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NYSE:PRI

Primerica (PRI) Stock Price, News & Analysis

$245.46
-0.58 (-0.24%)
(As of 12:45 PM ET)
Today's Range
$244.64
$246.29
50-Day Range
$201.47
$246.47
52-Week Range
$155.68
$248.04
Volume
40,414 shs
Average Volume
124,591 shs
Market Capitalization
$8.60 billion
P/E Ratio
15.46
Dividend Yield
1.06%
Price Target
$234.20

Primerica MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
4.7% Downside
$234.20 Price Target
Short Interest
Healthy
0.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.71
Upright™ Environmental Score
News Sentiment
0.51mentions of Primerica in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$630,210 Sold Last Quarter
Proj. Earnings Growth
10.03%
From $17.75 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.

4.42 out of 5 stars

Finance Sector

361st out of 1,704 stocks

Life Insurance Industry

15th out of 40 stocks


PRI stock logo

About Primerica Stock (NYSE:PRI)

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 and accidental death. 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

RGA Feb 2024 170.000 call
PRI Jun 2024 210.000 call
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Primerica Inc's Dividend Analysis
Primerica (NYSE:PRI) PT Raised to $255.00
Primerica (NYSE:PRI) Price Target Raised to $275.00
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Q4 2023 Primerica Inc Earnings Call
Primerica (NYSE:PRI) Downgraded to Hold at StockNews.com
Recap: Primerica Q4 Earnings
Primerica: Q4 Earnings Snapshot
Primerica, Inc. Q4 Income Advances
Primerica Reports Fourth Quarter 2023 Results
Primerica (NYSE:PRI) Lowered to Market Perform at Raymond James
See More Headlines
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Company Calendar

Ex-Dividend for 12/12 Dividend
11/20/2023
Dividend Payable
12/12/2023
Last Earnings
2/13/2024
Ex-Dividend for 3/12 Dividend
2/20/2024
Today
2/21/2024
Dividend Payable
3/12/2024
Next Earnings (Estimated)
5/13/2024
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
2,381
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$234.20
High Stock Price Target
$275.00
Low Stock Price Target
$197.00
Potential Upside/Downside
-4.8%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$576.60 million
Pretax Margin
22.14%

Debt

Sales & Book Value

Annual Sales
$2.82 billion
Cash Flow
$24.27 per share
Book Value
$46.65 per share

Miscellaneous

Free Float
34,729,000
Market Cap
$8.62 billion
Optionable
Optionable
Beta
1.07
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Key Executives















PRI Stock Analysis - Frequently Asked Questions

Should I buy or sell Primerica stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 4 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.
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 1-year target prices for Primerica's stock. Their PRI share price targets range from $197.00 to $275.00. On average, they anticipate the company's share price to reach $234.20 in the next twelve months. This suggests that the stock has a possible downside of 4.7%.
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 the year. Since then, PRI stock has increased by 19.5% and is now trading at $245.87.
View the best growth stocks for 2024 here
.

When is Primerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our PRI earnings forecast
.

How were Primerica's earnings last quarter?

Primerica, Inc. (NYSE:PRI) announced its earnings results on Tuesday, February, 13th. The financial services provider reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.27 by $0.02. The financial services provider had revenue of $726.34 million for the quarter, compared to analyst estimates of $723.64 million. Primerica had a trailing twelve-month return on equity of 27.77% and a net margin of 20.37%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.49 earnings per share.

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

Primerica announced a quarterly dividend on Thursday, February 8th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.75 per share on Tuesday, March 12th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for PRI
.

Is Primerica a good dividend stock?

Primerica (NYSE:PRI) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.05%. 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 16.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 13.31% 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 declared that its board has authorized a share repurchase program on Thursday, November 16th 2023, which allows the company to repurchase $425,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.48%), Brave Warrior Advisors LLC (6.03%), Burgundy Asset Management Ltd. (3.44%), Lyrical Asset Management LP (1.89%), Dimensional Fund Advisors LP (1.87%) and AGF Management Ltd. (1.59%). 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.
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 2/21/2024 by MarketBeat.com Staff