Primerica (PRI) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PRI shares.
View PRI analyst ratings or view top-rated stocks.

5 brokerages have issued 12-month price objectives for Primerica's stock. Their PRI share price forecasts range from $162.00 to $244.00. On average, they expect the company's stock price to reach $205.25 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
View analysts price targets for PRI or view top-rated stocks among Wall Street analysts.

Primerica's stock was trading at $141.82 at the beginning of 2023. Since then, PRI shares have increased by 34.8% and is now trading at $191.16.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our PRI earnings forecast.

Primerica, Inc. (NYSE:PRI) posted its quarterly earnings results on Monday, May, 8th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.04. The financial services provider had revenue of $690.04 million for the quarter, compared to analyst estimates of $697.61 million. Primerica had a net margin of 15.33% and a trailing twelve-month return on equity of 27.48%. Primerica's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company earned $2.11 EPS.

Primerica announced a quarterly dividend on Monday, May 8th. Stockholders of record on Monday, May 22nd will be given a dividend of $0.65 per share on Monday, June 12th. This represents a $2.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 19th.
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), Pinnacle Focused Opportunities ETF (FCUS), Invesco DWA Financial Momentum ETF (PFI), Harbor Dividend Growth Leaders ETF (GDIV), SPDR S&P Insurance ETF (KIE), Nuveen Small Cap Select ETF (NSCS), Opus Small Cap Value Plus ETF (OSCV) and Inspire Fidelis Multi Factor ETF (FDLS).

Primerica (NYSE:PRI) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.35%. 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 23.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 15.21% 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 of Directors has authorized a share buyback plan 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 buy up to 7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its stock is 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 retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (10.79%), BlackRock Inc. (8.98%), FMR LLC (8.90%), Burgundy Asset Management Ltd. (3.42%), State Street Corp (2.96%) and Dimensional Fund Advisors LP (2.21%). 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 $191.16.

Primerica (NYSE:PRI) has a market capitalization of $6.93 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 $11.08 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.