Primerica (PRI)

• Market cap: $9.75B
• 1 day: 1.18%
• 5 days: 8.53%
• 1 month: 5.99%
• 3 months: 3.96%
• 6 months: 16.59%
• Year to date: 7.50%
• 1 year: 31.87%
• 5 years: 127.47%
• 10 years: 482.07%
• Sector: Financials
• Industry: Life Insurance

About: Primerica Inc is a provider of financial services to middle-income households in the United States and Canada. The company offers life insurance, mutual funds, annuities, and other financial products, distributed on behalf of third parties. Primerica has three main subsidiaries: Primerica Financial Services, a marketing company; Primerica Life Insurance Company, a principal life insurance underwriting entity; and PFS Investments, which offers investment and savings products, brokerage services, and registered investment advisory. It has four segments Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. Geogriphically, it derives a majority of its revenue from the US.

Employees: 3,450

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

170% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 27

10% more funds holding

Funds holding: 407 [Q2] → 446 (+39) [Q3]

8% more capital invested

Capital invested by funds: $7.57B [Q2] → $8.2B (+$628M) [Q3]

4% more repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 142

1.62% less ownership

Funds ownership: 93.13% [Q2] → 91.51% (-1.62%) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 6 (-2) [Q3]

69% less call options, than puts

Call options by funds: $848K | Put options by funds: $2.76M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $300 3% upside
• Avg. target: $325 11% upside
• High target: $345 18% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Keefe, Bruyette & Woods Ryan Krueger 94% 1-year accuracy 16 / 17 met price target	8% upside $315	Market Perform Maintained	10 Jan 2025
Piper Sandler John Barnidge 78% 1-year accuracy 31 / 40 met price target	3% upside $300	Neutral Maintained	18 Dec 2024
TD Cowen Andrew Kligerman 60% 1-year accuracy 6 / 10 met price target	18% upside $345	Buy Maintained	26 Nov 2024
Truist Securities Mark Hughes 72% 1-year accuracy 47 / 65 met price target	16% upside $340	Buy Maintained	8 Nov 2024