Primerica (PRI) Stock Price, News & Analysis

5 Wall Street research 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 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 Wall Street analysts have issued 1-year price objectives 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 year. This suggests a possible upside of 9.7% 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 shares have increased by 8.7% and is now trading at $223.76.
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Primerica saw a increase in short interest in April. As of April 30th, there was short interest totaling 654,900 shares, an increase of 80.0% from the April 15th total of 363,800 shares. Based on an average daily trading volume, of 183,300 shares, the short-interest ratio is currently 3.6 days. Currently, 1.9% 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, August 5th 2024.
View our PRI earnings forecast.

Primerica, Inc. (NYSE:PRI) issued its quarterly earnings results on Monday, May, 6th. The financial services provider reported $3.91 EPS for the quarter, missing the consensus estimate of $4.12 by $0.21. The financial services provider had revenue of $742.83 million for the quarter, compared to analyst estimates of $740.57 million. Primerica had a net margin of 20.44% and a trailing twelve-month return on equity of 27.35%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.49 earnings per share.

Primerica announced a quarterly dividend on Monday, May 6th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.75 per share on Wednesday, June 12th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, May 20th.
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 1.36%. 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 18.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 15.36% 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), Invesco Dorsey Wright Financial Momentum ETF (PFI), Opus Small Cap Value Plus ETF (OSCV), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and Invesco S&P MidCap Momentum ETF (XMMO).

Primerica announced that its board has approved a stock buyback program on Thursday, November 16th 2023, which authorizes the company to repurchase $425,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically a sign 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.49%), Westfield Capital Management Co. LP (0.66%), Principal Financial Group Inc. (0.63%), Leeward Investments LLC MA (0.29%), WCM Investment Management LLC (0.23%) and Swiss National Bank (0.20%). 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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