Advisor Group Holdings Inc. Buys 426 Shares of Primerica, Inc. (NYSE:PRI)

Advisor Group Holdings Inc. boosted its position in Primerica, Inc. (NYSE:PRI) by 12.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,746 shares of the financial services provider’s stock after purchasing an additional 426 shares during the period. Advisor Group Holdings Inc.’s holdings in Primerica were worth $573,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brave Warrior Advisors LLC increased its position in shares of Primerica by 13.1% during the first quarter. Brave Warrior Advisors LLC now owns 1,888,591 shares of the financial services provider’s stock valued at $279,171,000 after acquiring an additional 218,581 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Primerica by 4.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,010,533 shares of the financial services provider’s stock valued at $592,841,000 after buying an additional 166,973 shares during the period. AGF Investments Inc. lifted its position in shares of Primerica by 27.7% in the 1st quarter. AGF Investments Inc. now owns 526,811 shares of the financial services provider’s stock worth $77,873,000 after purchasing an additional 114,296 shares during the period. BlackRock Inc. raised its stake in shares of Primerica by 3.0% during the 1st quarter. BlackRock Inc. now owns 3,503,909 shares of the financial services provider’s stock worth $517,947,000 after acquiring an additional 100,932 shares in the last quarter. Finally, NFJ Investment Group LLC acquired a new position in Primerica during the 1st quarter valued at approximately $7,678,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

In other Primerica news, President Peter W. Schneider sold 3,500 shares of the business’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $152.54, for a total value of $533,890.00. Following the transaction, the president now owns 22,672 shares of the company’s stock, valued at $3,458,386.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Alison S. Rand sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $152.20, for a total value of $228,300.00. Following the completion of the sale, the chief financial officer now owns 13,347 shares of the company’s stock, valued at approximately $2,031,413.40. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

A number of brokerages recently issued reports on PRI. William Blair reissued an “outperform” rating on shares of Primerica in a report on Monday. lifted their price target on shares of Primerica from $140.00 to $144.00 and gave the company a “sell” rating in a research report on Monday, June 21st. Finally, Zacks Investment Research upgraded shares of Primerica from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research report on Saturday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Primerica currently has an average rating of “Buy” and an average target price of $166.00.

Shares of NYSE:PRI opened at $142.79 on Tuesday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 12.97 and a beta of 1.48. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $148.56 and a two-hundred day moving average of $152.89. Primerica, Inc. has a 52-week low of $107.63 and a 52-week high of $165.35.

Primerica (NYSE:PRI) last posted its earnings results on Thursday, August 5th. The financial services provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.37. The company had revenue of $654.16 million for the quarter, compared to analysts’ expectations of $617.60 million. Primerica had a return on equity of 23.32% and a net margin of 17.82%. On average, equities analysts anticipate that Primerica, Inc. will post 11.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 14th. Investors of record on Friday, August 20th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.32%. Primerica’s dividend payout ratio (DPR) is 19.38%.

About Primerica

Primerica, Inc engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies.

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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