Primerica, Inc. (NYSE:PRI) Shares Acquired by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. increased its stake in Primerica, Inc. (NYSE:PRI) by 50.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 300 shares of the financial services provider’s stock after buying an additional 100 shares during the period. TCI Wealth Advisors Inc.’s holdings in Primerica were worth $36,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Primerica by 176.8% in the first quarter. Advisory Services Network LLC now owns 263 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 168 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Primerica by 1,389.7% in the first quarter. Quadrant Capital Group LLC now owns 432 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 403 shares during the last quarter. Quantamental Technologies LLC boosted its position in shares of Primerica by 4,705.9% in the first quarter. Quantamental Technologies LLC now owns 817 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 800 shares during the last quarter. NumerixS Investment Technologies Inc raised its holdings in Primerica by 100.0% in the first quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the financial services provider’s stock valued at $122,000 after buying an additional 500 shares during the period. Finally, Full Sail Capital LLC purchased a new position in Primerica in the first quarter valued at approximately $212,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

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

NYSE PRI traded down $1.25 during mid-day trading on Friday, hitting $117.24. The company’s stock had a trading volume of 146,657 shares, compared to its average volume of 206,359. Primerica, Inc. has a 52-week low of $90.28 and a 52-week high of $132.17. The company has a fifty day moving average price of $122.49. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.04. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 15.99 and a beta of 1.39.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.03. Primerica had a net margin of 17.44% and a return on equity of 22.89%. The firm had revenue of $494.99 million for the quarter, compared to analyst estimates of $498.57 million. During the same quarter last year, the firm posted $1.47 earnings per share. Primerica’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts anticipate that Primerica, Inc. will post 8.13 earnings per share for the current year.

Separately, Citigroup set a $108.00 price target on shares of Primerica and gave the company a “sell” rating in a report on Thursday, May 23rd.

Primerica Company 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.

See Also: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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