Primerica - PRI Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PRI shares.
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4 analysts have issued 1-year target prices for Primerica's stock. Their PRI share price forecasts range from $150.00 to $187.00. On average, they anticipate the company's share price to reach $165.67 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
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Primerica's stock was trading at $141.82 on January 1st, 2023. Since then, PRI shares have increased by 16.1% and is now trading at $164.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Primerica will be holding an earnings conference call on Friday, February 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Primerica, Inc. (NYSE:PRI) released its quarterly earnings data on Tuesday, November, 8th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.00 by $0.02. The financial services provider earned $673.29 million during the quarter, compared to the consensus estimate of $675.99 million. Primerica had a trailing twelve-month return on equity of 22.96% and a net margin of 10.01%. Primerica's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $2.98 EPS.

Primerica declared a quarterly dividend on Tuesday, November 8th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.55 per share on Wednesday, December 14th. This represents a $2.20 annualized dividend and a yield of 1.34%. The ex-dividend date 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 1.34%. The company has been increasing its dividend for 12 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 16.68% 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 program on Thursday, November 17th 2022, which authorizes the company to repurchase $375,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors 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 many different institutional and retail investors. Top institutional shareholders include Leeward Investments LLC MA (0.37%), Natixis Advisors L.P. (0.32%), State of Alaska Department of Revenue (0.09%), Vestmark Advisory Solutions Inc. (0.06%), Bank of Montreal Can (0.06%) and State of New Jersey Common Pension Fund D (0.06%). 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 $164.65.

Primerica (NYSE:PRI) has a market capitalization of $6.08 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.