Rs Investment Management Co buys $65,084,579 stake in Primerica (PRI)

Primerica (PRI) : Rs Investment Management Co scooped up 237,260 additional shares in Primerica during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,247,548 shares of Primerica which is valued at $65,084,579.Primerica makes up approximately 0.64% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , British Airways Pensions Investment Management Ltd added PRI to its portfolio by purchasing 271,021 company shares during the most recent quarter which is valued at $14,139,166. Primerica makes up approx 0.42% of British Airways Pensions Investment Management Ltd’s portfolio. Id Management As added PRI to its portfolio by purchasing 990 company shares during the most recent quarter which is valued at $56,301. Primerica makes up approx 0.02% of Id Management As’s portfolio.Foundry Partners boosted its stake in PRI in the latest quarter, The investment management firm added 2,025 additional shares and now holds a total of 8,090 shares of Primerica which is valued at $469,139. Primerica makes up approx 0.04% of Foundry Partners’s portfolio.

Primerica closed down -0.38 points or -0.73% at $51.51 with 5,62,776 shares getting traded on Friday. Post opening the session at $51.89, the shares hit an intraday low of $51.49 and an intraday high of $52.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Primerica reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.91. The company had revenue of $363.00 million for the quarter, compared to analysts expectations of $360.50 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Primerica. Primerica was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 12, 2016.

Primerica Inc. is a distributor of financial products and focuses on term life insurance which it underwrites and mutual funds annuities and other financial products which it distributes primarily on behalf of third parties. The Company operates through the Term Life Insurance Investment and Savings Products as well as Corporate and Other Distributed Products operating segments to organize evaluate and manage its business. 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. The Investment and Savings Products segment includes mutual funds managed investments and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds. The Company also has a Corporate and Other Distributed Products segment which consists primarily of revenues and expenses related to the distribution of non-core products.

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