Prospector Partners LLC Has Decreased Primerica INC (PRI) Stake by $4.27 Million as Stock Price Declined

September 19, 2017 - By reb123z

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.51, from 1.48 in 2016Q3. It dived, as 21 investors sold PRI shares while 97 reduced holdings. 41 funds opened positions while 73 raised stakes. 47.17 million shares or 10.68% less from 52.81 million shares in 2016Q3 were reported. Sei Invests has 68,804 shares. Suntrust Banks invested in 16,826 shares. Regions Financial Corporation stated it has 36,149 shares or 0.03% of all its holdings. Mason Street Limited Liability invested in 21,376 shares. Louisiana State Employees Retirement System invested in 0.04% or 11,300 shares. Great West Life Assurance Communications Can stated it has 0.01% of its portfolio in Primerica, Inc. (NYSE:PRI). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,839 shares. M&T National Bank invested in 0% or 4,158 shares. Royal Retail Bank Of Canada owns 196,418 shares. Strs Ohio holds 6,100 shares or 0% of its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd invested 0.02% of its portfolio in Primerica, Inc. (NYSE:PRI). Legal General Public Ltd Liability Corporation owns 41,620 shares. Nordea Invest Mgmt holds 0% of its portfolio in Primerica, Inc. (NYSE:PRI) for 19,327 shares. 3.34 million are held by Kayne Anderson Rudnick Investment Mgmt Ltd Limited Liability Company. 33,405 are owned by Texas Permanent School Fund.

Since April 5, 2017, it had 0 buys, and 1 sale for $205,715 activity. The insider Kelly William A. sold 2,500 shares worth $205,715.

Prospector Partners Llc decreased its stake in Primerica Inc (PRI) by 34.91% based on its latest 2016Q4 regulatory filing with the SEC. Prospector Partners Llc sold 61,900 shares as the company’s stock declined 5.20% while stock markets rallied. The institutional investor held 115,400 shares of the finance company at the end of 2016Q4, valued at $7.98M, down from 177,300 at the end of the previous reported quarter. Prospector Partners Llc who had been investing in Primerica Inc for a number of months, seems to be less bullish one the $3.45 billion market cap company. The stock increased 0.13% or $0.1 during the last trading session, reaching $76.8. About 137,665 shares traded. Primerica, Inc. (NYSE:PRI) has risen 46.20% since September 19, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Prospector Partners Llc, which manages about $2.43 billion and $674.18M US Long portfolio, upped its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 188,600 shares to 275,900 shares, valued at $12.23M in 2016Q4, according to the filing. It also increased its holding in Glaxosmithkline Plc (NYSE:GSK) by 142,400 shares in the quarter, for a total of 161,200 shares, and has risen its stake in Pnc Finl Svcs Group Inc (NYSE:PNC).

Analysts expect Primerica, Inc. (NYSE:PRI) to report $1.37 EPS on November, 8.They anticipate $0.15 EPS change or 12.30 % from last quarter’s $1.22 EPS. PRI’s profit would be $61.54 million giving it 14.01 P/E if the $1.37 EPS is correct. After having $1.36 EPS previously, Primerica, Inc.’s analysts see 0.74 % EPS growth.

Another recent and important Primerica, Inc. (NYSE:PRI) news was published by Zacks.com which published an article titled: “Primerica (PRI) and Units’ Ratings Retained by AM Best” on August 30, 2017.

Primerica, Inc. (NYSE:PRI) Ratings Coverage

Among 7 analysts covering Primerica Inc. (NYSE:PRI), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Primerica Inc. had 16 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Primerica, Inc. (NYSE:PRI) earned “Outperform” rating by Raymond James on Tuesday, October 20. Keefe Bruyette & Woods maintained it with “Hold” rating and $8300 target in Tuesday, August 8 report. On Wednesday, September 9 the stock rating was reinitiated by Wood with “Outperform”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, June 23. The rating was initiated by Citigroup with “Neutral” on Thursday, January 26. The firm has “Hold” rating given on Tuesday, August 8 by Wells Fargo. Wells Fargo initiated the stock with “Market Perform” rating in Friday, September 23 report. The stock of Primerica, Inc. (NYSE:PRI) earned “Market Perform” rating by Wells Fargo on Friday, April 21. Wood maintained Primerica, Inc. (NYSE:PRI) on Monday, May 15 with “Hold” rating. The company was maintained on Monday, September 11 by Keefe Bruyette & Woods.

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