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
Current SymbolNYSE:PRI
Previous Symbol
CUSIP74164M10
Phone770-381-1000
Debt
Debt-to-Equity RatioN/A
Current Ratio0.59
Quick Ratio0.59
Price-To-Earnings
Trailing P/E Ratio21.41
Forward P/E Ratio16.37
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.69 billion
Price / Sales3.00
Cash Flow$10.9407 per share
Price / Cash10.80
Book Value$33.62 per share
Price / Book3.51
Profitability
EPS (Most Recent Fiscal Year)$5.52
Net Income$350.25 million
Net Margins21.88%
Return on Equity21.72%
Return on Assets2.46%
Miscellaneous
Employees2,104
Outstanding Shares42,940,000
Market Cap$4.98 billion
OptionableOptionable
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, November 7th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.25 per share on Friday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, November 19th. View Primerica's Dividend History.
How will Primerica's stock buyback program work?
Primerica declared that its board has initiated a stock repurchase plan on Thursday, February 8th 2018, which authorizes the company to repurchase $225,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.
How were Primerica's earnings last quarter?
Primerica, Inc. (NYSE:PRI) issued its earnings results on Tuesday, November, 6th. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.86 by $0.07. The financial services provider earned $484.78 million during the quarter, compared to analyst estimates of $478.87 million. Primerica had a net margin of 21.88% and a return on equity of 21.72%. The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 EPS. View Primerica's Earnings History.
When is Primerica's next earnings date?
What price target have analysts set for PRI?
4 equities research analysts have issued 12-month target prices for Primerica's shares. Their forecasts range from $102.00 to $118.00. On average, they anticipate Primerica's stock price to reach $110.00 in the next year. This suggests that the stock has a possible downside of 6.9%. View Analyst Price Targets for Primerica.
What is the consensus analysts' recommendation for Primerica?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." 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. " (11/14/2018)
- 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)
Has Primerica been receiving favorable news coverage?
Headlines about PRI stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Primerica earned a coverage optimism score of 3.5 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the stock's share price in the near term.
Who are some of Primerica's key competitors?
Some companies that are related to Primerica include HANNOVER RUECK/S (HVRRY), Lincoln National (LNC), AEGON (AEG), SONY Finl HOLDI/ADR (SNYFY), Torchmark (TMK), Scor (SCRYY), Reinsurance Group of America (RGA), Athene (ATH), Voya Financial (VOYA), Brighthouse Financial (BHF), American National Insurance (ANAT), American Equity Investment Life (AEL), Genworth Financial (GNW), FBL Financial Group (FFG) and FGL (FG).
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, Chief Exec. Officer of PFS Investments (Age 62)
Who are Primerica's major shareholders?
Primerica's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.44%), Bamco Inc. NY (5.85%), FMR LLC (5.07%), Burgundy Asset Management Ltd. (3.20%), Dimensional Fund Advisors LP (2.56%) and Cantillon Capital Management LLC (2.17%). Company insiders that own Primerica stock include Alison S Rand, Barbara A Yastine, Glenn J Williams, Gregory C Pitts, 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 Burgundy Asset Management Ltd., Dimensional Fund Advisors LP, Victory Capital Management Inc., Cantillon Capital Management LLC, BlackRock Inc., Retirement Systems of Alabama, Bank of New York Mellon Corp and AQR Capital Management LLC. Company insiders that have sold Primerica company stock in the last year include Alison S Rand, Barbara A Yastine, Glenn J Williams, Gregory C Pitts, P George Benson, Peter W Schneider, Robert F Mccullough and William A Kelly. 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 FMR LLC, Walthausen & Co. LLC, Macquarie Group Ltd., Fuller & Thaler Asset Management Inc., Man Group plc, Ontario Teachers Pension Plan Board, State of New Jersey Common Pension Fund D and James Investment Research 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 $118.16.
How big of a company is Primerica?
Primerica has a market capitalization of $4.98 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.
What is Primerica's official website?
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.
