Two Sigma Investments LP Increases Holdings in Primerica, Inc. (NYSE:PRI)

Two Sigma Investments LP raised its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 72.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,202 shares of the financial services provider's stock after buying an additional 9,301 shares during the quarter. Two Sigma Investments LP owned about 0.07% of Primerica worth $6,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRI. Barclays PLC grew 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 worth $5,428,000 after buying an additional 10,635 shares in the last quarter. Mutual Advisors LLC grew its position in Primerica by 10.8% during the 4th quarter. Mutual Advisors LLC now owns 1,394 shares of the financial services provider's stock worth $402,000 after acquiring an additional 136 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Primerica by 3.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,959 shares of the financial services provider's stock worth $803,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. grew its position in Primerica by 44.7% during the 4th quarter. Blue Trust Inc. now owns 965 shares of the financial services provider's stock worth $256,000 after acquiring an additional 298 shares during the last quarter. Finally, KBC Group NV grew its position in Primerica by 51.9% during the 4th quarter. KBC Group NV now owns 1,329 shares of the financial services provider's stock worth $361,000 after acquiring an additional 454 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Primerica Price Performance

Primerica stock traded up $0.77 during mid-day trading on Friday, reaching $270.54. 159,569 shares of the stock traded hands, compared to its average volume of 156,632. The stock has a market capitalization of $8.95 billion, a PE ratio of 19.68 and a beta of 1.02. Primerica, Inc. has a 12-month low of $219.52 and a 12-month high of $307.91. The business's 50-day moving average is $266.12 and its 200-day moving average is $278.84.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.25. Primerica had a net margin of 15.14% and a return on equity of 31.11%. The firm had revenue of $803.56 million for the quarter, compared to analysts' expectations of $783.54 million. During the same quarter in the prior year, the business earned $3.91 EPS. The business's quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts anticipate that Primerica, Inc. will post 20.6 EPS for the current fiscal 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 paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, May 22nd. Primerica's dividend payout ratio (DPR) is presently 27.98%.

Insider Transactions at Primerica

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

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.