Aurora Investment Counsel Purchases Shares of 7,737 Primerica, Inc. (PRI)

Aurora Investment Counsel bought a new position in Primerica, Inc. (NYSE:PRI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,737 shares of the financial services provider’s stock, valued at approximately $786,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mountain Capital Investment Advisors Inc bought a new stake in shares of Primerica during the second quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Primerica by 13.2% during the second 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 during the last quarter. Flinton Capital Management LLC raised its stake in shares of Primerica by 69.5% during the second quarter. Flinton Capital Management LLC now owns 2,224 shares of the financial services provider’s stock worth $169,000 after buying an additional 912 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Primerica by 68.7% during the second quarter. Riverhead Capital Management LLC now owns 2,530 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,030 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Primerica during the third quarter worth approximately $204,000. 95.89% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on PRI shares. Zacks Investment Research raised shares of Primerica from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $87.00 price target on shares of Primerica in a research note on Monday, October 16th. SunTrust Banks downgraded shares of 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. ValuEngine raised shares of Primerica from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Wells Fargo & Co restated a “market perform” rating and set a $100.00 price objective (up previously from $95.00) on shares of Primerica in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $92.40.

In other news, VP Gregory C. Pitts sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $92.40, for a total value of $462,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

Primerica, Inc. (NYSE PRI) opened at $103.90 on Friday. The stock has a market cap of $4,600.00, a P/E ratio of 20.17, a P/E/G ratio of 1.74 and a beta of 1.24. Primerica, Inc. has a 1-year low of $70.00 and a 1-year high of $106.40.

Primerica (NYSE:PRI) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.09. The firm had revenue of $427.30 million during the quarter, compared to analysts’ expectations of $425.83 million. Primerica had a net margin of 14.55% and a return on equity of 18.94%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share. equities research analysts forecast that Primerica, Inc. will post 5.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, November 16th. Primerica’s dividend payout ratio is currently 15.53%.

WARNING: “Aurora Investment Counsel Purchases Shares of 7,737 Primerica, Inc. (PRI)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/aurora-investment-counsel-purchases-shares-of-7737-primerica-inc-pri.html.

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 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.

Leave a Reply