $556,000 after purchasing an additional 350 shares during the last quarter. UMB Bank n.a. raised its holdings in Primerica by 65.5% during the fourth quarter. UMB Bank n.a. now owns 240 shares of the financial services provider's stock valued at $65,000 after buying an additional 95 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Primerica by 10.9% in the fourth quarter. Ballentine Partners LLC now owns 899 shares of the financial services provider's stock worth $244,000 after buying an additional 88 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Primerica by 53.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,178 shares of the financial services provider's stock worth $1,948,000 after buying an additional 2,498 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded Primerica from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley upped their price objective on shares of Primerica from $274.00 to $296.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $308.00.

Insider Activity

In other news, insider Nicholas Adam Jendusa sold 234 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $280.15, for a total value of $65,555.10. Following the sale, the insider now owns 200 shares of the company's stock, valued at approximately $56,030. This represents a 53.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Peter W. Schneider sold 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $282.90, for a total transaction of $565,800.00. Following the sale, the president now owns 13,301 shares of the company's stock, valued at $3,762,852.90. This trade represents a 13.07% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Primerica Stock Down 0.7%

NYSE PRI traded down $1.80 during midday trading on Monday, hitting $266.78. The company had a trading volume of 109,405 shares, compared to its average volume of 157,530. The firm has a fifty day simple moving average of $268.07 and a two-hundred day simple moving average of $279.77. Primerica, Inc. has a fifty-two week low of $219.52 and a fifty-two week high of $307.91. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 19.40 and a beta of 1.02.

Primerica (NYSE:PRI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 EPS for the quarter, topping analysts' consensus estimates of $4.77 by $0.25. The company had revenue of $803.56 million during the quarter, compared to the consensus estimate of $783.54 million. Primerica had a return on equity of 31.11% and a net margin of 15.14%. The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $3.91 EPS. As a group, equities analysts predict that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 22nd. Primerica's payout ratio is 27.98%.

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.