OxFORD Asset Management LLP Purchases Shares of 7,481 Primerica, Inc. (NYSE:PRI)

OxFORD Asset Management LLP acquired a new stake in Primerica, Inc. (NYSE:PRI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 7,481 shares of the financial services provider’s stock, valued at approximately $567,000.

Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Primerica by 13.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the financial services provider’s stock worth $158,000 after buying an additional 242 shares in the last quarter. Riverhead Capital Management LLC grew its position in Primerica by 68.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,530 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 1,030 shares during the last quarter. Independent Portfolio Consultants Inc. bought a new stake in Primerica during the 2nd quarter worth $211,000. World Asset Management Inc grew its position in Primerica by 0.6% during the 2nd quarter. World Asset Management Inc now owns 2,856 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 18 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in Primerica by 1.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,669 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 69 shares during the last quarter. 94.71% of the stock is owned by institutional investors.

In related news, VP Alison S. Rand sold 2,000 shares of the business’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 transaction, the vice president now directly owns 35,385 shares in the company, valued at $2,706,952.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Peter W. Schneider sold 1,301 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $76.92, for a total transaction of $100,072.92. Following the transaction, the president now owns 28,138 shares in the company, valued at $2,164,374.96. The disclosure for this sale can be found here. Insiders have sold 6,301 shares of company stock worth $495,113 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “OxFORD Asset Management LLP Purchases Shares of 7,481 Primerica, Inc. (NYSE:PRI)” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/27/oxford-asset-management-llp-acquires-new-stake-in-primerica-inc-pri.html.

Primerica, Inc. (NYSE:PRI) opened at 87.10 on Friday. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.74 and a beta of 1.17. The stock has a 50 day moving average price of $81.36 and a 200-day moving average price of $79.12. Primerica, Inc. has a 12-month low of $52.75 and a 12-month high of $89.60.

Primerica (NYSE:PRI) last announced its earnings results on Tuesday, August 8th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The business had revenue of $413.70 million for the quarter, compared to analyst estimates of $410.97 million. Primerica had a net margin of 14.41% and a return on equity of 18.48%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 earnings per share. Equities analysts predict that Primerica, Inc. will post $5.22 EPS for the current fiscal year.

Several brokerages recently commented on PRI. BidaskClub raised Primerica from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Wells Fargo & Company reaffirmed a “hold” rating on shares of Primerica in a research note on Tuesday, August 8th. SunTrust Banks, Inc. downgraded Primerica from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $87.00 price objective on shares of Primerica in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded Primerica from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $88.50.

Primerica Profile

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)

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

Leave a Reply