Primerica (NYSE:PRI) Issues Earnings Results

Primerica (NYSE:PRI) released its quarterly earnings data on Wednesday. The financial services provider reported $6.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.40 by $0.37, FiscalAI reports. Primerica had a net margin of 22.86% and a return on equity of 31.92%. The firm had revenue of $901.82 million for the quarter, compared to analysts’ expectations of $901.00 million. During the same quarter in the previous year, the company earned $6.33 earnings per share.

Primerica Trading Up 0.7%

PRI traded up $1.96 during trading on Friday, reaching $290.92. The stock had a trading volume of 176,028 shares, compared to its average volume of 200,780. The stock’s 50 day moving average is $283.00 and its two-hundred day moving average is $278.88. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 11.50 and a beta of 0.86. Primerica has a one year low of $230.09 and a one year high of $327.28.

Primerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Friday, November 20th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 20th. Primerica’s dividend payout ratio is presently 19.28%.

Key Stories Impacting Primerica

Here are the key news stories impacting Primerica this week:

• Positive Sentiment: Q3 adjusted earnings were $6.77 per share, above the roughly $6.40 analyst consensus and up from $6.33 a year earlier. Revenue of $901.82 million also slightly exceeded expectations. Read More.
• Positive Sentiment: Record investment sales rose 19% year over year, while client asset values reached $140 billion—evidence of strength in Primerica’s investment business. Read More.
• Positive Sentiment: The company declared a quarterly dividend of $1.20 per share, equivalent to $4.80 annually and a stated yield of about 1.7%. Read More.
• Neutral Sentiment: One assessment said the shares looked fairly valued despite the strong results, suggesting the earnings beat may be partly reflected in the stock. Read More.
• Negative Sentiment: Primerica expects full-year 2026 issued policies to decline 8%–10%, a potential headwind for its term-life business. Management expects investment sales to grow at a mid- to high-teens pace, which may partly offset that weakness. Read More.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PRI. Truist Financial downgraded Primerica from a “buy” rating to a “hold” rating and reduced their price target for the company from $370.00 to $320.00 in a report on Thursday, August 27th. Jefferies Financial Group increased their price objective on Primerica from $266.00 to $268.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Weiss Ratings cut Primerica from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods decreased their target price on Primerica from $335.00 to $330.00 and set a “market perform” rating for the company in a report on Friday, October 9th. Finally, TD Cowen raised their price target on Primerica from $322.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Primerica presently has a consensus rating of “Hold” and a consensus price target of $318.80.

Insider Buying and Selling

In related news, CEO Glenn Williams sold 1,500 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $320.20, for a total transaction of $480,300.00. Following the sale, the chief executive officer owned 32,196 shares of the company’s stock, valued at $10,309,159.20. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amber Cottle sold 279 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $313.63, for a total transaction of $87,502.77. Following the completion of the sale, the director owned 3,549 shares in the company, valued at approximately $1,113,072.87. This trade represents a 7.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,579 shares of company stock worth $1,130,573 in the last three months. 0.63% of the stock is owned by corporate insiders.

Primerica Company Profile

Primerica, Inc is a financial services company that focuses on serving middle-income households in the United States and Canada, as well as families in Puerto Rico. The company distributes its products and services through a network of independent representatives who provide financial education and help clients address protection, savings and investment needs.

Primerica’s principal offerings include term life insurance, investment and savings products, retirement planning solutions, and strategies for managing debt.