Quantum Capital Management Nj buys $25.5 Million stake in Primerica (PRI)

Primerica (PRI) : Quantum Capital Management Nj scooped up 108,180 additional shares in Primerica during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 500,658 shares of Primerica which is valued at $25.5 Million.Primerica makes up approximately 7.50% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Walthausen reduced its stake in PRI by selling 34,869 shares or 9.18% in the most recent quarter. The Hedge Fund company now holds 344,980 shares of PRI which is valued at $17.6 Million. Primerica makes up approx 1.83% of Walthausen’s portfolio.Blackrock Group Ltd boosted its stake in PRI in the latest quarter, The investment management firm added 19,683 additional shares and now holds a total of 48,512 shares of Primerica which is valued at $2.5 Million.State Treasurer State Of Michigan boosted its stake in PRI in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 19,200 shares of Primerica which is valued at $966,144. Primerica makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio. Kalos Management sold out all of its stake in PRI during the most recent quarter. The investment firm sold 1,511 shares of PRI which is valued $76,034.First Mercantile Trust Co reduced its stake in PRI by selling 9,200 shares or 73.95% in the most recent quarter. The Hedge Fund company now holds 3,240 shares of PRI which is valued at $160,574. Primerica makes up approx 0.02% of First Mercantile Trust Co’s portfolio.

Primerica opened for trading at $52.56 and hit $53.38 on the upside on Friday, eventually ending the session at $52.59, with a gain of 0.44% or 0.23 points. The heightened volatility saw the trading volume jump to 2,63,214 shares. Company has a market cap of $2,474 M.

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.

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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