Primerica - PRI Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRI shares.
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6 Wall Street analysts have issued 12 month target prices for Primerica's shares. Their PRI share price forecasts range from $135.00 to $187.00. On average, they anticipate the company's stock price to reach $161.00 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
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Primerica's stock was trading at $153.27 at the start of the year. Since then, PRI stock has decreased by 16.2% and is now trading at $128.37.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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Primerica, Inc. (NYSE:PRI) posted its earnings results on Monday, August, 8th. The financial services provider reported $2.86 EPS for the quarter, missing the consensus estimate of $3.02 by $0.16. The financial services provider earned $668.68 million during the quarter, compared to analyst estimates of $707.24 million. Primerica had a net margin of 12.12% and a trailing twelve-month return on equity of 21.81%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business earned $3.25 earnings per share.

Primerica declared a quarterly dividend on Monday, August 8th. Shareholders of record on Monday, August 22nd will be given a dividend of $0.55 per share on Wednesday, September 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, August 19th.
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 1.68%. 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 25.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 15.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRI.

Primerica announced that its board has initiated a share repurchase program on Thursday, August 11th 2022, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1% of its shares through open market purchases. Shares repurchase programs are generally an indication 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."

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 $128.37.

Primerica (NYSE:PRI) has a market capitalization of $4.81 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 $8.54 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.