Investors are more bullish on shares of Primerica, Inc. of late as shown by the fall in short interest. The stock recorded a fall in short interest between August 15, 2017 and August 31, 2017 of -8.95%. Short interest fell 276,338 over that timeframe. Days to cover increased from 12.0 to 13.0 and the short interest percentage is 0.06% as of August 31.
A few notable investment firms have updated their holdings. As of the end of the quarter AHL Partners LLP had sold 31,190 shares trimming its stake by 37.5%. The value of the company’s investment in Primerica, Inc. went from $6,846,000 to $3,946,000 a change of $2,900,000 since the last quarter. Lebenthal Asset Management, LLC cut its ownership by shedding 7,760 shares a decrease of 19.4% in the quarter. Lebenthal Asset Management, LLC currently owns 32,196 shares valued at $2,646,000. The value of the position overall is down by 4.2%.
Sheaff Brock Investment Advisors, LLC grew its position by buying 465 shares an increase of 4.2% from 03/31/2017 to 06/30/2017. Sheaff Brock Investment Advisors, LLC now controls 11,593 shares with a value of $878,000. The total value of its holdings decreased 4.0%. As of quarter end Spot Trading L.l.c had acquired a total of 3,400 shares growing its position 51.5%. The value of the investment in PRI increased from $350,000 to $822,000 increasing 134.9% quarter to quarter.
The company is so far trading up by 0.29% percent from yesterday’s close. Additionally Primerica, Inc. declared a dividend that was paid on Thu Jun 15, 2017. The dividend was $0.200 per share for the quarter or $0.80 on an annualized basis. This dividend amount represented a yield of $1.05. The ex-dividend date was Wednesday the 16th of August 2017.
It is currently trading at $77.03 which is slightly below $77.51, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $78.63. The 50 day moving average went down $-0.48 or -0.624% and the 200 day average was down $-1.61.
The P/E ratio is 15.691 and the market cap is 3.46B. As of the latest earnings report the EPS was $4.91 and is estimated to be $5.22 for the current year with 44,885,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.38 and the next full year EPS is projected to be $5.88.
Primerica Inc. (Primerica), launched on October 26, 2009, is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. 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 retail and managed mutual funds, and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an individual annuity savings product that it underwrites in Canada through Primerica Life Insurance Company of Canada (Primerica Life Canada). In the United States, it distributes mutual fund and annuity products of various third-party companies. It also earns fees for account servicing on a subset of the mutual funds it distributes. In Canada, it offers a Primerica-branded fund-of-funds mutual fund product, as well as mutual funds of mutual fund companies. The Corporate and Other Distributed Products segment consists of revenues and expenses related to the distribution of various other financial products generally underwritten or offered by third-party providers..