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NYSE:PRI

Primerica (PRI) Stock Price, News & Analysis

$226.63
-3.24 (-1.41%)
(As of 01:47 PM ET)
Today's Range
$226.13
$230.38
50-Day Range
$210.20
$255.88
52-Week Range
$179.15
$256.56
Volume
46,129 shs
Average Volume
162,707 shs
Market Capitalization
$7.80 billion
P/E Ratio
13.79
Dividend Yield
1.32%
Price Target
$245.50

Primerica MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
7.9% Upside
$245.50 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.71
Upright™ Environmental Score
News Sentiment
0.77mentions of Primerica in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.35 M Sold Last Quarter
Proj. Earnings Growth
11.16%
From $17.57 to $19.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.21 out of 5 stars

Finance Sector

219th out of 853 stocks

Life Insurance Industry

9th out of 20 stocks

PRI stock logo

About Primerica Stock (NYSE:PRI)

Primerica, Inc., together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites individual term life insurance products. The Investment and Savings Products segment provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, and fixed indexed annuities. The Senior Health segment offers segregated funds; and medicare advantage and supplement plans. The Corporate and Other Distributed Products segment provides mortgage loans; prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters; ID theft defense services; auto and homeowners' insurance; home automation solutions; and insurance products, including supplemental and accidental death, and disability insurance. It distributes and sells its products through licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

PRI Stock Price History

PRI Stock News Headlines

Primerica: A Buying Opportunity On A Dividend Growth Play
Primerica, Inc. (PRI)
Q1 2024 Primerica Inc Earnings Call
Primerica, Inc. Reveals Increase In Q1 Profit
Primerica Reports First Quarter 2024 Results
Here's what Wall Street expects from Primerica's earnings report
Primerica Q1 2024 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 3/12 Dividend
2/20/2024
Dividend Payable
3/12/2024
Last Earnings
5/06/2024
Ex-Dividend for 6/12 Dividend
5/20/2024
Today
5/23/2024
Dividend Payable
6/12/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
Life & Health Insurance
CUSIP
74164M10
Fax
N/A
Employees
3,450
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$245.50
High Stock Price Target
$275.00
Low Stock Price Target
$197.00
Potential Upside/Downside
+6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$576.60 million
Pretax Margin
26.63%

Debt

Sales & Book Value

Annual Sales
$2.82 billion
Cash Flow
$25.49 per share
Book Value
$63.52 per share

Miscellaneous

Free Float
34,201,000
Market Cap
$7.90 billion
Optionable
Optionable
Beta
1.10
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PRI Stock Analysis - Frequently Asked Questions

Should I buy or sell Primerica stock right now?

5 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 and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
View PRI analyst ratings
or view top-rated stocks.

What is Primerica's stock price target for 2024?

5 Wall Street research analysts have issued 12 month target prices for Primerica's stock. Their PRI share price targets range from $197.00 to $275.00. On average, they expect the company's share price to reach $245.50 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
View analysts price targets for PRI
or view top-rated stocks among Wall Street analysts.

How have PRI shares performed in 2024?

Primerica's stock was trading at $205.76 at the beginning of 2024. Since then, PRI stock has increased by 10.6% and is now trading at $227.59.
View the best growth stocks for 2024 here
.

Are investors shorting Primerica?

Primerica saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 654,900 shares, an increase of 80.0% from the April 15th total of 363,800 shares. Based on an average daily volume of 183,300 shares, the short-interest ratio is presently 3.6 days. Approximately 1.9% of the company's shares are short sold.
View Primerica's Short Interest
.

When is Primerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our PRI earnings forecast
.

How were Primerica's earnings last quarter?

Primerica, Inc. (NYSE:PRI) released its quarterly earnings data on Monday, May, 6th. The financial services provider reported $3.91 EPS for the quarter, missing analysts' consensus estimates of $4.12 by $0.21. The financial services provider earned $742.83 million during the quarter, compared to analysts' expectations of $740.57 million. Primerica had a trailing twelve-month return on equity of 27.35% and a net margin of 20.44%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.49 EPS.

How often does Primerica pay dividends? What is the dividend yield for Primerica?

Primerica announced a quarterly dividend on Monday, May 6th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.75 per share on Wednesday, June 12th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, May 20th.
Read our dividend analysis for PRI
.

Is Primerica a good dividend stock?

Primerica (NYSE:PRI) pays an annual dividend of $3.00 per share and currently has a dividend yield of 1.30%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 15.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRI.

How will Primerica's stock buyback program work?

Primerica announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 16th 2023, which allows the company to repurchase $425,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

What is Glen Williams' approval rating as Primerica's CEO?

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.

What other stocks do shareholders of Primerica own?

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).

Who are Primerica's major shareholders?

Primerica's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.49%), Bamco Inc. NY (5.53%), Burgundy Asset Management Ltd. (3.55%), Price T Rowe Associates Inc. MD (0.83%), Quantum Capital Management LLC NJ (0.78%) and Westfield Capital Management Co. LP (0.66%). Insiders that own company stock include Alison S Rand, Glenn J Williams, Gregory C Pitts, Joel M Babbit, John A Jr Addison, Nicholas Adam Jendusa, P George Benson, Peter W Schneider and Peter W Schneider.
View institutional ownership trends
.

How do I buy shares of Primerica?

Shares of PRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PRI) was last updated on 5/23/2024 by MarketBeat.com Staff

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