10,072 Shares in Primerica Inc. (PRI) Acquired by Emerald Acquisition Ltd.
Emerald Acquisition Ltd. purchased a new stake in Primerica Inc. (NYSE:PRI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,072 shares of the company’s stock, valued at approximately $577,000.
A number of other large investors have also recently modified their holdings of PRI. British Airways Pensions Investment Management Ltd purchased a new stake in shares of Primerica during the second quarter valued at $15,575,000. RS Investment Management Co. LLC boosted its stake in shares of Primerica by 23.5% in the second quarter. RS Investment Management Co. LLC now owns 1,247,548 shares of the company’s stock valued at $71,410,000 after buying an additional 237,260 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Primerica by 68.3% in the first quarter. BlackRock Group LTD now owns 48,512 shares of the company’s stock valued at $2,161,000 after buying an additional 19,683 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Primerica by 11.1% in the first quarter. Aperio Group LLC now owns 26,134 shares of the company’s stock valued at $1,164,000 after buying an additional 2,602 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Primerica by 4.2% in the second quarter. Huntington National Bank now owns 2,969 shares of the company’s stock valued at $170,000 after buying an additional 119 shares during the last quarter.
Shares of Primerica Inc. (NYSE:PRI) traded down 1.25% on Monday, hitting $55.30. The stock had a trading volume of 39,468 shares. The company has a market cap of $2.57 billion, a P/E ratio of 13.50 and a beta of 0.93. The company’s 50 day moving average price is $55.70 and its 200-day moving average price is $53.48. Primerica Inc. has a 12 month low of $37.09 and a 12 month high of $59.34.
Primerica (NYSE:PRI) last released its quarterly earnings data on Monday, August 8th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.06 by $0.13. The company had revenue of $379.24 million for the quarter, compared to the consensus estimate of $370.76 million. Primerica had a return on equity of 17.32% and a net margin of 13.90%. Primerica’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, analysts expect that Primerica Inc. will post $4.41 earnings per share for the current year.
Several equities research analysts recently weighed in on PRI shares. Wells Fargo & Co. started coverage on Primerica in a research note on Thursday, September 22nd. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded Primerica from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Finally, Keefe, Bruyette & Woods downgraded Primerica from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Primerica presently has a consensus rating of “Hold” and a consensus target price of $61.50.
In other Primerica news, insider William A. Kelly sold 1,500 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $52.93, for a total transaction of $79,395.00. Following the transaction, the insider now directly owns 26,630 shares in the company, valued at approximately $1,409,525.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael C. Adams sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $51.99, for a total value of $129,975.00. Following the transaction, the insider now owns 40,589 shares in the company, valued at $2,110,222.11. The disclosure for this sale can be found here. Company insiders own 1.24% of the company’s stock.
Primerica Company Profile
Primerica Inc (Primerica) distributes financial products to middle-income households. The Company operates through three segments. 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.
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