Primerica - PRI Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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6 Wall Street research analysts have issued 1 year price targets for Primerica's shares. Their PRI share price forecasts range from $137.00 to $187.00. On average, they predict the company's share price to reach $161.40 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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Primerica's stock was trading at $153.27 at the beginning of 2022. Since then, PRI stock has decreased by 8.0% and is now trading at $141.02.
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Primerica saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 366,100 shares, a drop of 19.8% from the October 31st total of 456,300 shares. Based on an average trading volume of 145,100 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.0% of the shares of the stock are short sold.
View Primerica's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our PRI earnings forecast.

Primerica, Inc. (NYSE:PRI) announced its quarterly earnings results on Tuesday, November, 8th. The financial services provider reported $3.02 EPS for the quarter, topping the consensus estimate of $2.94 by $0.08. The financial services provider had revenue of $673.29 million for the quarter, compared to analysts' expectations of $675.99 million. Primerica had a net margin of 10.01% and a trailing twelve-month return on equity of 22.96%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.98 EPS.

Primerica declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Tuesday, November 22nd will be paid a dividend of $0.55 per share on Wednesday, December 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for PRI.

Primerica (NYSE:PRI) pays an annual dividend of $2.20 per share and currently has a dividend yield of 1.54%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 16.74% 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 stock buyback plan on Thursday, November 17th 2022, which permits the company to repurchase $375,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management 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 number of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (10.95%), Vanguard Group Inc. (10.74%), BlackRock Inc. (8.68%), Brave Warrior Advisors LLC (5.96%), Burgundy Asset Management Ltd. (3.39%) and State Street Corp (2.88%). Insiders that own company 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.
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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 $141.02.

Primerica (NYSE:PRI) has a market capitalization of $5.20 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 $7.09 on an earnings per share basis.

The company employs 2,621 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.