S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:PRI

Primerica - PRI Stock Forecast, Price & News

$128.60
+1.13 (+0.89%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$126.06
$129.18
50-Day Range
$110.93
$130.01
52-Week Range
$110.22
$179.51
Volume
139,900 shs
Average Volume
175,990 shs
Market Capitalization
$5.01 billion
P/E Ratio
14.34
Dividend Yield
1.71%
Price Target
$158.40

Primerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
23.2% Upside
$158.40 Price Target
Short Interest
Healthy
1.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.65
Upright™ Environmental Score
News Sentiment
0.14mentions of Primerica in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$477,280 Sold Last Quarter
Proj. Earnings Growth
17.20%
From $11.63 to $13.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.08 out of 5 stars

Finance Sector

81st out of 1,176 stocks

Life Insurance Industry

5th out of 20 stocks

PRI stock logo

About Primerica (NYSE:PRI) Stock

Primerica, Inc., together with its subsidiaries, provides financial products 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 products. 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 health, accidental death, and disability for small businesses. It distributes and sells its products through a network of 129,515 licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

Primerica Price Performance

Shares of Primerica stock opened at $128.60 on Monday. Primerica has a fifty-two week low of $110.22 and a fifty-two week high of $179.51. The firm has a fifty day moving average price of $121.79 and a two-hundred day moving average price of $129.86. The company has a market cap of $5.01 billion, a PE ratio of 14.34 and a beta of 1.29.

Primerica (NYSE:PRI - Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.79 by ($0.68). Primerica had a net margin of 12.92% and a return on equity of 22.07%. The company had revenue of $691.30 million during the quarter, compared to the consensus estimate of $731.25 million. During the same period last year, the company earned $2.44 earnings per share. Primerica's revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Primerica will post 11.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on PRI shares. Truist Financial dropped their price objective on shares of Primerica from $163.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, July 1st. Morgan Stanley dropped their price objective on shares of Primerica from $148.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $158.40.

Insider Buying and Selling at Primerica

In other news, CEO Glenn J. Williams sold 4,000 shares of the firm's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $119.32, for a total transaction of $477,280.00. Following the completion of the transaction, the chief executive officer now directly owns 62,215 shares of the company's stock, valued at approximately $7,423,493.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.85% of the company's stock.

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PRI Stock News Headlines

Primerica (PRI) to Release Earnings on Monday
Primerica (PRI) - Forbes
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PRI Company Calendar

Last Earnings
11/08/2021
Ex-Dividend for 6/14 Dividend
5/19/2022
Dividend Payable
6/14/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Life insurance
Sub-Industry
Life & Health Insurance
Sector
Finance
CUSIP
74164M10
Fax
N/A
Employees
2,621
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$158.40
High Stock Price Forecast
$187.00
Low Stock Price Forecast
$132.00
Forecasted Upside/Downside
+23.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$373.36 million
Pretax Margin
17.58%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$20.88 per share
Book Value
$52.74 per share

Miscellaneous

Free Float
38,602,000
Market Cap
$5.01 billion
Optionable
Optionable
Beta
1.29














PRI Stock - Frequently Asked Questions

Should I buy or sell Primerica stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Primerica stock.
View analyst ratings for Primerica
or view top-rated stocks.

What is Primerica's stock price forecast for 2022?

6 Wall Street analysts have issued 1-year price objectives for Primerica's shares. Their PRI stock forecasts range from $132.00 to $187.00. On average, they predict Primerica's stock price to reach $158.40 in the next year. This suggests a possible upside of 23.2% from the stock's current price.
View analysts' price targets for Primerica
or view top-rated stocks among Wall Street analysts.

How has Primerica's stock price performed in 2022?

Primerica's stock was trading at $153.27 at the start of the year. Since then, PRI stock has decreased by 16.1% and is now trading at $128.60.
View the best growth stocks for 2022 here
.

When is Primerica's next earnings date?

Primerica is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Primerica
.

How can I listen to Primerica's earnings call?

Primerica will be holding an earnings conference call on Tuesday, August 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Primerica's earnings last quarter?

Primerica, Inc. (NYSE:PRI) issued its quarterly earnings data on Monday, November, 8th. The financial services provider reported $2.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.98. The financial services provider had revenue of $693.24 million for the quarter, compared to analyst estimates of $682.09 million. Primerica had a net margin of 12.92% and a trailing twelve-month return on equity of 22.07%. Primerica's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.78 EPS.

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

Primerica declared a quarterly dividend on Thursday, May 5th. Shareholders of record on Friday, May 20th will be given a dividend of $0.55 per share on Tuesday, June 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 19th.
View Primerica's dividend history
.

Is Primerica a good dividend stock?

Primerica(NYSE:PRI) pays an annual dividend of $2.20 per share and currently has a dividend yield of 1.71%. Primerica 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 of Primerica is 24.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primerica will have a dividend payout ratio of 16.14% next year. This indicates that Primerica will be able to sustain or increase its dividend.
View Primerica's dividend history.

How will Primerica's stock buyback program work?

Primerica announced that its Board of Directors has authorized a share buyback plan on Monday, February 14th 2022, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are typically 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 CEO Glen Williams on Glassdoor.com. Glen Williams has an approval rating of 95% among Primerica'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).

What is Primerica's stock symbol?

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

Who are Primerica's major shareholders?

Primerica's stock is owned by many different institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (0.73%), Brown Advisory Inc. (0.70%), TD Asset Management Inc. (0.22%), Retirement Systems of Alabama (0.13%), Envestnet Asset Management Inc. (0.12%) and State Board of Administration of Florida Retirement System (0.10%). Company insiders that own Primerica stock include Alison S Rand, Glenn J Williams, Gregory C Pitts, Joel M Babbit, John A Jr Addison, Peter W Schneider and Peter W Schneider.
View institutional ownership trends for Primerica
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Primerica's stock price today?

One share of PRI stock can currently be purchased for approximately $128.60.

How much money does Primerica make?

Primerica (NYSE:PRI) has a market capitalization of $5.01 billion and generates $2.71 billion in revenue each year. The financial services provider earns $373.36 million in net income (profit) each year or $8.97 on an earnings per share basis.

How many employees does Primerica have?

Primerica employs 2,621 workers across the globe.

How can I contact Primerica?

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

This page (NYSE:PRI) was last updated on 8/8/2022 by MarketBeat.com Staff

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