The California State Teachers Retirement System (CalSTRS) increased its position in Primerica, Inc. by 27,655.6% during the second quarter. The pension fund purchased 10,304,211 additional shares. This acquisition brings its total holdings to 10,341,470 shares.
The stake represents approximately 33.60% of the company. CalSTRS valued the investment at nearly $2.94 billion at the time of its latest 13F filing.
Other institutional investors, including Squarepoint Ops LLC, also reported increased positions in separate filings. These movements follow Primerica's early August earnings report. The company exceeded analysts' earnings per share estimates for the quarter.