Macquarie Group Ltd. boosted its stake in shares of Primerica, Inc. (NYSE:PRI) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 532,975 shares of the financial services provider’s stock after purchasing an additional 41,870 shares during the period. Macquarie Group Ltd.’s holdings in Primerica were worth $53,084,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in Primerica by 4.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,767,799 shares of the financial services provider’s stock valued at $363,971,000 after purchasing an additional 147,816 shares during the last quarter. Cantillon Capital Management LLC boosted its position in Primerica by 10.3% during the second quarter. Cantillon Capital Management LLC now owns 1,006,041 shares of the financial services provider’s stock valued at $100,202,000 after purchasing an additional 94,295 shares during the last quarter. Wells Fargo & Company MN boosted its position in Primerica by 2.3% during the first quarter. Wells Fargo & Company MN now owns 838,510 shares of the financial services provider’s stock valued at $81,000,000 after purchasing an additional 19,142 shares during the last quarter. Victory Capital Management Inc. boosted its position in Primerica by 7.0% during the second quarter. Victory Capital Management Inc. now owns 836,026 shares of the financial services provider’s stock valued at $83,268,000 after purchasing an additional 54,363 shares during the last quarter. Finally, AGF Investments Inc. boosted its position in Primerica by 3.3% during the second quarter. AGF Investments Inc. now owns 678,117 shares of the financial services provider’s stock valued at $67,540,000 after purchasing an additional 21,920 shares during the last quarter. 89.27% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Gregory C. Pitts sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $105.04, for a total value of $315,120.00. Following the completion of the sale, the vice president now directly owns 15,058 shares of the company’s stock, valued at $1,581,692.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William A. Kelly sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $118.23, for a total value of $147,787.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,260 shares of company stock valued at $1,901,138. Insiders own 0.89% of the company’s stock.

Several brokerages recently commented on PRI. Zacks Investment Research raised Primerica from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Saturday, August 11th. SunTrust Banks raised their price objective on Primerica to $118.00 and gave the company a “hold” rating in a research report on Monday, July 30th. ValuEngine raised Primerica from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $112.00 price objective on shares of Primerica in a research report on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $116.00.

PRI opened at $125.25 on Friday. Primerica, Inc. has a 12-month low of $74.15 and a 12-month high of $126.20. The company has a market capitalization of $5.40 billion, a PE ratio of 22.69 and a beta of 1.15.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Tuesday, August 21st will be given a $0.25 dividend. The ex-dividend date is Monday, August 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. Primerica’s payout ratio is 18.12%.

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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