Two Sigma Securities LLC Makes New $391,000 Investment in Primerica, Inc. (NYSE:PRI)

Two Sigma Securities LLC acquired a new position in Primerica, Inc. (NYSE:PRI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,440 shares of the financial services provider's stock, valued at approximately $391,000.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Primerica by 108.1% in the third quarter. Barclays PLC now owns 20,471 shares of the financial services provider's stock worth $5,428,000 after purchasing an additional 10,635 shares in the last quarter. Sylvest Advisors LLC purchased a new position in Primerica in the fourth quarter worth $543,000. Oak Thistle LLC increased its position in shares of Primerica by 64.9% during the 4th quarter. Oak Thistle LLC now owns 4,936 shares of the financial services provider's stock valued at $1,340,000 after purchasing an additional 1,943 shares during the last quarter. California Public Employees Retirement System grew its position in Primerica by 59.4% during the fourth quarter. California Public Employees Retirement System now owns 111,720 shares of the financial services provider's stock valued at $30,323,000 after acquiring an additional 41,612 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Primerica by 10.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 120,011 shares of the financial services provider's stock valued at $32,573,000 after purchasing an additional 11,612 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Primerica

In related news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $281.74, for a total transaction of $845,220.00. Following the transaction, the chief executive officer now owns 33,322 shares in the company, valued at $9,388,140.28. This represents a 8.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total transaction of $65,555.10. Following the completion of the sale, the insider now directly owns 200 shares of the company's stock, valued at approximately $56,030. This trade represents a 53.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,234 shares of company stock valued at $1,476,575. Corporate insiders own 0.85% of the company's stock.

Primerica Stock Down 0.7 %

Shares of PRI stock opened at $261.63 on Monday. The stock has a fifty day moving average of $273.00 and a 200 day moving average of $281.13. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 19.03 and a beta of 1.03. Primerica, Inc. has a 52 week low of $211.53 and a 52 week high of $307.91.

Primerica (NYSE:PRI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. Equities research analysts anticipate that Primerica, Inc. will post 20.6 earnings per share for the current year.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Primerica's previous quarterly dividend of $0.90. Primerica's dividend payout ratio is 30.25%.

Analysts Set New Price Targets

Several research firms have recently commented on PRI. BMO Capital Markets began coverage on Primerica in a report on Thursday, January 23rd. They issued a "market perform" rating and a $311.00 price objective on the stock. Morgan Stanley decreased their price target on Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Keefe, Bruyette & Woods dropped their price objective on Primerica from $320.00 to $315.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Primerica currently has an average rating of "Hold" and a consensus target price of $309.14.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.

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