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NYSE:PRI

Primerica (PRI) Stock Price, News & Analysis

Primerica logo
$302.75 -1.52 (-0.50%)
(As of 11/29/2024 ET)

About Primerica Stock (NYSE:PRI)

Key Stats

Today's Range
$302.74
$306.10
50-Day Range
$263.12
$304.93
52-Week Range
$184.76
$307.91
Volume
48,181 shs
Average Volume
133,103 shs
Market Capitalization
$10.10 billion
P/E Ratio
23.13
Dividend Yield
1.19%
Price Target
$293.50
Consensus Rating
Hold

Company Overview

Primerica, Inc., together with its subsidiaries, provides financial products and services 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 plans. 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 and accidental death, and disability insurance. It distributes and sells its products through licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

Primerica Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

PRI MarketRank™: 

Primerica scored higher than 90% of companies evaluated by MarketBeat, and ranked 159th out of 950 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Primerica has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Primerica has only been the subject of 2 research reports in the past 90 days.

  • Read more about Primerica's stock forecast and price target.
  • Earnings Growth

    Earnings for Primerica are expected to grow by 7.19% in the coming year, from $19.32 to $20.71 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Primerica is 23.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.81.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Primerica is 23.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.57.

  • Price to Book Value per Share Ratio

    Primerica has a P/B Ratio of 5.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Primerica's valuation and earnings.
  • Percentage of Shares Shorted

    0.65% of the float of Primerica has been sold short.
  • Short Interest Ratio / Days to Cover

    Primerica has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Primerica has recently increased by 21.98%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Primerica pays a meaningful dividend of 1.19%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Primerica has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of Primerica is 27.50%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Primerica will have a dividend payout ratio of 17.38% next year. This indicates that Primerica will be able to sustain or increase its dividend.

  • Read more about Primerica's dividend.
  • Percentage of Shares Shorted

    0.65% of the float of Primerica has been sold short.
  • Short Interest Ratio / Days to Cover

    Primerica has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Primerica has recently increased by 21.98%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Primerica has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Primerica this week, compared to 7 articles on an average week.
  • MarketBeat Follows

    57 people have added Primerica to their MarketBeat watchlist in the last 30 days. This is an increase of 613% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Primerica insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,411,510.00 in company stock.

  • Percentage Held by Insiders

    Only 0.85% of the stock of Primerica is held by insiders.

  • Percentage Held by Institutions

    90.88% of the stock of Primerica is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Primerica's insider trading history.
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PRI Stock News Headlines

TD Cowen Forecasts Strong Price Appreciation for Primerica (NYSE:PRI) Stock
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TD Cowen Remains a Buy on Primerica (PRI)
See More Headlines

PRI Stock Analysis - Frequently Asked Questions

Primerica's stock was trading at $205.76 at the start of the year. Since then, PRI shares have increased by 47.1% and is now trading at $302.75.
View the best growth stocks for 2024 here
.

Primerica, Inc. (NYSE:PRI) posted its earnings results on Wednesday, November, 6th. The financial services provider reported $5.68 EPS for the quarter, beating analysts' consensus estimates of $4.81 by $0.87. The firm's quarterly revenue was up 11.0% compared to the same quarter last year.

Primerica's board initiated a share buyback program on Thursday, November 14th 2024, which authorizes the company to buy back $450,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 4.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Top institutional shareholders of Primerica include FMR LLC (9.08%), Bamco Inc. NY (5.13%), State Street Corp (3.25%) and Geode Capital Management LLC (2.09%). Insiders that own company stock include Glenn J Williams, P George Benson, John A Jr Addison, Peter W Schneider, Alison S Rand, Gregory C Pitts and Nicholas Adam Jendusa.
View institutional ownership trends
.

Shares of PRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Primerica investors own include Salesforce (CRM), Home Depot (HD), Chevron (CVX), Johnson & Johnson (JNJ), QUALCOMM (QCOM), Coca-Cola (KO) and Meta Platforms (META).

Company Calendar

Ex-Dividend for 9/12 Dividend
8/21/2024
Dividend Payable
9/12/2024
Last Earnings
11/06/2024
Ex-Dividend for 12/12 Dividend
11/21/2024
Today
11/30/2024
Dividend Payable
12/12/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
Life & Health Insurance
CUSIP
74164M10
Fax
N/A
Employees
3,450
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$293.50
High Stock Price Target
$345.00
Low Stock Price Target
$249.00
Potential Upside/Downside
-3.1%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$576.60 million
Pretax Margin
20.71%

Debt

Sales & Book Value

Annual Sales
$3.07 billion
Cash Flow
$25.19 per share
Book Value
$58.34 per share

Miscellaneous

Free Float
33,087,000
Market Cap
$10.10 billion
Optionable
Optionable
Beta
1.08

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This page (NYSE:PRI) was last updated on 12/1/2024 by MarketBeat.com Staff
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