Royal London Asset Management Ltd. boosted its holdings in Primerica, Inc. (NYSE:PRI) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,607 shares of the financial services provider’s stock after buying an additional 13,027 shares during the period. Royal London Asset Management Ltd. owned approximately 0.33% of Primerica worth $16,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in Primerica by 176.8% in the 1st quarter. Advisory Services Network LLC now owns 263 shares of the financial services provider’s stock valued at $32,000 after buying an additional 168 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in Primerica by 50.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 300 shares of the financial services provider’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Primerica by 1,389.7% in the 1st quarter. Quadrant Capital Group LLC now owns 432 shares of the financial services provider’s stock valued at $51,000 after buying an additional 403 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Primerica in the 2nd quarter valued at approximately $80,000. Finally, Quantamental Technologies LLC grew its stake in Primerica by 4,705.9% in the 1st quarter. Quantamental Technologies LLC now owns 817 shares of the financial services provider’s stock valued at $100,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

In related news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $121.84, for a total value of $365,520.00. Following the completion of the transaction, the chief executive officer now directly owns 72,620 shares in the company, valued at $8,848,020.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Peter W. Schneider sold 2,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $115.02, for a total transaction of $230,040.00. Following the completion of the transaction, the president now owns 32,790 shares of the company’s stock, valued at $3,771,505.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $834,940 over the last 90 days. Company insiders own 0.84% of the company’s stock.

PRI has been the subject of a number of recent analyst reports. Citigroup set a $108.00 price target on shares of Primerica and gave the company a “sell” rating in a research report on Thursday, May 23rd. Zacks Investment Research upgraded shares of Primerica from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a research report on Tuesday.

Shares of PRI traded up $2.54 during mid-day trading on Tuesday, reaching $113.18. 71,089 shares of the stock traded hands, compared to its average volume of 218,259. The business has a fifty day simple moving average of $121.05. The firm has a market cap of $4.68 billion, a P/E ratio of 15.44 and a beta of 1.39. The company has a current ratio of 0.55, a quick ratio of 0.57 and a debt-to-equity ratio of 0.04. Primerica, Inc. has a 1 year low of $90.28 and a 1 year high of $132.17.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.07. The firm had revenue of $504.90 million during the quarter, compared to analyst estimates of $503.84 million. Primerica had a net margin of 17.66% and a return on equity of 22.77%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 EPS. Equities analysts anticipate that Primerica, Inc. will post 8.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.20%. Primerica’s dividend payout ratio (DPR) is currently 18.55%.

Primerica Profile

Primerica, Inc, together with its subsidiaries, provides 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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