Baron Funds: “We Expect Primerica, Inc. (PRI) to Benefit From the Recent Rise in Interest Rates”
Baron Funds, an asset management firm, published its “Baron Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 0.94% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing its primary benchmark, the Russell 2000 Growth Index, that rose to 4.88% and the S&P 500 Index that delivered a 6.17% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Baron Growth Fund, in its Q1 2021 investor letter, mentioned Primerica, Inc. (NYSE: PRI), and shared their insights on the company. Primerica, Inc. is a Duluth, Georgia-based insurance company that currently has a $6.07 billion market capitalization. Since the beginning of the year, PRI delivered a 15.02% return, extending its 12-month gains to 55.15%. As of May 12, 2021, the stock closed at $154.05 per share.