Primerica (PRI) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last twelve months. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRI shares.
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6 Wall Street research analysts have issued twelve-month price targets for Primerica's stock. Their PRI share price forecasts range from $185.00 to $260.00. On average, they predict the company's share price to reach $216.20 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
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Primerica's stock was trading at $141.82 at the beginning of 2023. Since then, PRI shares have increased by 39.9% and is now trading at $198.38.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Primerica, Inc. (NYSE:PRI) released its quarterly earnings data on Monday, August, 7th. The financial services provider reported $3.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.81 by $0.18. The financial services provider earned $688.40 million during the quarter, compared to analysts' expectations of $704.91 million. Primerica had a trailing twelve-month return on equity of 28.48% and a net margin of 16.55%. Primerica's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.86 earnings per share.

Primerica announced a quarterly dividend on Monday, August 7th. Investors of record on Monday, August 21st will be given a dividend of $0.65 per share on Monday, September 11th. This represents a $2.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, August 18th.
Read our dividend analysis for PRI.

ETFs with the largest weight of Primerica (NYSE:PRI) stock in their portfolio include Guru Favorite Stocks ETF (GFGF), Harbor Dividend Growth Leaders ETF (GDIV), SPDR S&P Insurance ETF (KIE), Invesco Dorsey Wright Financial Momentum ETF (PFI), Running Oak Efficient Growth ETF (RUNN), Opus Small Cap Value Plus ETF (OSCV), Nuveen Small Cap Select ETF (NSCS) and iShares U.S. Insurance ETF (IAK).

Primerica (NYSE:PRI) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.29%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 14.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRI.

Primerica declared that its board has initiated a stock repurchase program on Thursday, November 17th 2022, which allows the company to repurchase $375,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.

413 employees have rated Primerica Chief Executive Officer Glen Williams on Glassdoor.com. Glen Williams has an approval rating of 95% among the company's employees. This puts Glen Williams in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Primerica investors own include Tesla (TSLA), Alibaba Group (BABA), Gilead Sciences (GILD), QUALCOMM (QCOM), Cisco Systems (CSCO), General Electric (GE), Laredo Petroleum (LPI), Pfizer (PFE), Johnson & Johnson (JNJ) and NVIDIA (NVDA).

Primerica trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRI."

Primerica's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (10.61%), BlackRock Inc. (9.07%), Brave Warrior Advisors LLC (5.99%), Burgundy Asset Management Ltd. (3.59%), State Street Corp (2.96%) and Dimensional Fund Advisors LP (2.06%). Insiders that own company stock include Alison S Rand, Glenn J Williams, Gregory C Pitts, Joel M Babbit, John A Jr Addison, P George Benson, Peter W Schneider and Peter W Schneider.
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Shares of PRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRI stock can currently be purchased for approximately $198.38.

Primerica (NYSE:PRI) has a market capitalization of $7.10 billion and generates $2.72 billion in revenue each year. The financial services provider earns $373.01 million in net income (profit) each year or $12.26 on an earnings per share basis.

The company employs 2,381 workers across the globe.

Primerica's mailing address is 1 PRIMERICA PARKWAY, DULUTH GA, 30099. The official website for the company is www.primerica.com. The financial services provider can be reached via phone at (770) 381-1000 or via email at investorrelations@primerica.com.