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NYSE:PRI

Primerica - PRI Stock Forecast, Price & News

$136.77
+0.41 (+0.30%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$134.26
$137.09
50-Day Range
$110.93
$137.87
52-Week Range
$110.22
$179.51
Volume
118,333 shs
Average Volume
174,419 shs
Market Capitalization
$5.12 billion
P/E Ratio
16.02
Dividend Yield
1.61%
Price Target
$161.00

Primerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
17.7% Upside
$161.00 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.65
Upright™ Environmental Score
News Sentiment
0.51mentions of Primerica in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$477,280 Sold Last Quarter
Proj. Earnings Growth
21.62%
From $11.38 to $13.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Finance Sector

143rd out of 914 stocks

Life Insurance Industry

4th out of 19 stocks

PRI stock logo

About Primerica (NYSE:PRI) Stock

Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites individual term life insurance products. The Investment and Savings Products segment provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, and fixed indexed annuities. The Senior Health segment offers segregated funds; and medicare advantage and supplement products. The Corporate and Other Distributed Products segment provides mortgage loans; 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; ID theft defense services; auto and homeowners' insurance; home automation solutions; and insurance products, including supplemental health, accidental death, and disability for small businesses. It distributes and sells its products through a network of 129,515 licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

Primerica Stock Performance

Shares of NYSE:PRI traded up $0.41 during mid-day trading on Thursday, reaching $136.77. The company had a trading volume of 118,333 shares, compared to its average volume of 174,419. The stock has a fifty day moving average of $123.09 and a two-hundred day moving average of $129.26. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 16.01 and a beta of 1.29. Primerica has a 12-month low of $110.22 and a 12-month high of $179.51.

Primerica (NYSE:PRI - Get Rating) last posted its quarterly earnings results on Monday, August 8th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.18). The company had revenue of $668.68 million during the quarter, compared to analysts' expectations of $707.24 million. Primerica had a return on equity of 21.81% and a net margin of 12.12%. Primerica's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $3.25 earnings per share. Sell-side analysts forecast that Primerica will post 11.38 earnings per share for the current fiscal year.

Primerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Monday, August 22nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, August 19th. Primerica's payout ratio is presently 25.76%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PRI. Morgan Stanley lifted their target price on Primerica from $132.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday. Truist Financial lifted their target price on Primerica from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $161.00.

Insider Activity at Primerica

In related news, CEO Glenn J. Williams sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $119.32, for a total transaction of $477,280.00. Following the transaction, the chief executive officer now owns 62,215 shares of the company's stock, valued at $7,423,493.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company's stock.

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PRI Stock News Headlines

Primerica (NYSE:PRI) PT Raised to $135.00
Primerica (PRI) Shares Cross Above 200 DMA
Share Repurchase Plan Announced by Primerica (NYSE:PRI) Board
Primerica (NYSE:PRI) to Repurchase $50.00 million in Stock
Primerica (NYSE:PRI) Price Target Raised to $160.00
See More Headlines
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PRI Company Calendar

Ex-Dividend for 6/14 Dividend
5/19/2022
Dividend Payable
6/14/2022
Last Earnings
8/08/2022
Today
8/18/2022
Ex-Dividend for 9/14 Dividend
8/19/2022
Dividend Payable
9/14/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Life insurance
Sub-Industry
Life & Health Insurance
Sector
Finance
CUSIP
74164M10
Fax
N/A
Employees
2,621
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$161.00
High Stock Price Forecast
$187.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+17.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$373.36 million
Pretax Margin
16.34%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$20.72 per share
Book Value
$47.41 per share

Miscellaneous

Free Float
37,135,000
Market Cap
$5.12 billion
Optionable
Optionable
Beta
1.29

Key Executives

  • Mr. Glenn Jackson Williams (Age 63)
    CEO & Director
    Comp: $2.31M
  • Mr. Peter Wayne SchneiderMr. Peter Wayne Schneider (Age 66)
    Pres
    Comp: $1.58M
  • Ms. Alison Sue RandMs. Alison Sue Rand (Age 54)
    Exec. VP & CFO
    Comp: $1.13M
  • Mr. Gregory Carl PittsMr. Gregory Carl Pitts (Age 59)
    Exec. VP & COO
    Comp: $1.13M
  • Mr. Michael Craig Adams (Age 65)
    Co-Head of Bus. Technology, Chief Bus. Technology Officer & Exec. VP
  • Ms. Lisa Abraham Brown (Age 52)
    Exec. VP & Chief Admin. Officer
  • Ms. Nicole Russell
    Sr. VP of Investor Relations
  • Mr. Jeffrey Scott Fendler (Age 65)
    Exec. VP and Chief Compliance & Risk Officer
  • Mr. Brett Allan Rogers (Age 57)
    Exec. VP & Gen. Counsel
  • Mr. Robert Hudson Peterman Jr. (Age 56)
    Exec. VP & Chief Marketing Officer













PRI Stock - Frequently Asked Questions

Should I buy or sell Primerica stock right now?

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.
View PRI analyst ratings
or view top-rated stocks.

What is Primerica's stock price forecast for 2022?

6 equities research analysts have issued twelve-month price objectives for Primerica's shares. Their PRI share price forecasts range from $135.00 to $187.00. On average, they predict the company's stock price to reach $161.00 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
View analysts price targets for PRI
or view top-rated stocks among Wall Street analysts.

How have PRI shares performed in 2022?

Primerica's stock was trading at $153.27 at the beginning of the year. Since then, PRI stock has decreased by 11.0% and is now trading at $136.36.
View the best growth stocks for 2022 here
.

Are investors shorting Primerica?

Primerica saw a increase in short interest in July. As of July 31st, there was short interest totaling 580,100 shares, an increase of 17.7% from the July 15th total of 492,900 shares. Based on an average daily volume of 163,100 shares, the short-interest ratio is presently 3.6 days. Approximately 1.5% of the company's stock are short sold.
View Primerica's Short Interest
.

When is Primerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our PRI earnings forecast
.

How were Primerica's earnings last quarter?

Primerica, Inc. (NYSE:PRI) released its quarterly earnings results on Monday, August, 8th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by $0.18. The financial services provider earned $668.68 million during the quarter, compared to analysts' expectations of $707.24 million. Primerica had a net margin of 12.12% and a trailing twelve-month return on equity of 21.81%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.25 earnings per share.

How often does Primerica pay dividends? What is the dividend yield for Primerica?

Primerica announced a quarterly dividend on Monday, August 8th. Investors 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 1.61%. The ex-dividend date of this dividend is Friday, August 19th.
Read our dividend analysis for PRI
.

Is Primerica a good dividend stock?

Primerica (NYSE:PRI) pays an annual dividend of $2.20 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 13 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.

How will Primerica's stock buyback program work?

Primerica announced that its Board of Directors has authorized a stock buyback program on Thursday, August 11th 2022, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

What is Glen Williams' approval rating as Primerica's CEO?

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.

What other stocks do shareholders of Primerica own?

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).

What is Primerica's stock symbol?

Primerica trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRI."

Who are Primerica's major shareholders?

Primerica's stock is owned by many different institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (10.66%), FMR LLC (9.35%), Burgundy Asset Management Ltd. (3.30%), State Street Corp (2.97%), Wells Fargo & Company MN (1.45%) and Millennium Management LLC (1.21%). 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.
View institutional ownership trends
.

How do I buy shares of Primerica?

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.
Compare Top Brokerages Here.

What is Primerica's stock price today?

One share of PRI stock can currently be purchased for approximately $136.36.

How much money does Primerica make?

Primerica (NYSE:PRI) has a market capitalization of $5.11 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.

How many employees does Primerica have?

The company employs 2,621 workers across the globe.

How can I contact Primerica?

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.

This page (NYSE:PRI) was last updated on 8/18/2022 by MarketBeat.com Staff

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