Comerica Bank trimmed its position in Primerica, Inc. (NYSE:PRI) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,146 shares of the financial services provider’s stock after selling 1,439 shares during the quarter. Comerica Bank owned about 0.08% of Primerica worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Aperio Group LLC lifted its stake in shares of Primerica by 1.6% in the second quarter. Aperio Group LLC now owns 28,498 shares of the financial services provider’s stock worth $2,838,000 after buying an additional 461 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Primerica by 8.4% in the first quarter. Blair William & Co. IL now owns 7,411 shares of the financial services provider’s stock worth $716,000 after buying an additional 576 shares during the last quarter. Dorsey Wright & Associates lifted its stake in shares of Primerica by 2.3% in the first quarter. Dorsey Wright & Associates now owns 28,172 shares of the financial services provider’s stock worth $2,721,000 after buying an additional 620 shares during the last quarter. GWM Advisors LLC lifted its stake in shares of Primerica by 4.2% in the second quarter. GWM Advisors LLC now owns 16,009 shares of the financial services provider’s stock worth $1,618,000 after buying an additional 645 shares during the last quarter. Finally, Koch Industries Inc. lifted its stake in shares of Primerica by 16.3% in the first quarter. Koch Industries Inc. now owns 4,723 shares of the financial services provider’s stock worth $456,000 after buying an additional 662 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Primerica from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Saturday, August 11th. SunTrust Banks upped their target price on shares of Primerica to $118.00 and gave the company a “hold” rating in a research note on Monday, July 30th. ValuEngine upgraded shares of Primerica from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $112.00 target price on shares of Primerica in a research note on Thursday, July 19th. Finally, Wells Fargo & Co set a $102.00 target price on shares of Primerica and gave the company a “hold” rating in a research note on Tuesday, May 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Primerica has a consensus rating of “Hold” and a consensus price target of $116.00.

NYSE:PRI opened at $118.30 on Friday. The firm has a market cap of $5.07 billion, a P/E ratio of 21.43 and a beta of 1.20. Primerica, Inc. has a one year low of $71.60 and a one year high of $120.30.

Primerica (NYSE:PRI) last released its earnings results on Tuesday, August 7th. The financial services provider reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.12. The firm had revenue of $467.82 million during the quarter, compared to analysts’ expectations of $466.82 million. Primerica had a net margin of 21.55% and a return on equity of 21.07%. During the same period in the prior year, the company earned $1.36 EPS. equities analysts predict that Primerica, Inc. will post 7.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, August 20th. Primerica’s payout ratio is currently 18.12%.

In related news, insider William A. Kelly sold 1,250 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $118.23, for a total transaction of $147,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory C. Pitts sold 3,000 shares of the company’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $105.04, for a total transaction of $315,120.00. Following the transaction, the vice president now owns 15,058 shares of the company’s stock, valued at $1,581,692.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,500 shares of company stock valued at $593,383. Corporate insiders own 0.89% of the company’s stock.

Primerica Profile

Primerica, Inc, together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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