Shares of Primerica (PRI) Sees Large Outflow of Money

Primerica (PRI): The stock had negative money flow to the tune of ($3.24 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $5.09 million, whereas, the outflow of money on downticks was $8.34 million and the ratio between the two was 0.61. The block trade had a negative net money flow of ($3.55 million). On the other hand, downticks amounted to $3.55 million of the traded value, which shows distribution in the stock by traders. Primerica (PRI) closed with marginal gains of 24 cents to end the day at $57.59, an increase of 0.42% over the previous days close. The stock recorded 0.82% for the week.


Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods downgrades its rating on Primerica (NYSE:PRI). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods raises the price target from $58 per share to $60 per share. The rating by the firm was issued on July 13, 2016.

Shares of Primerica, Inc. rose by 3.23% in the last five trading days and 14.21% for the last 4 weeks. Primerica, Inc. is up 1.9% in the last 3-month period. Year-to-Date the stock performance stands at 23.24%.

Primerica (NYSE:PRI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.46 and $57.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.59, notching a gain of 0.42% for the day. The total traded volume was 474,837 . The stock had closed at $57.35 on the previous day.

In a related news, Fendler Jeffrey S., officer (Executive Vice President) of Primerica, Inc., unloaded 1,000 shares at an average price of $56.02 on August 12, 2016. The total amount of the transaction was worth $56,020, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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