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 headquartered in Duluth, Georgia.
Industry, Sector and Symbol
Stock Exchange NYSE
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 Ratio19.47
Forward P/E Ratio15.03
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.69 billion
Price / Sales2.80
Cash Flow$10.9594 per share
Price / Cash9.85
Book Value$32.07 per share
Price / Book3.37
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
Market Cap$4,627.47
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 declared a quarterly dividend on Wednesday, May 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.93%. 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 declared that its Board of Directors has approved a share repurchase 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 typically an indication that the company's leadership believes its stock is undervalued.
How were Primerica's earnings last quarter?
Primerica, Inc. (NYSE:PRI) announced its earnings results on Tuesday, May, 8th. The financial services provider reported $1.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.49 by $0.02. The financial services provider had revenue of $459.92 million for the quarter, compared to the consensus estimate of $459.83 million. Primerica had a return on equity of 19.88% and a net margin of 20.87%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business 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 twelve-month target prices for Primerica's stock. Their forecasts range from $102.00 to $112.00. On average, they anticipate Primerica's share price to reach $108.6667 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Ratings for Primerica.
What is the consensus analysts' recommendation for Primerica?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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. " (7/11/2018)
- 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 HANNOVER RUECK/S (HVRRY), Legal & General Group (LGEN), AMP (AMP), Lincoln National (LNC), OLD Mut PLC/ADR (ODMTY), AEGON (AEG), Torchmark (TMK), Athene (ATH), Reinsurance Group of America (RGA), Voya Financial (VOYA), SONY Finl HOLDI/ADR (SNYFY), 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?
News articles about PRI stock have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Primerica earned a news impact score of -0.01 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 44.99 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Primerica's major shareholders?
Primerica's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.19%), GWM Advisors LLC (0.04%), Municipal Employees Retirement System of Michigan (0.02%), Bank of Montreal Can (0.02%), Nisa Investment Advisors LLC (0.02%) and Amalgamated Bank (0.02%). 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 Peregrine Capital Management LLC, Municipal Employees Retirement System of Michigan, Nisa Investment Advisors LLC and Fortaleza Asset Management Inc.. 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, Robert F Mccullough and William A Kelly. View Insider Buying and Selling for Primerica.
Which major investors are buying Primerica stock?
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 $107.95.
How big of a company is Primerica?
Primerica has a market capitalization of $4.63 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 (NYSE 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.
