Primerica Inc. (NYSE: PRI) is a financial services company based in Duluth, Georgia. The company's primary mission is to offer products and advisory services, including life insurance, investment and saving products, to middle-income Americans.

Primerica insured approximately 5 million lives and had over 2 million client investment accounts at December 31, 2018. Primerica, through its insurance company subsidiaries, was the #2 issuer of Term Life insurance coverage in North America in 2017. As of close of trading on November 1, 2019, the company had a market capitalization of $5.34 billion.

Here we look at the five largest shareholders of Primerica stock, with Vanguard Group holding more than 11% of all shares, spread among its various mutual funds and ETFs.

Key Takeaways

  • Primerica is leading term life insurance underwriter and financial advisory firm.
  • More than 26% of Primerca shares are held by individual investors and 38% by non-mutual fund institutional investors.
  • Primerica's largest shareholders are mutual fund companies, holding more than 52% of its shares.
Top 10 Shareholders of Primerica
Shareholder # of Shares % Stake $ Value
The Vanguard Group 4,660,552 11.13% $592,962,000
Kayne Anderson Rudnick Investments 4,201,108 10.03 534,507,000
BlackRock Fund Advisors 3,576,492 8.54 455,037,000
BAMCO, Inc. 2,484.800 5.93 316,141,000
Fidelity Management 2,215,435 5.29 281,870,000
SSgA Funds Mgmt 1,240,381 2.96 157,814,000
Burgundy Asset Mgmt 1,074,026 2.56 136,648,000
Cantillon Capital Mgmt 923,022 2.20 117,436,000
By # of shares held (Data as of November 1, 2019)
Top 10 Mutual Fund/ETF Owners of Primerica
Shareholder # of Shares % Stake $ Value
Baron Growth Fund 1,875,000 4.48% $238,557,000
iShares Core S&P Mid Cap ETF 1,197,280 2.86 152,330,000
Vanguard Total Stock Market Index Fund 1,176,981 2.81 149,747,000
Vanguard Small Cap Index Fund 1,049,407 2.51 133,527,500
Virtus KAR Small Cap Core Fund 706,912 1.69 89,940,000
Vanguard Small Cap Value Index Fund 637,608 1.52 81,123,000
Vanguard Extended Market Index Fund 592,805 1.42 75,423,000
Columbia Acorn Fund 505,212 1.21 64,278,000
T.Rowe Price QM Small Cap Growth Fund 491,700 1.17 62,559,000
Fidelity VIP - MidCap Portfolio 472,420 1.13 60,223,000
By # of shares held (Data as of November 1, 2019)