Primerica Stock Forecast, Price & News

Primerica's stock was trading at $96.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PRI shares have increased by 42.4% and is now trading at $138.05.
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4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Primerica stock.
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Primerica is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for Primerica.

Primerica, Inc. (NYSE:PRI) released its earnings results on Wednesday, November, 4th. The financial services provider reported $2.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.35 by $0.43. The financial services provider earned $568.40 million during the quarter, compared to the consensus estimate of $545.84 million. Primerica had a net margin of 17.29% and a return on equity of 23.12%. The firm's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.26 EPS.
View Primerica's earnings history.

Primerica announced a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, November 20th will be paid a dividend of $0.40 per share on Monday, December 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 19th.
View Primerica's dividend history.

Primerica pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.17%. The dividend payout ratio of Primerica is 18.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primerica will have a dividend payout ratio of 15.34% next year. This indicates that Primerica will be able to sustain or increase its dividend.
View Primerica's dividend history.

Primerica announced that its board has authorized a stock repurchase plan on Tuesday, February 11th 2020, which authorizes the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

4 brokers have issued 12-month target prices for Primerica's shares. Their forecasts range from $145.00 to $159.00. On average, they expect Primerica's share price to reach $153.00 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
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Some companies that are related to Primerica include MetLife (MET), Prudential Financial (PRU), Aflac (AFL), Lincoln National (LNC), Unum Group (UNM), CNO Financial Group (CNO), American Equity Investment Life (AEL), FBL Financial Group (FFG), National Western Life Group (NWLI), Independence (IHC), Kansas City Life Insurance (KCLI) and Citizens (CIA).
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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 investors include State of Alaska Department of Revenue (0.05%), Louisiana State Employees Retirement System (0.02%), Diversified Trust Co (0.01%), First Citizens Bank & Trust Co. (0.00%) and Sowell Financial Services LLC (0.00%). Company insiders that own Primerica stock include Alison S Rand, Glenn J Williams, Gregory C Pitts, John A Jr Addison, Peter W Schneider and William A Kelly.
View institutional ownership trends for Primerica.

PRI stock was sold by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., and Louisiana State Employees Retirement System. Company insiders that have sold Primerica company stock in the last year include Alison S Rand, Glenn J Williams, Gregory C Pitts, and Peter W Schneider.
View insider buying and selling activity for Primerica or view top insider-selling stocks.

PRI stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Diversified Trust Co, and Sowell Financial Services LLC.
View insider buying and selling activity for Primerica or or view top insider-buying stocks.

Shares of PRI 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.

One share of PRI stock can currently be purchased for approximately $138.05.

Primerica has a market capitalization of $5.43 billion and generates $2.05 billion in revenue each year. The financial services provider earns $366.39 million in net income (profit) each year or $8.43 on an earnings per share basis. Primerica employs 2,201 workers across the globe.

The official website for Primerica is www.primerica.com.

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]