Primerica (PRI) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRI, but not buy additional shares or sell existing shares.
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5 brokerages have issued twelve-month price targets for Primerica's stock. Their PRI share price targets range from $197.00 to $275.00. On average, they predict the company's share price to reach $245.50 in the next year. This suggests a possible upside of 27.1% from the stock's current price.
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Primerica's stock was trading at $205.76 at the start of the year. Since then, PRI stock has decreased by 6.1% and is now trading at $193.19.
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Primerica saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 362,900 shares, an increase of 33.4% from the February 29th total of 272,000 shares. Based on an average trading volume of 118,500 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.1% of the shares of the company are short sold.
View Primerica's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our PRI earnings forecast.

Primerica, Inc. (NYSE:PRI) issued its quarterly earnings results on Tuesday, February, 13th. The financial services provider reported $4.25 earnings per share for the quarter, missing analysts' consensus estimates of $4.27 by $0.02. The financial services provider had revenue of $726.34 million for the quarter, compared to analysts' expectations of $723.64 million. Primerica had a trailing twelve-month return on equity of 27.83% and a net margin of 20.37%. Primerica's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.49 EPS.

Primerica declared a quarterly dividend on Thursday, February 8th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.75 per share on Tuesday, March 12th. This represents a $3.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for PRI.

Primerica (NYSE:PRI) pays an annual dividend of $3.00 per share and currently has a dividend yield of 1.40%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 15.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRI.

ETFs with the largest weight of Primerica (NYSE:PRI) stock in their portfolio include Guru Favorite Stocks ETF (GFGF), Harbor Dividend Growth Leaders ETF (GDIV), SPDR S&P Insurance ETF (KIE), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Opus Small Cap Value Plus ETF (OSCV), Invesco Dorsey Wright Financial Momentum ETF (PFI), Running Oak Efficient Growth ETF (RUNN) and Invesco S&P MidCap Momentum ETF (XMMO).

Primerica declared that its board has approved a stock buyback plan on Thursday, November 16th 2023, which allows the company to buyback $425,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its stock is 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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.17%), Running Oak Capital LLC (0.14%), Wealth Enhancement Advisory Services LLC (0.02%), NBC Securities Inc. (0.01%), Curated Wealth Partners LLC (0.00%) and Ausbil Investment Management Ltd (0.01%). Insiders that own company stock include Alison S Rand, Glenn J Williams, Gregory C Pitts, Joel M Babbit, John A Jr Addison, Nicholas Adam Jendusa, P George Benson, Peter W Schneider and Peter W Schneider.
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.
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