At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this article, we will use that wealth of knowledge to determine whether or not Primerica, Inc. (NYSE:PRI) makes for a good investment right now.

Primerica, Inc. (NYSE:PRI) shareholders have witnessed an increase in support from the world's most elite money managers in recent months. PRI was in 26 hedge funds' portfolios at the end of June. There were 12 hedge funds in our database with PRI holdings at the end of the previous quarter. Our calculations also showed that PRI isn't among the 30 most popular stocks among hedge funds.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's flagship best performing hedge funds strategy returned 25.8% year to date (through May 30th) and outperformed the market even though it draws its stock picks among small-cap stocks. This strategy also outperformed the market by 40 percentage points since its inception (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

Unlike some fund managers who are betting on Dow reaching 40000 in a year, our long-short investment strategy doesn't rely on bull markets to deliver double digit returns. We only rely on hedge fund buy/sell signals. We're going to take a look at the latest hedge fund action surrounding Primerica, Inc. (NYSE:PRI).

Hedge fund activity in Primerica, Inc. (NYSE:PRI)

Heading into the third quarter of 2019, a total of 26 of the hedge funds tracked by Insider Monkey were long this stock, a change of 117% from the first quarter of 2019. Below, you can check out the change in hedge fund sentiment towards PRI over the last 16 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

The largest stake in Primerica, Inc. (NYSE:PRI) was held by Cantillon Capital Management, which reported holding $110.7 million worth of stock at the end of March. It was followed by Brave Warrior Capital with a $91 million position. Other investors bullish on the company included Millennium Management, GLG Partners, and Citadel Investment Group.