Primerica (PRI) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last twelve months. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PRI shares.
View PRI analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 12-month price targets for Primerica's shares. Their PRI share price forecasts range from $185.00 to $260.00. On average, they anticipate the company's share price to reach $216.20 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
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Primerica's stock was trading at $141.82 at the beginning of 2023. Since then, PRI stock has increased by 39.7% and is now trading at $198.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our PRI earnings forecast.

Primerica, Inc. (NYSE:PRI) posted its quarterly earnings results on Monday, August, 7th. The financial services provider reported $3.99 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.18. The financial services provider earned $688.40 million during the quarter, compared to analyst estimates of $704.91 million. Primerica had a trailing twelve-month return on equity of 28.48% and a net margin of 16.55%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.86 EPS.

Primerica declared a quarterly dividend on Monday, August 7th. Investors of record on Monday, August 21st will be paid a dividend of $0.65 per share on Monday, September 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, August 18th.
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), Harbor Dividend Growth Leaders ETF (GDIV), SPDR S&P Insurance ETF (KIE), Invesco Dorsey Wright Financial Momentum ETF (PFI), Running Oak Efficient Growth ETF (RUNN), Opus Small Cap Value Plus ETF (OSCV), Nuveen Small Cap Select ETF (NSCS) and iShares U.S. Insurance ETF (IAK).

Primerica (NYSE:PRI) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.31%. 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 21.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 14.97% 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 approved a stock buyback program on Thursday, November 17th 2022, which allows the company to buyback $375,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board 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 shareholders include Kayne Anderson Rudnick Investment Management LLC (10.61%), BlackRock Inc. (9.07%), Brave Warrior Advisors LLC (5.99%), Burgundy Asset Management Ltd. (3.59%), State Street Corp (2.96%) and Dimensional Fund Advisors LP (2.06%). 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 $198.06.

Primerica (NYSE:PRI) has a market capitalization of $7.08 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 $12.26 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.