Primerica, Inc. (PRI): William A. Kelly , President of Subsidiary of Primerica, Inc. sold 1,500 shares on Jun 24, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $55.00 per share for a total value of $82,493.40 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Gregory C. Pitts (Executive VP and COO) sold 2,500 shares at $58.07 per share price.On May 24, 2016, Jeffrey S. Fendler (Executive Vice President) sold 5,000 shares at $53.21 per share price.Also, On Nov 27, 2015, Donald R. Williams (director) sold 28,239 shares at $49.74 per share price.On Nov 19, 2015, John A. Jr. Addison (director) sold 22,276 shares at $50.15 per share price.
Shares of Primerica (PRI) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -4.22 points or -7.25% at $53.96 with 16,94,405 shares getting traded. Post opening the session at $55.19, the shares hit an intraday low of $53.93 and an intraday high of $56.07 and the price vacillated in this range throughout the day. The company has a market cap of $2,539 M and the number of outstanding shares has been calculated to be 4,70,45,782 shares. The 52-week high of Primerica is $58.81 and the 52-week low is $37.09.
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.