Primerica, Inc. (PRI): William A. Kelly , President of Subsidiary of Primerica, Inc. sold 1,500 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $57.11 per share for a total value of $85,666.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Joel M. Babbit (director) sold 1,406 shares at $57.31 per share price.On Sep 2, 2016, Alison S. Rand (Executive VP and CFO) sold 2,000 shares at $57.44 per share price.Also, On Aug 15, 2016, Jeffrey S. Fendler (Executive Vice President) sold 1,000 shares at $56.02 per share price.On Aug 3, 2016, Michael C. Adams (Executive Vice President) sold 2,500 shares at $51.99 per share price.
Primerica: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Primerica which led to swings in the share price. The shares opened for trading at $57.38 and hit $57.97 on the upside , eventually ending the session at $57.43, with a gain of 0.49% or 0.28 points. The heightened volatility saw the trading volume jump to 2,43,577 shares. The 52-week high of the share price is $59.34 and the company has a market cap of $2,669 M . The 52-week low of the share price is at $37.09.
Company has been under the radar of several Street Analysts.Primerica is Initiated by Wells Fargo to Market Perform. The Rating was issued on Sep 23, 2016.Primerica is Downgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued 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.