Primerica - PRI Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRI, but not buy additional shares or sell existing shares.
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4 Wall Street analysts have issued 1-year target prices for Primerica's stock. Their PRI share price forecasts range from $162.00 to $210.00. On average, they anticipate the company's share price to reach $189.00 in the next year. This suggests a possible upside of 14.2% from the stock's current price.
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Primerica's stock was trading at $141.82 on January 1st, 2023. Since then, PRI shares have increased by 16.7% and is now trading at $165.52.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Primerica, Inc. (NYSE:PRI) released its quarterly earnings results on Friday, February, 24th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.93 by $0.56. The financial services provider earned $686.94 million during the quarter, compared to analysts' expectations of $694.90 million. Primerica had a trailing twelve-month return on equity of 24.87% and a net margin of 13.71%. The firm's revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $2.94 earnings per share.

Primerica declared a quarterly dividend on Tuesday, February 7th. Shareholders of record on Tuesday, February 21st will be paid a dividend of $0.65 per share on Tuesday, March 14th. This represents a $2.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, February 17th. This is a positive change from the stock's previous quarterly dividend of $0.55.
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), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ), Invesco DWA Financial Momentum ETF (PFI), SPDR S&P Insurance ETF (KIE), Nuveen Small Cap Select ETF (NSCS), Harbor Dividend Growth Leaders ETF (GDIV), iShares U.S. Insurance ETF (IAK) and Opus Small Cap Value Plus ETF (OSCV).

Primerica (NYSE:PRI) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.60%. 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 26.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 15.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRI.

Primerica announced that its board has approved a stock repurchase program on Thursday, November 17th 2022, which permits the company to buyback $375,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors 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 variety of institutional and retail investors. Top institutional investors include Bamco Inc. NY (5.29%), Moneta Group Investment Advisors LLC (4.02%), Burgundy Asset Management Ltd. (3.38%), Dimensional Fund Advisors LP (2.20%), Victory Capital Management Inc. (2.20%) and Victory Capital Management Inc. (2.20%). 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 $165.52.

Primerica (NYSE:PRI) has a market capitalization of $6.11 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 $9.76 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.