Cantillon Capital Management LLC Reduces Position in Primerica, Inc. (NYSE:PRI)

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Cantillon Capital Management LLC trimmed its holdings in shares of Primerica, Inc. (NYSE:PRI) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 923,022 shares of the financial services provider’s stock after selling 17,743 shares during the quarter. Cantillon Capital Management LLC owned 2.18% of Primerica worth $110,716,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in Primerica by 1.2% in the first quarter. Nisa Investment Advisors LLC now owns 8,280 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 100 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in Primerica by 50.0% in the second quarter. TCI Wealth Advisors Inc. now owns 300 shares of the financial services provider’s stock valued at $36,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC increased its holdings in Primerica by 0.7% in the first quarter. Mason Street Advisors LLC now owns 22,644 shares of the financial services provider’s stock valued at $2,766,000 after buying an additional 153 shares during the last quarter. Arizona State Retirement System increased its holdings in Primerica by 0.5% in the second quarter. Arizona State Retirement System now owns 30,730 shares of the financial services provider’s stock valued at $3,686,000 after buying an additional 153 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in Primerica by 176.8% in the first quarter. Advisory Services Network LLC now owns 263 shares of the financial services provider’s stock valued at $32,000 after buying an additional 168 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Primerica stock opened at $113.24 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 15.45 and a beta of 1.39. Primerica, Inc. has a fifty-two week low of $90.28 and a fifty-two week high of $132.17. The company has a 50-day moving average price of $122.01.

Primerica (NYSE:PRI) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.03. Primerica had a return on equity of 22.89% and a net margin of 17.44%. The firm had revenue of $494.99 million during the quarter, compared to analyst estimates of $498.57 million. During the same period in the previous year, the company earned $1.47 earnings per share. Primerica’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Primerica, Inc. will post 8.13 EPS for the current year.

In other Primerica news, President Peter W. Schneider sold 2,000 shares of Primerica stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $115.02, for a total value of $230,040.00. Following the completion of the transaction, the president now directly owns 32,790 shares in the company, valued at $3,771,505.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn J. Williams sold 3,000 shares of Primerica stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $121.84, for a total value of $365,520.00. Following the completion of the transaction, the chief executive officer now owns 72,620 shares of the company’s stock, valued at $8,848,020.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,000 shares of company stock valued at $834,940. 0.84% of the stock is currently owned by insiders.

Separately, Citigroup set a $108.00 price objective on Primerica and gave the company a “sell” rating in a report on Thursday, May 23rd.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.

See Also: Market Capitalization in the Stock Market

Institutional Ownership by Quarter for Primerica (NYSE:PRI)

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