New Amsterdam Partnersny buys $8,615,538 stake in Primerica (PRI)

Primerica (PRI) : New Amsterdam Partnersny scooped up 2,137 additional shares in Primerica during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 171,079 shares of Primerica which is valued at $8,615,538.Primerica makes up approximately 2.00% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , Quadrant Capital Group added PRI to its portfolio by purchasing 29 company shares during the most recent quarter which is valued at $1,494.Retirement Systems Of Alabama reduced its stake in PRI by selling 1,294 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 60,687 shares of PRI which is valued at $3,166,041. Primerica makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Farmers Merchants Investments Inc reduced its stake in PRI by selling 33 shares or 19.88% in the most recent quarter. The Hedge Fund company now holds 133 shares of PRI which is valued at $6,986.Weaver C. Barksdale Associates reduced its stake in PRI by selling 32 shares or 22.22% in the most recent quarter. The Hedge Fund company now holds 112 shares of PRI which is valued at $6,495. Primerica makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

Primerica opened for trading at $50.23 and hit $50.63 on the upside on Thursday, eventually ending the session at $50.47, with a gain of 0.22% or 0.11 points. The heightened volatility saw the trading volume jump to 3,57,150 shares. Company has a market cap of $2,374 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.

Many Wall Street Analysts have commented on Primerica. Primerica was Downgraded by Keefe Bruyette to ” Mkt Perform” 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.

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