Primerica (PRI) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $264.96 to $271.50
• 50-Day Range: $266.84 to $304.93
• 52-Week Range: $184.76 to $307.91
• Volume: 860,779 shs
• Average Volume: 156,831 shs
• Market Capitalization: $9.06 billion
• P/E Ratio: 20.74
• Dividend Yield: 1.33%
• Price Target: $296.33
• Consensus Rating: Hold

Primerica Stock Analysis - MarketRank™

Primerica scored higher than 86% of companies evaluated by MarketBeat, and ranked 203rd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

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 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.19%

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 20.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of Primerica is 20.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.80.

Price to Book Value per Share Ratio

Primerica has a P/B Ratio of 4.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.82% 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 2, 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 27.40%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Primerica pays a meaningful dividend of 1.31%, 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.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.71

Percentage of Shares Shorted

0.82% 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 2, 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 27.40%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.58

News Sentiment

Primerica has a news sentiment score of 0.58. 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 lower news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Primerica this week, compared to 8 articles on an average week.

MarketBeat Follows

127 people have added Primerica to their MarketBeat watchlist in the last 30 days. This is an increase of 505% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $903,810.00 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.

PRI Stock Analysis - Frequently Asked Questions

How have PRI shares performed this year?

Primerica's stock was trading at $205.76 at the start of the year. Since then, PRI shares have increased by 31.9% and is now trading at $271.50.
View the best growth stocks for 2024 here.

How were Primerica's earnings last quarter?

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

Is Primerica buying back stock?

Primerica's Board of Directors initiated a stock buyback plan on Thursday, November 14th 2024, which allows the company to buy back $450,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Who are Primerica's major shareholders?

Primerica's top institutional investors 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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Primerica own?

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

• Last Earnings: 11/06/2024
• Ex-Dividend for 12/12 Dividend: 11/21/2024
• Dividend Payable: 12/12/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Life insurance
• Sub-Industry: Life & Health Insurance
• Current Symbol: NYSE:PRI
• CUSIP: 74164M10
• CIK: 1475922
• Web: www.primerica.com
• Phone: (770) 381-1000
• Fax: N/A
• Employees: 3,450
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $296.33
• High Stock Price Target: $345.00
• Low Stock Price Target: $249.00
• Potential Upside/Downside: +9.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.09
• Trailing P/E Ratio: 20.74
• Forward P/E Ratio: 14.05
• P/E Growth: N/A
• Net Income: $576.60 million
• Net Margins: 14.95%
• Pretax Margin: 20.71%
• Return on Equity: 30.93%
• Return on Assets: 4.34%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.38
• Quick Ratio: 0.38

Sales & Book Value

• Annual Sales: $3.07 billion
• Price / Sales: 2.95
• Cash Flow: $24.46 per share
• Price / Cash Flow: 11.10
• Book Value: $58.97 per share
• Price / Book: 4.60

Miscellaneous

• Outstanding Shares: 33,371,000
• Free Float: 33,087,000
• Market Cap: $9.06 billion
• Optionable: Optionable
• Beta: 1.09