AHL Partners LLP Cuts Position in Primerica, Inc. (PRI)

AHL Partners LLP trimmed its position in shares of Primerica, Inc. (NYSE:PRI) by 37.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 52,092 shares of the financial services provider’s stock after selling 31,190 shares during the quarter. AHL Partners LLP owned about 0.12% of Primerica worth $3,946,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Primerica by 22,346.4% during the 1st quarter. BlackRock Inc. now owns 4,448,197 shares of the financial services provider’s stock valued at $365,642,000 after buying an additional 4,428,380 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Primerica by 142.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 858,611 shares of the financial services provider’s stock valued at $70,578,000 after buying an additional 503,786 shares in the last quarter. Vanguard Group Inc. grew its holdings in Primerica by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 5,071,986 shares of the financial services provider’s stock valued at $416,917,000 after buying an additional 307,797 shares in the last quarter. FMR LLC grew its holdings in shares of Primerica by 10.7% in the first quarter. FMR LLC now owns 1,752,471 shares of the financial services provider’s stock valued at $144,053,000 after purchasing an additional 169,689 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Primerica by 19.2% in the second quarter. Voya Investment Management LLC now owns 548,220 shares of the financial services provider’s stock valued at $41,528,000 after purchasing an additional 88,376 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

PRI has been the subject of several recent analyst reports. BidaskClub lowered shares of Primerica from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded Primerica from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $83.00 target price on shares of Primerica in a research report on Friday, June 23rd. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Primerica in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Primerica presently has a consensus rating of “Hold” and an average price target of $88.50.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Primerica had a return on equity of 18.48% and a net margin of 14.41%. The business had revenue of $413.70 million during the quarter, compared to analyst estimates of $410.97 million. During the same period last year, the company earned $1.23 earnings per share. Primerica’s quarterly revenue was up 9.2% compared to the same quarter last year.

In other Primerica news, VP Alison S. Rand sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $76.50, for a total transaction of $153,000.00. Following the completion of the transaction, the vice president now owns 35,385 shares in the company, valued at $2,706,952.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $80.68, for a total transaction of $242,040.00. Following the transaction, the chief executive officer now owns 77,895 shares of the company’s stock, valued at approximately $6,284,568.60. The disclosure for this sale can be found here. Insiders have sold 6,301 shares of company stock worth $495,113 over the last three months. Company insiders own 0.86% of the company’s stock.

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About Primerica

Primerica Inc (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. 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.

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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