Investment Analysts’ Recent Ratings Updates for Primerica (PRI)

Primerica (NYSE: PRI) has recently received a number of price target changes and ratings updates:

• 1/30/2025 – Primerica was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/23/2025 – Primerica is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $311.00 price target on the stock.
• 1/22/2025 – Primerica was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/14/2025 – Primerica was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/10/2025 – Primerica had its price target lowered by analysts at Keefe, Bruyette & Woods from $320.00 to $315.00. They now have a “market perform” rating on the stock.
• 1/6/2025 – Primerica was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/18/2024 – Primerica had its price target lowered by analysts at Piper Sandler from $313.00 to $300.00. They now have a “neutral” rating on the stock.

Primerica Stock Performance

PRI traded down $0.57 during midday trading on Friday, hitting $290.71. The company had a trading volume of 44,872 shares, compared to its average volume of 133,683. The company has a market capitalization of $9.70 billion, a PE ratio of 22.21 and a beta of 1.11. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $307.91. The firm’s 50-day simple moving average is $284.59 and its 200-day simple moving average is $272.66.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.87. The business had revenue of $774.13 million during the quarter, compared to the consensus estimate of $745.25 million. Primerica had a net margin of 14.95% and a return on equity of 30.93%. Primerica’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.28 earnings per share. As a group, sell-side analysts anticipate that Primerica, Inc. will post 19.79 EPS for the current fiscal year.

Primerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, November 21st. Primerica’s payout ratio is presently 27.50%.

Insider Buying and Selling at Primerica

In other news, CEO Glenn J. Williams sold 3,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $301.27, for a total transaction of $903,810.00. Following the completion of the sale, the chief executive officer now owns 36,322 shares of the company’s stock, valued at $10,942,728.94. This represents a 7.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PRI. Geode Capital Management LLC lifted its stake in Primerica by 3.9% in the third quarter. Geode Capital Management LLC now owns 696,839 shares of the financial services provider’s stock valued at $184,807,000 after acquiring an additional 25,951 shares during the last quarter. Raymond James & Associates lifted its stake in Primerica by 4.6% in the third quarter. Raymond James & Associates now owns 121,349 shares of the financial services provider’s stock valued at $32,176,000 after acquiring an additional 5,323 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Primerica by 8.7% in the third quarter. Los Angeles Capital Management LLC now owns 108,399 shares of the financial services provider’s stock valued at $28,742,000 after acquiring an additional 8,641 shares during the last quarter. Prospector Partners LLC lifted its stake in Primerica by 0.3% in the third quarter. Prospector Partners LLC now owns 77,055 shares of the financial services provider’s stock valued at $20,431,000 after acquiring an additional 210 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Primerica by 0.5% in the third quarter. Stifel Financial Corp now owns 63,984 shares of the financial services provider’s stock valued at $16,965,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.