New York State Common Retirement Fund raised its holdings in shares of Primerica, Inc. (NYSE:PRI) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,034 shares of the financial services provider’s stock after acquiring an additional 1,768 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of Primerica worth $5,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in Primerica by 85.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 49,541 shares of the financial services provider’s stock worth $3,753,000 after acquiring an additional 22,894 shares in the last quarter. Strs Ohio grew its holdings in shares of Primerica by 5.7% during the second quarter. Strs Ohio now owns 7,400 shares of the financial services provider’s stock worth $560,000 after buying an additional 400 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Primerica by 67.9% during the second quarter. SG Americas Securities LLC now owns 13,736 shares of the financial services provider’s stock worth $1,041,000 after buying an additional 5,556 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Primerica by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 1,105,499 shares of the financial services provider’s stock worth $83,741,000 after buying an additional 9,363 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Primerica by 7.5% in the second quarter. Legal & General Group Plc now owns 49,482 shares of the financial services provider’s stock valued at $3,748,000 after purchasing an additional 3,458 shares during the period. Hedge funds and other institutional investors own 95.89% of the company’s stock.

A number of brokerages recently issued reports on PRI. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $87.00 price objective on shares of Primerica in a report on Monday, October 16th. Zacks Investment Research raised shares of Primerica from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Wednesday, October 11th. Finally, SunTrust Banks cut shares of Primerica from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $90.50.

In related news, VP Gregory C. Pitts sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $92.40, for a total value of $462,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Shares of Primerica, Inc. (NYSE PRI) opened at $103.40 on Monday. The stock has a market cap of $4,559.76, a PE ratio of 20.12, a PEG ratio of 1.92 and a beta of 1.24. Primerica, Inc. has a 1 year low of $68.90 and a 1 year high of $106.40.

Primerica (NYSE:PRI) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.09. The business had revenue of $427.30 million for the quarter, compared to analysts’ expectations of $425.83 million. Primerica had a net margin of 14.55% and a return on equity of 18.94%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. research analysts anticipate that Primerica, Inc. will post 5.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.80 annualized dividend and a yield of 0.77%. Primerica’s dividend payout ratio (DPR) is 15.56%.

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Primerica Profile

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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