Primerica, Inc., together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products. The company also distributes and sells mutual funds and various retirement plans, managed investments, variable and fixed annuities, fixed indexed annuities, and segregated funds. In addition, it offers auto and homeowners' insurance, long-term care insurance, home automation solutions, and mortgage loan referrals; and insurance products, including supplemental medical and dental, accidental death, and disability for small businesses. Further, the company provides 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. The company distributes and sells its products through licensed sales representatives. Primerica, Inc. was founded in 1927 and is based in Duluth, Georgia.
Industry, Sector and Symbol
Industry Life insurance
Sub-IndustryLife & Health Insurance
SectorFinance
SymbolNYSE:PRI
CUSIP74164M10
Phone770-381-1000
Debt
Debt-to-Equity RatioN/A
Current Ratio0.61
Quick Ratio0.61
Price-To-Earnings
Trailing P/E Ratio18.30
Forward P/E Ratio14.11
P/E Growth1.41
Sales & Book Value
Annual Sales$1.69 billion
Price / Sales2.62
Cash Flow$10.7561 per share
Price / Cash9.39
Book Value$32.07 per share
Price / Book3.15
Profitability
EPS (Most Recent Fiscal Year)$5.52
Net Income$350.25 million
Net Margins20.87%
Return on Equity19.88%
Return on Assets2.18%
Miscellaneous
Employees2,104
Outstanding Shares43,740,000
Primerica (NYSE:PRI) Frequently Asked Questions
What is Primerica's stock symbol?
Primerica trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRI."
How often does Primerica pay dividends? What is the dividend yield for Primerica?
Primerica announced a quarterly dividend on Wednesday, May 9th. Investors of record on Tuesday, May 22nd will be paid a dividend of $0.25 per share on Friday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, May 21st. View Primerica's Dividend History.
How will Primerica's stock buyback program work?
Primerica announced that its Board of Directors has approved a share buyback plan on Thursday, February 8th 2018, which allows the company to buyback $225,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.
How were Primerica's earnings last quarter?
Primerica, Inc. (NYSE:PRI) released its earnings results on Tuesday, May, 8th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by $0.02. The financial services provider earned $459.92 million during the quarter, compared to analysts' expectations of $459.83 million. Primerica had a return on equity of 19.88% and a net margin of 20.87%. Primerica's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. View Primerica's Earnings History.
When is Primerica's next earnings date?
What price target have analysts set for PRI?
3 analysts have issued 1 year price objectives for Primerica's stock. Their forecasts range from $95.00 to $112.00. On average, they expect Primerica's share price to reach $103.00 in the next year. View Analyst Ratings for Primerica.
What are Wall Street analysts saying about Primerica stock?
Here are some recent quotes from research analysts about Primerica stock:
- 1. According to Zacks Investment Research, "Primerica, Inc. provides financial products and services. It assists its clients in meeting their needs for term life insurance, which it underwrites, and mutual funds, variable annuities and other financial products, which it distributes primarily on behalf of third parties. The Company's mission is to serve middle income families by helping them make informed financial decisions and providing them with a strategy and means to gain financial independence. The Company's sales representatives use its proprietary financial needs analysis, or FNA, tool and an educational approach to demonstrate how its products can assist clients to provide financial protection for their families, save for their retirement and manage their debt. The Company's clients are generally middle income consumers. Primerica also provides an entrepreneurial business opportunity for individuals to distribute its financial products. The Company is based in Duluth, Georgia. " (6/16/2018)
- 2. Wells Fargo & Co analysts commented, "We would peg normalized EPS at around $1.49 after backing out $0.05 per share of associated with a benefit from changing the state of domicile for Primerica Life, $0.03 per share from a deferred acquisition cost (DAC) adjustment in Investment and Savings Products (ISP) and $0.03 per share from lower tax rate. We are maintaining our 2018 adjusted EPS estimate at $7.25 to reflect higher asset levels and lower share count offset by a higher guided tax rate than we were modeling. We are raising our 2019E to $8.00 from $7.85 to reflect higher assets levels and a lower share count. Additionally, we are introducing our 2020 EPS estimate of $8.80. FactSet 2018 consensus of $7.03 does not seem to reflect the impact of tax reform in all estimates. We are raising our price target to $102 per share from $100. We expect PRI shares to react favorably to the beat in the quarter. Please see Figure 1 for more detail. What we liked." (2/7/2018)
Who are some of Primerica's key competitors?
Some companies that are related to Primerica include Legal & General Group (LGEN), AMP (AMP), HANNOVER RUECK/S (HVRRY), Lincoln National (LNC), OLD Mut PLC/ADR (ODMTY), AEGON (AEG), Torchmark (TMK), Reinsurance Group of America (RGA), Athene (ATH), SONY Finl HOLDI/ADR (SNYFY), Voya Financial (VOYA), Scor (SCRYY), Brighthouse Financial (BHF), American National Insurance (ANAT) and American Equity Investment Life (AEL).
Who are Primerica's key executives?
Primerica's management team includes the folowing people:
- Mr. Glenn Jackson Williams, CEO & Director (Age 59)
- Mr. Peter Wayne Schneider, Pres (Age 62)
- Ms. Alison Sue Rand, Exec. VP & CFO (Age 50)
- Mr. Gregory Carl Pitts, Exec. VP & COO (Age 55)
- Mr. William Addams Kelly, Pres of PFS Investments (Age 62)
Has Primerica been receiving favorable news coverage?
Headlines about PRI stock have been trending somewhat negative this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Primerica earned a news sentiment score of -0.04 on Accern's scale. They also assigned headlines about the financial services provider an impact score of 48.87 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Primerica's major shareholders?
Primerica's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.38%), Kayne Anderson Rudnick Investment Management LLC (8.50%), Bamco Inc. NY (5.83%), Burgundy Asset Management Ltd. (3.47%), Dimensional Fund Advisors LP (3.02%) and Cantillon Capital Management LLC (2.06%). Company insiders that own Primerica stock include Alison S Rand, Glenn J Williams, Gregory C Pitts, Jeffrey S Fendler, Joel M Babbit, Michael C Adams, P George Benson, Peter W Schneider, Robert F Mccullough and William A Kelly. View Institutional Ownership Trends for Primerica.
Which major investors are selling Primerica stock?
PRI stock was sold by a variety of institutional investors in the last quarter, including Bamco Inc. NY, BlackRock Inc., WINTON GROUP Ltd, Victory Capital Management Inc., AGF Investments Inc., Dimensional Fund Advisors LP, Smith Asset Management Group LP and Burgundy Asset Management Ltd.. Company insiders that have sold Primerica company stock in the last year include Alison S Rand, Glenn J Williams, Gregory C Pitts, Peter W Schneider and Robert F Mccullough. View Insider Buying and Selling for Primerica.
Which major investors are buying Primerica stock?
PRI stock was acquired by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, JPMorgan Chase & Co., WBI Investments Inc., State of Tennessee Treasury Department, Federated Investors Inc. PA, Mackay Shields LLC, Wells Fargo & Company MN and OppenheimerFunds Inc.. View Insider Buying and Selling for Primerica.
How do I buy shares of Primerica?
Shares of PRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Primerica's stock price today?
One share of PRI stock can currently be purchased for approximately $101.00.
How big of a company is Primerica?
Primerica has a market capitalization of $4.41 billion and generates $1.69 billion in revenue each year. The financial services provider earns $350.25 million in net income (profit) each year or $5.52 on an earnings per share basis. Primerica employs 2,104 workers across the globe.
How can I contact Primerica?
Primerica's mailing address is 1 PRIMERICA PARKWAY, DULUTH GA, 30099. The financial services provider can be reached via phone at 770-381-1000 or via email at [email protected]
MarketBeat Community Rating for Primerica (PRI)
MarketBeat's community ratings are surveys of what our community members think about Primerica and other stocks. Vote "Outperform" if you believe PRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
