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 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRI shares.
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5 analysts have issued twelve-month price objectives for Primerica's shares. Their PRI share price targets range from $195.00 to $260.00. On average, they predict the company's stock price to reach $219.20 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
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Primerica's stock was trading at $141.82 at the beginning of the year. Since then, PRI stock has increased by 45.1% and is now trading at $205.76.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our PRI earnings forecast.

Primerica, Inc. (NYSE:PRI) announced its quarterly earnings results on Tuesday, November, 7th. The financial services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.25. The financial services provider had revenue of $710.90 million for the quarter, compared to analyst estimates of $703.50 million. Primerica had a trailing twelve-month return on equity of 28.00% and a net margin of 19.94%. The business's revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.02 EPS.

Primerica declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.65 per share on Tuesday, December 12th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, November 20th.
Read our dividend analysis for PRI.

Primerica (NYSE:PRI) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 17.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 14.80% 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), Invesco Dorsey Wright Financial Momentum ETF (PFI), Running Oak Efficient Growth ETF (RUNN), Opus Small Cap Value Plus ETF (OSCV), Nuveen Small Cap Select ETF (NSCS) and iShares U.S. Insurance ETF (IAK).

Primerica declared that its board has approved a stock buyback program on Thursday, November 16th 2023, which allows the company to repurchase $425,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors 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).

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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