Morgan Stanley Maintains Equal-Weight on Primerica, Lowers Price Target to $243
$PRI
Life Insurance
Finance
Morgan Stanley analyst Bob Huang maintains Primerica (NYSE:PRI) with a Equal-Weight and lowers the price target from $245 to $243.
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| 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 |
SC 13G/A - Primerica, Inc. (0001475922) (Subject)
SC 13G/A - Primerica, Inc. (0001475922) (Subject)
SC 13G/A - Primerica, Inc. (0001475922) (Subject)
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
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
SCHEDULE 13G/A - Primerica, Inc. (0001475922) (Subject)
8-K/A - Primerica, Inc. (0001475922) (Filer)
10-Q - Primerica, Inc. (0001475922) (Filer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
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.
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) 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