Primerica, Inc. (NYSE:PRI), saw an insider execute a transaction that began last week and was officially filed today, September 3rd. Executive Vice President and Chief Financial Officer Alison S. Rand disposed of 2,500 shares of common stock at an average price of $50.2433 per share. Following this move, Rand now holds a total of 40,845 shares directly with the company. Moreover, Primerica, Inc. (NYSE:PRI) is a $2.74 billion market cap distributor of financial products to middle income households in the United States and Canada. The Company assists its clients in meeting their needs for term life insurance, which the Company underwrites, and mutual funds, annuities and other financial products, which the Company distributes primarily on behalf of third parties.
In addition, Billionaire D. E. Shaw is involved with Primerica. His hedge fund, D E Shaw, lowered its holdings by 52% last quarter, and currently holds 203,681 shares worth about $9.7 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.