Primerica, Inc. (NYSE:PRI) Shares Sold by Securian Asset Management Inc

Securian Asset Management Inc cut its position in Primerica, Inc. (NYSE:PRI) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,624 shares of the financial services provider’s stock after selling 101 shares during the period. Securian Asset Management Inc’s holdings in Primerica were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Primerica by 4.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,010,533 shares of the financial services provider’s stock worth $592,841,000 after acquiring an additional 166,973 shares during the last quarter. BlackRock Inc. boosted its stake in Primerica by 3.0% during the first quarter. BlackRock Inc. now owns 3,503,909 shares of the financial services provider’s stock worth $517,947,000 after buying an additional 100,932 shares during the last quarter. Brave Warrior Advisors LLC boosted its stake in 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 worth $279,171,000 after buying an additional 218,581 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Primerica by 0.3% during the first quarter. Burgundy Asset Management Ltd. now owns 1,210,294 shares of the financial services provider’s stock worth $178,906,000 after buying an additional 4,178 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Primerica by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 766,120 shares of the financial services provider’s stock worth $113,252,000 after buying an additional 7,222 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PRI opened at $149.25 on Friday. Primerica, Inc. has a 52 week low of $107.63 and a 52 week high of $165.35. 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 market capitalization of $5.89 billion, a P/E ratio of 13.56 and a beta of 1.48. The stock’s fifty day moving average is $148.66 and its two-hundred day moving average is $152.78.

Primerica (NYSE:PRI) last posted its quarterly earnings data on Thursday, August 5th. The financial services provider reported $3.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.88 by $0.37. The firm had revenue of $654.16 million for the quarter, compared to the consensus estimate of $617.60 million. Primerica had a return on equity of 23.32% and a net margin of 17.82%. Sell-side analysts anticipate that Primerica, Inc. will post 11.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 14th. Investors of record on Friday, August 20th were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $1.88 annualized dividend and a dividend yield of 1.26%. Primerica’s dividend payout ratio is presently 19.38%.

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

A number of equities analysts have weighed in on PRI shares. boosted their price objective on Primerica from $140.00 to $144.00 and gave the stock a “sell” rating in a research note on Monday, June 21st. Zacks Investment Research raised Primerica from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Saturday.

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.

Recommended Story: What are the advantages of the Stochastic Momentum Index?

Want to see what other hedge funds are holding PRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Primerica, Inc. (NYSE:PRI).

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

Receive News & Ratings for Primerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primerica and related companies with MarketBeat.com's FREE daily email newsletter.