Quantum Capital Management LLC NJ Has $15.67 Million Holdings in Primerica, Inc. (PRI)

Quantum Capital Management LLC NJ raised its stake in shares of Primerica, Inc. (NYSE:PRI) by 24.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 192,124 shares of the financial services provider’s stock after acquiring an additional 38,009 shares during the period. Primerica makes up 1.6% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 16th biggest holding. Quantum Capital Management LLC NJ owned 0.43% of Primerica worth $15,668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of PRI. Teachers Advisors LLC raised its stake in Primerica by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 84,661 shares of the financial services provider’s stock valued at $6,959,000 after acquiring an additional 2,239 shares during the last quarter. Capstone Asset Management Co. raised its stake in Primerica by 3.6% during the 2nd quarter. Capstone Asset Management Co. now owns 5,803 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 200 shares during the last quarter. Bank of Montreal Can raised its stake in Primerica by 18.1% during the 2nd quarter. Bank of Montreal Can now owns 7,885 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 1,209 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Primerica by 4.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,010 shares of the financial services provider’s stock valued at $1,289,000 after acquiring an additional 733 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Primerica by 11.3% during the 2nd quarter. LS Investment Advisors LLC now owns 4,553 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 462 shares during the last quarter. 94.71% of the stock is owned by hedge funds and other institutional investors.

Primerica, Inc. (NYSE PRI) traded up $0.10 during midday trading on Friday, reaching $98.95. The company’s stock had a trading volume of 92,903 shares, compared to its average volume of 283,325. Primerica, Inc. has a 52 week low of $68.60 and a 52 week high of $100.65. The firm has a market cap of $4,380.00, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, November 16th. Primerica’s payout ratio is 15.50%.

In other Primerica news, VP Gregory C. Pitts sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $92.40, for a total transaction of $462,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Peter W. Schneider sold 1,301 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $76.92, for a total value of $100,072.92. Following the transaction, the president now owns 28,138 shares in the company, valued at approximately $2,164,374.96. The disclosure for this sale can be found here. Insiders have sold a total of 8,301 shares of company stock worth $715,073 in the last quarter. 0.86% of the stock is currently owned by insiders.

Several analysts have commented on the company. Wells Fargo & Company reaffirmed a “hold” rating on shares of Primerica in a research note on Tuesday, August 8th. BidaskClub downgraded Primerica from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $87.00 price objective on shares of Primerica in a research note on Monday, October 16th. 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. Finally, Zacks Investment Research downgraded Primerica from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Primerica presently has an average rating of “Hold” and a consensus price target of $90.50.

WARNING: “Quantum Capital Management LLC NJ Has $15.67 Million Holdings in Primerica, Inc. (PRI)” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://transcriptdaily.com/2017/11/26/quantum-capital-management-llc-nj-has-15-67-million-holdings-in-primerica-inc-pri.html.

Primerica Company 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