PRI - Primerica Inc Stock Price, Fair Value and News

219.39USD+0.18 (+0.08%)Delayed as of 08 May 2024, 01:40 pm ET

Market Summary

USD219.39+0.18

Delayedas of 08 May 2024, 01:40 pm

0.08%

PRI Stock Price

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PRI RSI Chart

PRI Valuation

Market Cap

7.5B

Price/Earnings (Trailing)

12.83

Price/Sales (Trailing)

2.63

EV/EBITDA

8.44

Price/Free Cashflow

10.37

PRI Price/Sales (Trailing)

PRI Profitability

EBT Margin

26.70%

Return on Equity

26.9%

Return on Assets

3.94%

Free Cashflow Yield

9.64%

PRI Fundamentals

PRI Revenue

Revenue (TTM)

2.9B

Rev. Growth (Yr)

7.65%

Rev. Growth (Qtr)

2.27%

PRI Earnings

Earnings (TTM)

587.9M

Earnings Growth (Yr)

10.23%

Earnings Growth (Qtr)

-10.12%

Breaking Down PRI Revenue

52 Week Range

176.81221.00

(Low)(High)

Last 7 days

3.5%

Last 30 days

-11.1%

Last 90 days

-5.9%

Trailing 12 Months

20.3%

How does PRI drawdown profile look like?

PRI Financial Health

PRI Investor Care

Dividend Yield

1.23%

Dividend/Share (TTM)

2.7

Buy Backs (1Y)

5.01%

Diluted EPS (TTM)

16.45

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	2.9B	0	0	0
2023	2.7B	2.7B	2.8B	2.8B
2022	2.8B	2.8B	2.8B	2.7B
2021	2.3B	2.5B	2.6B	2.7B
2020	2.1B	2.1B	2.2B	2.2B
2019	1.9B	2.0B	2.0B	2.1B
2018	1.7B	1.8B	1.9B	1.9B
2017	1.6B	1.6B	1.6B	1.7B
2016	1.4B	1.5B	1.5B	1.5B
2015	1.4B	1.4B	1.4B	1.4B
2014	1.3B	1.3B	1.3B	1.3B
2013	1.2B	1.2B	1.2B	1.2B
2012	1.1B	1.1B	1.2B	1.2B
2011	1.3B	1.2B	1.2B	1.1B
2010	0	1.9B	1.6B	1.4B
2009	0	0	0	2.1B

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Primerica Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	schneider peter w.	sold	-365,115	243	-1,500	president
Mar 13, 2024	jendusa nicholas adam	sold	-58,418	249	-233	principal accounting officer
Mar 12, 2024	day cynthia n	acquired	13,322	246	54.096	-
Mar 12, 2024	babbit joel m.	acquired	4,621	246	18.7656	-
Mar 12, 2024	cottle amber lynne	acquired	1,385	246	5.6241	-
Mar 12, 2024	crittenden gary l	acquired	14,173	246	57.551	-
Mar 12, 2024	perez beatriz r	acquired	7,322	246	29.732	-
Mar 12, 2024	yastine barbara a.	acquired	9,830	246	39.9163	-
Mar 12, 2024	williams donald r.	acquired	5,747	246	23.3366	-
Mar 11, 2024	pitts gregory c.	sold	-922,559	245	-3,759	executive vp and coo

Which funds bought or sold PRI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Ifrah Financial Services, Inc.	reduced	-2.01	58,463	344,958	0.10%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-663,000	-	-%
May 06, 2024	Envestnet Portfolio Solutions, Inc.	added	136	1,049,330	1,599,310	0.01%
May 06, 2024	DiNuzzo Private Wealth, Inc.	unchanged	-	472	2,530	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-68,519	-	-%
May 06, 2024	ORG Partners LLC	sold off	-100	-25,925	-	-%
May 06, 2024	MGB Wealth Management, LLC	unchanged	-	154,828	827,772	0.34%
May 06, 2024	NewEdge Wealth, LLC	added	-	273,545	4,414,900	0.10%
May 06, 2024	HighTower Advisors, LLC	added	0.17	914,000	4,773,000	0.01%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	added	82.33	2,958,000	5,340,000	0.03%

Are Funds Buying or Selling PRI?

Are funds buying PRI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PRI

No. of Funds

Unveiling Primerica Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	brave warrior advisors, llc	6.03%	2,113,726	SC 13G/A
Feb 14, 2024	bamco inc /ny/	5.07%	1,774,994	SC 13G/A
Feb 13, 2024	vanguard group inc	10.48%	3,671,350	SC 13G/A
Feb 13, 2024	kayne anderson rudnick investment management llc	10.53%	3,690,764	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 24, 2024	blackrock inc.	9.2%	3,213,862	SC 13G/A
Feb 14, 2023	brave warrior advisors, llc	5.86%	2,160,660	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	10.52%	3,882,989	SC 13G/A
Feb 14, 2023	bamco inc /ny/	4.84%	1,785,994	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A

Recent SEC filings of Primerica Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 06, 2024	8-K	Current Report
Apr 04, 2024	144	Notice of Insider Sale Intent
Mar 27, 2024	ARS	ARS
Mar 27, 2024	DEF 14A	DEF 14A
Mar 27, 2024	DEFA14A	DEFA14A
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	144	Notice of Insider Sale Intent
Mar 13, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading

Peers (Alternatives to Primerica Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	1.04%	3195.96%	-4.9K	773.83	-10.27%	-34.69%
AJG	53.6B	10.6B	0.45%	13.83%	49.04	5.04	20.42%	-6.05%
AIG	53.3B	48.4B	3.31%	49.36%	11.03	1.1	-4.15%	-20.63%
TRV	49.7B	42.9B	-6.01%	18.86%	15.83	1.16	13.52%	12.15%
AFL	48.1B	19.3B	-0.90%	25.15%	8.99	2.49	3.03%	17.35%
ACGL	36.7B	13.6B	3.49%	28.99%	8.27	2.7	41.83%	201.02%
AFG	10.8B	8.0B	-2.57%	11.52%	12.28	1.36	11.14%	7.56%
MID-CAP
UNM	9.9B	12.6B	-2.35%	17.17%	7.52	0.79	4.24%	-13.40%
AIZ	9.3B	11.1B	-0.68%	35.68%	14.45	0.83	9.21%	132.28%
LNC	5.0B	11.9B	-5.21%	37.41%	3.67	0.41	-33.27%	234.43%
AEL	4.5B	2.8B	-0.20%	45.14%	21.34	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.7B	1.3B	0.25%	17.87%	-31.85	1.37	18.74%	30.90%
AMSF	911.0M	308.9M	0.21%	-15.21%	14.77	2.95	3.79%	10.94%
AMBC	815.9M	314.0M	13.99%	19.72%	14.19	2.6	-29.20%	-88.19%
AAME	35.9M	186.8M	-18.72%	-19.82%	-209.99	0.19	-0.56%	-111.21%

Primerica Inc News

Latest updates

Primerica Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.3%	743	726	711	688	690	687	673	669	691	724	693	655	638	598	568	526	525	532	521	505	495
EBITDA Margin	0.0%	0.29*	0.29*	0.29*	0.26*	0.26*	0.25*	0.25*	0.26*	0.26*	0.26*	0.24*	0.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.8%	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	9.00	8.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00
Income Taxes	-9.2%	41.00	46.00	47.00	44.00	38.00	40.00	42.00	37.00	34.00	60.00	36.00	41.00	30.00	32.00	34.00	33.00	22.00	29.00	29.00	30.00	23.00
Earnings Before Taxes	-9.9%	179	199	199	189	163	188	121	163	146	199	147	169	128	132	146	134	95.00	122	125	127	102
EBT Margin	0.3%	0.27*	0.27*	0.27*	0.24*	0.23*	0.23*	0.23*	0.24*	0.24*	0.24*	0.22*	0.23*	-	-	-	-	-	-	-	-	-
Net Income	-10.1%	138	153	152	145	125	148	80.00	128	115	139	112	128	98.00	100	112	102	72.00	94.00	96.00	97.00	79.00
Net Income Margin	0.3%	0.20*	0.20*	0.21*	0.18*	0.18*	0.17*	0.17*	0.18*	0.18*	0.18*	0.17*	0.18*	-	-	-	-	-	-	-	-	-
Free Cashflow	-12.4%	213	243	141	137	178	208	168	172	216	223	162	157	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.8%	14,909	15,028	14,433	14,752	14,796	14,641	15,042	15,329	15,935	16,196	15,816	15,520	15,114	14,905	14,301	13,965	13,271	13,689	13,452	13,318	13,077
Cash Equivalents	-3.2%	593	613	469	562	515	489	438	400	360	393	326	775	440	548	331	360	273	257	238	245	280
Goodwill	0%	128	128	128	128	128	128	128	9.00	179	179	224	264	-	-	-	-	-	-	-	-	-
Liabilities	-1.8%	12,723	12,962	12,121	12,736	12,875	12,610	13,422	13,551	14,004	14,033	13,710	13,501	13,237	13,069	12,580	12,322	11,741	12,036	11,844	11,732	11,555
Shareholder's Equity	5.8%	2,186	2,066	2,312	2,190	2,177	2,031	1,980	0.00	5.00	925	2,099	1,895	1,785	1,683	1,720	1,570	1,566	59.00	1,608	48.00	1,507
Retained Earnings	0.4%	2,286	2,277	2,215	2,190	2,152	2,154	1,888	1,948	1,980	2,005	1,988	1,895	1,785	1,706	1,629	1,570	1,566	-1.24	1,553	1,538	1,507
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	5.00	17.00	13.00	8.00	-	-	-	-	-	-	-	-
Shares Outstanding	-1.1%	35.00	35.00	35.00	36.00	36.00	37.00	37.00	38.00	39.00	39.00	39.00	39.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	7,062	-	-	-	4,501	-	-	-	6,015	-	-	-	4,604	-	-	-	5,014	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-12.5%	210,898	241,058	139,767	135,746	175,946	206,387	166,796	170,183	214,299	221,835	160,328	155,335	119,458	239,464	87,528	184,903	131,522	164,182	136,246	118,664	66,421
Share Based Compensation	451.1%	12,614	2,289	2,037	2,456	12,129	2,709	1,061	6,154	12,437	2,008	642	2,539	11,653	3,290	2,219	2,357	11,161	2,464	2,070	2,104	10,896
Cashflow From Investing	-3741.9%	-86,288	-2,246	-101,598	44,979	-31,186	-103,257	-7,973	23,854	-112,672	-200,826	-589,489	70,174	-203,242	4,548	-60,811	3,478	-744	-87,125	-57,997	-82,040	25,278
Cashflow From Financing	-49.1%	-142,890	-95,822	-129,881	-134,926	-118,992	-52,554	-118,155	-152,570	-134,571	45,699	-18,827	105,754	-24,652	-29,340	-57,507	-102,669	-112,274	-58,369	-85,072	-71,706	-74,987
Dividend Payments	-100.0%	-	22,870	23,336	23,599	23,910	20,389	20,571	21,178	21,645	18,685	18,671	18,660	18,620	15,850	15,882	16,084	16,530	14,162	14,323	14,517	14,628
Buy Backs	-39.1%	109,100	179,200	3,926	7.00	85,275	98,855	91,528	10.00	99,010	11,758	87.00	941	5,966	18,193	36,794	81,540	90,063	48,447	66,149	52,337	53,625

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PRI Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Direct premiums	$ 3,312,125	$ 3,230,120	$ 3,122,148
Ceded premiums	(1,651,811)	(1,629,892)	(1,616,264)
Net premiums	1,660,314	1,600,228	1,505,884
Commissions and fees	950,416	944,676	1,042,813
Investment income net of investment expenses	201,311	156,987	142,795
Interest expense on surplus note	(65,474)	(63,922)	(62,207)
Net investment income	135,837	93,065	80,588
Realized investment gains (losses)	(645)	1,444	4,665
Other investment gains (losses)	(5,251)	(2,439)	1,207
Investment gains (losses)	(5,896)	(995)	5,872
Other, net	75,020	83,159	74,575
Revenues	2,815,691	2,720,133	2,709,732
Benefits and expenses:
Benefits and claims	642,979	632,403	602,007
Future policy benefits remeasurement (gain) loss	(384)	1,626	1,297
Amortization of deferred policy acquisition costs	275,816	261,629	238,270
Sales commissions	457,444	462,764	522,308
Insurance expenses	235,460	235,405	202,605
Insurance commissions	34,222	30,261	34,532
Contract acquisition costs	55,233	68,431	52,788
Interest expense	26,594	27,237	30,618
Goodwill impairment loss		60,000	76,000
Loss on extinguishment of debt			8,927
Other operating expenses	336,647	320,394	296,851
Total benefits and expenses	2,064,011	2,100,150	2,066,203
Income before income taxes	751,680	619,983	643,529
Income taxes	175,079	152,953	167,544
Net income	576,601	467,030	475,985
Net loss attributable to noncontrolling interests		(5,038)	(1,377)
Net income attributable to Primerica, Inc.	$ 576,601	$ 472,068	$ 477,362
Earnings per share attributable to common stockholders:
Basic earnings per share	$ 15.97	$ 12.37	$ 12.03
Diluted earnings per share	$ 15.94	$ 12.33	$ 11.99
Weighted-average shares used in computing earnings per share:
Basic	35,954	37,997	39,530
Diluted	36,027	38,106	39,652

PRI Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments:
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $2,935,212 in 2023 and $2,801,415 in 2022)	$ 2,719,467	$ 2,495,456
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,334,892 in 2023 and $1,340,265 in 2022)	1,386,980	1,444,920
Short-term investments available-for-sale, at fair value (amortized cost: $276 in 2023 and $69,393 in 2022)	276	69,406
Equity securities, at fair value (historical cost: $27,106 in 2023 and $29,430 in 2022)	29,680	35,404
Trading securities, at fair value (cost: $18,761 in 2023 and $4,229 in 2022)	18,383	3,698
Policy loans and other invested assets	51,175	48,713
Total investments	4,205,961	4,097,597
Cash and cash equivalents	613,148	489,240
Accrued investment income	23,958	20,885
Reinsurance recoverables	3,015,777	3,209,540
Deferred policy acquisition costs, net	3,447,234	3,188,502
Renewal commissions receivable	190,258	200,043
Agent balances, due premiums and other receivables	273,066	254,276
Goodwill	127,707	127,707
Intangible assets, net (accumulated amortization: $26,250 in 2023 and $15,750 in 2022)	175,025	185,525
Income tax receivable	6,920
Deferred income taxes	116,594	93,632
Operating lease right-of-use assets	53,693	40,500
Other assets	382,549	428,259
Separate account assets	2,395,842	2,305,717
Total assets	15,027,732	14,641,423
Liabilities:
Future policy benefits	6,742,025	6,297,906
Unearned and advance premiums	14,876	15,422
Policy claims and other benefits payable	513,803	538,250
Other policyholders’ funds	435,094	483,769
Notes payable	593,709	592,905
Surplus note	1,386,592	1,444,469
Income tax payable	22,669	36,876
Deferred income taxes	112,578	167,142
Operating lease liabilities	61,358	45,995
Other liabilities	583,434	580,780
Payable under securities lending	99,785	100,938
Separate account liabilities	2,395,842	2,305,717
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities	12,961,765	12,610,169
Equity attributable to Primerica, Inc.:
Common stock ($0.01 par value; authorized 500,000 shares in 2023 and 2022; issued and outstanding 34,996 shares in 2023 and 36,824 shares in 2022)	350	368
Retained earnings	2,276,946	2,153,617
Accumulated other comprehensive income (loss), net of income tax:
Effect of change in discount rate assumptions on the liability for future policy benefits	(39,086)	130,416
Unrealized foreign currency translation gains (losses)	(2,235)	(12,279)
Net unrealized investment gains (losses) on available-for-sale securities	(170,008)	(240,868)
Total permanent stockholders’ equity	2,065,967	2,031,254
Total liabilities and temporary and permanent stockholders’ equity	$ 15,027,732	$ 14,641,423

About Primerica Inc

Primerica, Inc., together with its subsidiaries, provides financial products 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. The Term Life Insurance segment underwrites individual term life insurance products. The Investment and Savings Products segment provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, and fixed indexed annuities. The Senior Health segment offers segregated funds; and medicare advantage and supplement products. The Corporate and Other Distributed Products segment provides mortgage loans; 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; ID theft defense services; auto and homeowners' insurance; home automation solutions; and insurance products, including supplemental health and accidental death. It distributes and sells its products through licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

CEO	Mr. Glenn Jackson Williams
WEBSITE	primerica.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	2646

Primerica Inc Frequently Asked Questions

What is the ticker symbol for Primerica Inc? What does PRI stand for in stocks?

PRI is the stock ticker symbol of Primerica Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Primerica Inc (PRI)?

As of Tue May 07 2024, market cap of Primerica Inc is 7.54 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRI stock?

You can check PRI's fair value in chart for subscribers.

What is the fair value of PRI stock?

You can check PRI's fair value in chart for subscribers. The fair value of Primerica Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Primerica Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Primerica Inc a good stock to buy?

The fair value guage provides a quick view whether PRI is over valued or under valued. Whether Primerica Inc is cheap or expensive depends on the assumptions which impact Primerica Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRI.

What is Primerica Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, PRI's PE ratio (Price to Earnings) is 12.83 and Price to Sales (PS) ratio is 2.63. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Primerica Inc's stock?

In the past 10 years, Primerica Inc has provided 0.185 (multiply by 100 for percentage) rate of return.