Primerica (PRI) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 12-month price targets for Primerica's shares. Their PRI share price targets range from $197.00 to $275.00. On average, they anticipate the company's share price to reach $245.50 in the next twelve months. This suggests a possible upside of 11.6% 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 increased by 6.9% and is now trading at $220.00.
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Primerica saw a increase in short interest during 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 daily volume of 118,500 shares, the short-interest ratio is currently 3.1 days. Currently, 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 6th 2024.
View our PRI earnings forecast.

Primerica, Inc. (NYSE:PRI) released its earnings results on Tuesday, February, 13th. The financial services provider reported $4.25 EPS for the quarter, missing the consensus estimate of $4.27 by $0.02. The financial services provider earned $726.34 million during the quarter, compared to the consensus estimate of $723.64 million. Primerica had a net margin of 20.37% and a trailing twelve-month return on equity of 27.83%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.49 EPS.

Primerica declared a quarterly dividend on Thursday, February 8th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.75 per share on Tuesday, March 12th. This represents a $3.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date 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 Harbor Dividend Growth Leaders ETF (GDIV), Sovereigns Capital Flourish Fund (SOVF), 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 announced that its Board of Directors has initiated a stock buyback program on Thursday, November 16th 2023, which authorizes the company to buyback $425,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are 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 number of retail and institutional investors. Top institutional shareholders include Leeward Investments LLC MA (0.29%), Los Angeles Capital Management LLC (0.17%), Running Oak Capital LLC (0.14%), State of Michigan Retirement System (0.02%), Wealth Enhancement Advisory Services LLC (0.02%) and NBC Securities Inc. (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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