Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products. The company also provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, fixed indexed annuities, and segregated funds. In addition, it offers auto and homeowners' insurance, home automation solutions, and mortgage loans; ID theft defense services; and insurance products, including supplemental health, accidental death, and disability for small businesses. Further, the company provides 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. It distributes and sells its products through licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.
IPO Year: 2010
Exchange: NYSE
Website: primerica.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $314.00 | Buy | TD Cowen |
| 8/30/2024 | $283.00 | Neutral | Piper Sandler |
| 2/12/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 4/13/2023 | $244.00 | Strong Buy | Raymond James |
| 11/10/2022 | Outperform → Mkt Perform | William Blair | |
| 5/19/2022 | $153.00 → $148.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/1/2022 | $199.00 → $187.00 | Outperform | Credit Suisse |
| 2/22/2022 | $175.00 → $159.00 | Overweight | Morgan Stanley |
| 2/15/2022 | $180.00 → $175.00 | Overweight | Morgan Stanley |
| 1/26/2022 | $160.00 | Hold | Jefferies |
TD Cowen initiated coverage of Primerica with a rating of Buy and set a new price target of $314.00
Piper Sandler initiated coverage of Primerica with a rating of Neutral and set a new price target of $283.00
Raymond James downgraded Primerica from Strong Buy to Mkt Perform
Raymond James initiated coverage of Primerica with a rating of Strong Buy and set a new price target of $244.00
William Blair downgraded Primerica from Outperform to Mkt Perform
Morgan Stanley downgraded Primerica from Overweight to Equal-Weight and set a new price target of $148.00 from $153.00 previously
Credit Suisse reiterated coverage of Primerica with a rating of Outperform and set a new price target of $187.00 from $199.00 previously
Morgan Stanley reiterated coverage of Primerica with a rating of Overweight and set a new price target of $159.00 from $175.00 previously
Morgan Stanley reiterated coverage of Primerica with a rating of Overweight and set a new price target of $175.00 from $180.00 previously
Jefferies initiated coverage of Primerica with a rating of Hold and set a new price target of $160.00
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
SCHEDULE 13G/A - Primerica, Inc. (0001475922) (Subject)
8-K/A - Primerica, Inc. (0001475922) (Filer)
10-Q - Primerica, Inc. (0001475922) (Filer)
8-K - Primerica, Inc. (0001475922) (Filer)
8-K - Primerica, Inc. (0001475922) (Filer)
8-K - Primerica, Inc. (0001475922) (Filer)
8-K - Primerica, Inc. (0001475922) (Filer)
10-Q - Primerica, Inc. (0001475922) (Filer)
8-K - Primerica, Inc. (0001475922) (Filer)
8-K - Primerica, Inc. (0001475922) (Filer)
PFSL Fund Management Ltd. (PFSL) announced today that it has changed the risk rating for Primerica Income Fund (the Fund) from "low" to "low to medium". The change is a result of the risk rating methodology mandated by the Canadian Securities Administrators and the periodic review by PFSL to determine the risk level of its publicly-offered mutual funds. No material changes have been made to the investment objective, strategies or management of the Fund as a result. The change of the risk rating will be reflected in the Fund's offering documents, which will be completed in accordance with applicable securities laws. About PFSL Fund Management Ltd. PFSL Fund Management Ltd. (PFSL) is an i
After reporting solid third quarter results, Primerica, Inc. (NYSE:PRI) today announced that its Board of Directors has authorized a $450 million share repurchase program to occur through December 31, 2025. Share repurchases may be made from time to time through open market transactions, block trades and/or privately negotiated transactions and are subject to market conditions, as well as corporate, regulatory, and other considerations. "We are pleased with our success at growing revenue and driving free cash flow for the Company," said Glenn Williams, Chief Executive Officer of Primerica. "Our financial results support the Board of Directors' decision to authorize another share repurchas
Life-licensed sales force grew 7% driven by solid recruiting and a 17% increase in new life licenses Term Life net premiums grew 5%; adjusted direct premiums up 6% Issued Term Life face amount of $31 billion, up 5%; total in force coverage of $958 billion Investment and Savings Products sales of $2.9 billion, up 34% Investment and Savings Products client asset values up 26%, ending the quarter at $111 billion Net earnings per diluted share from continuing operations (EPS) of $5.72 increased 31% (including a remeasurement gain of $0.52 per diluted share); return on stockholders' equity (ROE) of 38.3% Diluted adjusted operating earnings per share of $5.68 increased 28% (including a reme
Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with income between $30,000 and $130,000. In September 2024, the average purchasing power for middle-income families was 102.7%, up from 102.1% in August 2024. This marks the fifth consecutive month purchasing power rose for middle-income families. The sharp decline in gas prices was the primary driver for the modest improvements in spending power in September. This press release features multimedia. View the full release her
Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Thursday, November 7, 2024, at 10:00 a.m. Eastern time to discuss the Company's results for the quarter ended September 30, 2024, as well as other business-related matters, including future expectations. A news release announcing the quarter's results will be distributed after the close of the market on Wednesday, November 6, 2024. The earnings news release, financial supplement and live webcast will be available on the Primerica Investors website at https://investors.primerica.com. A replay of the call will be available for approximately 30 days. About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA,
Households continue to slowly climb out of the pandemic-era financial hole caused by inflation Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products in the United States and Canada, released its Financial Security Monitor™ (FSM™) survey for the third quarter of 2024, revealing that a majority of middle-income Americans are feeling increasingly pessimistic about their personal finances, the economic health of their communities and their ability to save for the future. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241008472706/en/Primerica Household Budget Index™ - Spending power reached its highest le
Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with income between $30,000 and $130,000. In August 2024, the average purchasing power for middle-income families was 102.2%, up from 101.5% in July 2024. Spending power reached its highest level since February 2021 in August and was 5% higher than a year ago, when the index stood at 97.2%. Middle-income households benefited from falling gas and utilities prices along with steady food prices. This press release features multi
Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products to middle-income families in the United States and Canada, today announced the appointment of Robert H. Peterman Jr. to the role of Executive Vice President and Chief Operating Officer, reporting to the company's Chief Executive Officer, Glenn Williams, beginning on October 1, 2024. Gregory C. Pitts, the Company's current Executive Vice President and Chief Operating Officer, informed the Company of his intention to retire after forty years of service on or about April 1, 2025, and he will relinquish the Chief Operating Officer title effective October 1, 2024. This press release features multimedia. View the fu
Survey data of more than 7,800 women finds insecurity in ability to invest in investment accounts, despite confidence in budgeting skills and ability to save Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products in the United States and Canada, released its report on Empowering Middle-Income Women's Financial Decisions: Navigating Confidence, Opportunity and Representation in the Financial Services Industry. Report findings reveal that despite the remarkable gains women have made in work, education and financial security over the past 50 years, significant gaps persist in how women understand and manage their finances. This lack of confidence, coupled with an
Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with income between $30,000 and $130,000. In July 2024, the average purchasing power for middle-income households was 101.1%, relatively unchanged compared to 101.0% in June 2024. A year ago, the index stood at 97.5%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827621280/en/Primerica Household Budget Index™ - In July 2024, the average purchasing power for mi
Primerica (NYSE:PRI) has outperformed the market over the past 10 years by 7.24% on an annualized basis producing an average annual return of 18.15%. Currently, Primerica has a market capitalization of $8.60 billion. Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,299.41 today based on a price of $249.92 for PRI at the time of writing. Primerica's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and rev
4 analysts have expressed a variety of opinions on Primerica (NYSE:PRI) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $250.75, a high estimate of $275.00, and a low estimate of $236.00. Observing a 2.98% increase, the
Jefferies analyst Suneet Kamath maintains Primerica (NYSE:PRI) with a Hold and raises the price target from $239 to $249.
Keefe, Bruyette & Woods analyst Ryan Krueger maintains Primerica (NYSE:PRI) with a Market Perform and raises the price target from $255 to $275.
Primerica, Inc. (NYSE:PRI) announced today that after carefully considering various options, the Board of Directors has opted to exit its senior health business by relinquishing ownership of e-TeleQuote Insurance, Inc. (e-TeleQuote). The senior health subsidiary, acquired in July 2021, does not have a clear path toward anticipated profitability within an acceptable timeframe in the increasingly challenging senior health distribution market. Further, the industry is facing an uncertain regulatory environment that could adversely impact the business.The Board and management recognize that there remains significant demand for senior healthcare due to the aging of the U.S. population and continu
Primerica's (NYSE:PRI) short percent of float has fallen 27.87% since its last report. The company recently reported that it has 472 thousand shares sold short, which is 1.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.53 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Morgan Stanley analyst Bob Huang maintains Primerica (NYSE:PRI) with a Equal-Weight and lowers the price target from $245 to $243.
Primerica (NYSE:PRI) has outperformed the market over the past 10 years by 6.59% on an annualized basis producing an average annual return of 17.34%. Currently, Primerica has a market capitalization of $8.14 billion. Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $4,898.04 today based on a price of $236.58 for PRI at the time of writing. Primerica's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and rev
Jefferies analyst Suneet Kamath maintains Primerica (NYSE:PRI) with a Hold and raises the price target from $235 to $236.
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Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products to middle-income families in the United States and Canada, today announced the appointment of Robert H. Peterman Jr. to the role of Executive Vice President and Chief Operating Officer, reporting to the company's Chief Executive Officer, Glenn Williams, beginning on October 1, 2024. Gregory C. Pitts, the Company's current Executive Vice President and Chief Operating Officer, informed the Company of his intention to retire after forty years of service on or about April 1, 2025, and he will relinquish the Chief Operating Officer title effective October 1, 2024. This press release features multimedia. View the fu
Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families in the United States and Canada, today announced the appointment of Tracy Tan to the role of Executive Vice President, Finance reporting to the company's Chief Executive Officer, Glenn Williams beginning on October 16, 2023. Tan will assume the role of Chief Financial Officer as of the date that the Company's existing Chief Financial Officer relinquishes that title, which shall occur no later than April 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230914088579/en/Primerica names Tracy Tan as successor to Chief Financial Offi
Primerica, Inc. (NYSE:PRI) announced today that the Board of Directors has approved a 15% increase in stockholder dividend for the first quarter of 2024 to $0.75 per share. The dividend is payable on March 12, 2024, to stockholders of record on February 21, 2024. Glenn Williams, Chief Executive Officer said, "Our Board of Directors remains committed to returning capital to our stockholders and is pleased to announce another increase in dividend. This marks the 18th increase since our IPO in April 2010." About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent l
Primerica, Inc. (NYSE:PRI) announced today that the Board of Directors has approved an 18% increase in stockholder dividends to $0.65 per share. The dividend is payable on March 14, 2023, to stockholders of record on February 21, 2023. Glenn Williams, Chief Executive Officer said, "Our Board of Directors is pleased with Primerica's continued strong cash generation, which has supported an increase in the dividend every year since our IPO in April 2010 and has allowed us to continue enhancing stockholder returns." About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial services to middle-income households in North America. Independent licensed
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Primerica Life Insurance Company (Nashville, TN) and its affiliates, National Benefit Life Insurance Company (Long Island City, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario), collectively referred to as Primerica Group. Additionally, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) of Primerica, Inc. (Primerica) (headquartered in Duluth, GA) (NYSE:PRI), which is the holding company for the group's insurance and noninsurance operating companies. AM Best also has affirmed the Long-Term Issue Credit Rating of "a
Primerica, Inc. (NYSE:PRI) today announced that its Board of Directors has authorized a $50 million increase to its previously announced share repurchase program through December 31, 2022, bringing the total authorization to $375 million. As a result, the Company expects to repurchase $356 million of its common stock in 2022. The share repurchases may be made from time to time through open market transactions, block trades and/or privately negotiated transactions and are subject to market conditions, as well as corporate, regulatory, and other considerations. "Our Term Life business remains a consistent source of deployable capital that has enabled us to provide an attractive return to our
Primerica, Inc. (NYSE:PRI) announced today that the Board of Directors has approved a 17% increase in stockholder dividends to $0.55 per share. The dividend is payable on March 14, 2022, to stockholders of record on February 22, 2022. About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Primerica Life Insurance Company (Nashville, TN) and its affiliates, National Benefit Life Insurance Company (Long Island City, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario), collectively referred to as Primerica Life. Additionally, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) of Primerica, Inc. (Primerica) (headquartered in Duluth, GA) (NYSE:PRI), which is the holding company for the group's insurance and noninsurance operating companies. AM Best also has affirmed the Long-Term Issue Credit Rating of "a-