Legato Capital Management LLC bought a new stake in Primerica, Inc. during the fourth quarter, picking up 4,212 shares valued at about $1.088 million. The move came as Primerica opened Monday at $280.05, near the upper end of its 52-week range.

Peter W. Schneider sold 1,800 shares of Primerica stock on Monday, May 18th, at an average price of $279.64 a share, a transaction worth $503,352.00. After the sale, Schneider held 9,811 shares, and the sale cut his position by 15.50% under a pre-arranged Rule 10b5-1 trading plan.

Primerica, a financial services provider, has a market value of $8.73 billion and trades at a price-to-earnings ratio of 11.74. Its shares have ranged from a 52-week low of $230.09 to a high of $288.03, leaving the stock close to that peak as institutional investors continue to dominate ownership.

That ownership base is part of the backdrop to the latest trades. Institutional investors and hedge funds currently hold 90.88% of Primerica stock, while company insiders own 0.63%, and other hedge funds have recently adjusted their positions as well. For investors watching the name, the more immediate takeaway is that new money is still coming in even as an insider trims exposure on a preset schedule.