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Primerica

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.

Primerica Inc

Prime Impact Acquisition I Ordinary Shares - Class A

PRIORITY INCOME FD STIRA by Priority Income Fund Inc.

Priority Income Fund, Inc.

Priority Income Fund, Inc. 7.00% Series D Term Preferred Stock due 2029

Priority Income Fund, Inc. 6.625% Series F Term Preferred Stock due 2027

Priority Income Fund, Inc. 6.25% Series G Preferred Stock Due 2026

Priority Income Fund, Inc. 6.00% Series H Term Preferred Stock due 2026

Priority Income Fund, Inc. 6.125% Series I Term Preferred Stock due 2028

Priority Income Fund, Inc. 6.000% Series J Term Preferred Stock due 2028

Priority Income Fund, Inc. 7.000% Series K Cumulative Preferred Stock

Priority Income Fund, Inc. 6.375% Series L Term Preferred Stock Due 2029

Primoris Services Corporation Common Stock

Primoris Services Corp

Prime - United States Dollar

Prism

Prime Impact Acquisition I Warrants (01/10/2030)

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) is preparing to release its quarterly earnings on Wednesday, 2024-11-06. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Primerica to report an earnings per share (EPS) of $4.81.
The announcement from Primerica is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.24, which was followed by a 2.46% increase in the share price the next day.
Here's a look at Primerica's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>4.47</td>
<td>4.12</td>
<td>4.27</td>
<td>4.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.71</td>
<td>3.91</td>
<td>4.25</td>
<td>4.28</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730826076_0.png" alt="eps graph" />
<h3>Performance of Primerica Shares</h3>
Shares of Primerica were trading at $274.89 as of November 04. Over the last 52-week period, shares are up 35.4%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PRI/earnings">To track all earnings releases for Primerica visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Insights into Primerica's Upcoming Earnings

Primerica's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) short percent of float has fallen 11.7% since its last report. The company recently reported that it has 219 thousand shares sold short, which is 0.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Primerica Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730404815_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Primerica has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Primerica's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Primerica's peer group average for short interest as a percentage of float is 2.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Primerica?

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.27% on an annualized basis producing an average annual return of 18.52%. Currently, Primerica has a market capitalization of $9.33 billion. 
Buying $100 In PRI: If an investor had bought $100 of PRI stock 10 years ago, it would be worth $556.61 today based on a price of $275.69 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729890015_0.png" alt="comp_fig" />
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 reviewed by an editor.

News

If You Invested $100 In This Stock 10 Years Ago, You Would Have $600 Today

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $281.67, with a high estimate of $314.00 and a low estimate of $249.00. This current average has increased by 9.81% from the previous average price target of $256.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1728475216_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Primerica by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Kligerman</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Buy</td>
<td>$314.00</td>
<td>-</td>
</tr>
<tr>
<td>John Barnidge</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Neutral</td>
<td>$283.00</td>
<td>-</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$269.00</td>
<td>$257.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$300.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$249.00</td>
<td>$239.00</td>
</tr>
<tr>
<td>Ryan Krueger</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$275.00</td>
<td>$255.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Primerica. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Primerica compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Primerica's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Primerica's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Primerica analyst ratings.</a>
<h2>Delving into Primerica's Background</h2>
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.
<h3>Primerica's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Primerica showcased positive performance, achieving a revenue growth rate of 16.7% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 0.13%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Primerica's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.05%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Primerica's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.01%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Primerica's debt-to-equity ratio stands notably higher than the industry average, reaching 0.95. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Scoreboard: 6 Ratings For Primerica

TD Cowen analyst Andrew Kligerman initiates coverage on Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Buy rating and announces Price Target of $314.

Price Target

Initiation

TD Cowen Initiates Coverage On Primerica with Buy Rating, Announces Price Target of $314

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 5 years by 3.16% on an annualized basis producing an average annual return of 17.06%. Currently, Primerica has a market capitalization of $9.05 billion. 
Buying $100 In PRI: If an investor had bought $100 of PRI stock 5 years ago, it would be worth $222.35 today based on a price of $267.46 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728333018_0.png" alt="comp_fig" />
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 reviewed by an editor.

Here's How Much You Would Have Made Owning Primerica Stock In The Last 5 Years

Primerica's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) short percent of float has risen 6.3% since its last report. The company recently reported that it has 354 thousand shares sold short, which is 1.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Primerica Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727803819_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Primerica has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Primerica's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Primerica's peer group average for short interest as a percentage of float is 2.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Primerica's Recent Short Interest

Reinsurance Group of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>) shares have rallied 35.1% year to date (YTD) compared with the industry&#39;s growth of 21.5%. The Finance sector and the Zacks S&amp;P 500 index have returned 14.3% and 20% YTD, respectively. With a market capitalization of $14.39 billion, the average volume of shares traded in the last three months was 0.3 million.
<h2>RGA Outperforms Industry, Sector, S&amp;P YTD</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/79471.jpg?v=1113732845" />
Image Source: Zacks Investment Research
The rally was driven by its strong momentum in U.S. Traditional, Longevity/PRT, Asia Asset-Intensive and Asia Traditional, along with solid growth projections.
RGA has a VGM Score of A. VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.
<h2>RGA Trading Above 50-Day and 200-Day Moving Average</h2>
This Zacks Rank #3 (Hold) insurance broker closed at $218.58 on Thursday, above its 50-day and 200-day simple moving average&nbsp;of $213.23 and $193.40, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
<h2>Reinsurance Group&#39;s Earnings Surprise History</h2>
Reinsurance Group has a decent earnings surprise history. Its earnings beat estimates in each of the last four quarters with an average surprise of 20.51%.
<h2>RGA&#39;s Growth Projection Encourages</h2>
The Zacks Consensus Estimate for Reinsurance Group&#39;s 2024 earnings per share indicates a year-over-year increase of 9.1%. The consensus estimate for revenues is pegged at $21.85 billion, implying a year-over-year improvement of 14.7%.
The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 3.4% from the corresponding 2024 estimates.
The expected long-term earnings growth rate is 10.4%, outperforming the industry average of 4.6%. RGA has an impressive Growth Score of B. This style score helps analyze the growth prospects of a company.
<h2>Reinsurance Group&#39;s Return on Invested Capital</h2>
Its return on invested capital has increased every year. This reflects RGA&#39;s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 6.8%, higher than the industry average of 0.6%.
<h2>Optimistic Analyst Sentiment for RGA</h2>
Each of the five analysts covering the stock has raised estimates for 2024, and four analysts have raised the same for 2025 over the past 60 days. The consensus estimate for 2024 and 2025 has moved 2.8% and 1.9% north, respectively, in the past 60 days.
<h2>RGA&#39;s Expensive Valuation</h2>
The stock is undervalued compared to its industry. It is currently trading at a price-to-book multiple of 1.46, lower than the industry average of 1.96.
<h2>Will RGA&#39;s Rally Stay?</h2>
Reinsurance Group is a leader in the U.S. and Latin American traditional markets. It has successfully expanded its product line with market-leading services, capabilities, expertise and innovation. Individual mortality has matured and provides a base for stable earnings and capital generation. 
Significant value embedded in the in-force business is anticipated to generate predictable long-term earnings. Product-line expansion contributes to risk diversification.
In Canada, Reinsurance Group is a market leader with solid growth and profitability. It has a sizable block of in-force business, which acts as a significant source of future earnings. Reinsurance Group expects longevity insurance, which is projected to witness steady demand, to experience long-term growth in the Canadian market. While longevity insurance provides a source of diversified income, it also acts as a hedge to a large mortality position.
Demand for protection products among the emerging global middle class and increasing demand for retirement, senior protection and savings products among aging populations create opportunities for growth in new business.
RGA is well-capitalized and has access to multiple forms of capital. RGA expects to remain active in deploying capital in attractive growth opportunities while balancing returning excess capital to shareholders over time.
RGA continues to ramp up technological inclusion with its product. This insurer is a global biometric liability reinsurance leader. Biometrics experience, which includes mortality, morbidity and longevity, over the last five quarters was favorable. Notably, its free cash flow conversion has remained more than 85% over the last many quarters, reflecting its solid earnings.
<h2>Wealth Distribution</h2>
This global reinsurer has also been managing capital effectively via share buybacks, dividend payments and prudent investments. RGA expects to remain active in deploying capital into attractive growth opportunities in organic flow and in-force block transactions and returning excess capital to shareholders through dividends and share repurchases. The company exited the second quarter of 2024 with excess capital of around $1 billion, reflecting a solid capital position.
<h2>Key Picks</h2>
Investors interested in the life insurance industry may look at some better-ranked players like Baldwin Insurance Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwin#NASDAQ">BWIN</a>), Brighthouse Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhf#NASDAQ">BHF</a>) and Primerica, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pri#NYSE">PRI</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Baldwin Insurance&#39;s 2024 and 2025 earnings implies year-over-year growth of 38.3% and 32.2%, respectively. BWIN beat earnings estimates in each of the past four quarters, with an average surprise of 11.88%. Year to date, shares of BWIN have gained 108.4%.
The Zacks Consensus Estimate for Brighthouse Financial&#39;s 2024 and 2025 earnings implies year-over-year growth of 29.8% and 9.1%, respectively. It beat earnings estimates in three of the past four quarters while missing in one, with an average surprise of 3.76%. Year to date, shares of BHF have lost 16.3%.
The Zacks Consensus Estimate for Primerica&#39;s 2024 and 2025 earnings implies year-over-year growth of 12.2% and 10.9%, respectively. It beat earnings estimates in two of the past four quarters and missed in two, with an average surprise of 1.74%. Year to date, shares of PRI have climbed 29.6%.
<a href="https://www.zacks.com/stock/news/2342526/reinsurance-group-rallies-35-1-ytd-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2342526">To read this article on Zacks.com click here.</a>

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General

Brighthouse Financial, Inc. - Common Stock

BWIN

Reinsurance Group Rallies 35.1% YTD: What's Driving the Stock?

Primerica, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>), 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.

Management

Primerica Names Robert H. Peterman, Jr. As Successor To Chief Operating Officer, Beginning On October 1, 2024.

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.27% on an annualized basis producing an average annual return of 18.5%. Currently, Primerica has a market capitalization of $8.96 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,399.18 today based on a price of $264.77 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727197225_0.png" alt="comp_fig" />
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 reviewed by an editor.

Here's How Much You Would Have Made Owning Primerica Stock In The Last 10 Years

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.23% on an annualized basis producing an average annual return of 17.65%. Currently, Primerica has a market capitalization of $8.56 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,112.41 today based on a price of $252.98 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726066824_0.png" alt="comp_fig" />
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 reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,100 Today

Primerica Authorized The Abandonment Of Its Indirect Ownership Of Subsidiary E-Telequote Insurance By September 30, 2024; On August 30, 2024, ETQ Agreed To Sell About 18.9% Of Its Stock To A New Investor, Leading To ETQ Being Wholly Owned By This Investor Post-Closing, With Primerica Relinquishing All Rights In ETQ Without Consideration

7 analysts have shared their evaluations of Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $265.0, a high estimate of $300.00, and a low estimate of $236.00. Observing a 5.58% increase, the current average has risen from the previous average price target of $251.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1725019228_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Primerica among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Barnidge</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Neutral</td>
<td>$283.00</td>
<td>-</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$269.00</td>
<td>$257.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$300.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$249.00</td>
<td>$239.00</td>
</tr>
<tr>
<td>Ryan Krueger</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$275.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$243.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$236.00</td>
<td>$235.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Primerica. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Primerica compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Primerica's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Primerica's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Primerica analyst ratings.</a>
<h2>Delving into Primerica's Background</h2>
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.
<h3>Key Indicators: Primerica's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Primerica showcased positive performance, achieving a revenue growth rate of 16.7% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Primerica's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.13%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.05%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Primerica's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.01%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.95, Primerica faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 7 Analyst Ratings Have To Say About Primerica

Piper Sandler analyst John Barnidge initiates coverage on Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Neutral rating and announces Price Target of $283.

Piper Sandler Initiates Coverage On Primerica with Neutral Rating, Announces Price Target of $283

Primerica&nbsp;announced the release of the Primerica Household Budget Index&trade; (HBI&trade;), a monthly index illustrating the purchasing power of middle-income households with income between&nbsp;$30,000&nbsp;and&nbsp;$130,000. In July 2024, the average purchasing power for middle-income households was&nbsp;101.1%, relatively unchanged compared to&nbsp;101.0%&nbsp;in June 2024. A year ago, the index stood at&nbsp;97.5%.

Reported Earlier, Primerica's July Household Budget Index Shows Stability In Purchasing Power For Middle-Income Families

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.09% on an annualized basis producing an average annual return of 17.94%. Currently, Primerica has a market capitalization of $8.79 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,176.81 today based on a price of $259.93 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724428851_0.png" alt="comp_fig" />
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 reviewed by an editor.

Morgan Stanley analyst Bob Huang maintains Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Equal-Weight and raises the price target from $257 to $269.

Morgan Stanley Maintains Equal-Weight on Primerica, Raises Price Target to $269

Sun Life Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slf#NYSE">SLF</a>) has been benefiting from its focus on Asia operations, growing asset management businesses and the scale-up and integration of U.S. operations. Earnings of SLF have risen 5.4% over the last five years.
This third-largest insurer in Canada has a decent earnings surprise history. It surpassed estimates in three of the last four quarters and missed in one, the average earnings surprise being 1.76%.
Sun Life&#39;s focus on the emerging economies of Asia that are expected to provide higher returns and the North American markets bodes well for long-term growth. SLF has a strong presence in China, Philippines, India, Hong Kong and Indonesia and has also forayed into Malaysia and Vietnam. Contribution from Asia business to Sun Life&#39;s earnings has increased to 21% over the last few years.
Sun Life envisions being one of the top five players and remains focused on growing its voluntary benefits business. The life insurer is also improving its business mix and is thus shifting its growth focus toward products that block lower capital and offer more predictable earnings.
Sun Life Investment Management makes investments in private fixed-income mortgages and real estate. It invests in pension plans and other institutional investors. These are indicative of SLF&#39;s efforts to strengthen Asset Management, which provides a higher return on equity, requires lower capital and sees lesser volatility and has the potential for an earnings upside.
Operational efficiency has been aiding Sun Life in building a strong capital position. The life insurer&#39;s capital outlay includes a 40-50% dividend payout over the medium term.
However, expenses have increased at Sun Life over the past few years due to high employee expenses, premises and equipment, service fees, amortization of intangible assets and other expenses. These, in turn, weigh on margin expansion. The life insurer remains committed toward balancing both metrics, failing which, the bottom line might suffer. The company estimates integration activities to drive run-rate cost savings of $60 million by 2024.
Nonetheless, SLF&#39;s trailing 12-month return on equity was 17.5%, ahead of the industry average of 15.5%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders&#39; funds. Given the company&#39;s ongoing shift to fee-based capital-light businesses, SLF reiterated its medium-term ROE target of 18%.
Also, the return on invested capital in the trailing 12 months was 0.8%, better than the industry average of 0.7%. This reflects SLF&#39;s efficiency in utilizing funds to generate income.&nbsp;
<h3>Some Key Industry Players</h3>
Other players in the insurance industry are Brighthouse Financial (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhf#NASDAQ">BHF</a>), Reinsurance Group of America, Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>) and Primerica (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pri#NYSE">PRI</a>).
Brighthouse Financial&#39;s earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 3.76%.
With an expansive and compelling suite of life and annuity products and a strong market presence, BHF aims to become a premier player in the individual insurance market.&nbsp; Brighthouse is also revamping its life insurance business to boost annuity sales. Sales of Shield Level annuities and variable annuities with FlexChoice Access should drive Annuity sales.&nbsp; The insurer remains focused on transitioning the business mix to less capital-intensive products.
Reinsurance Group&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 20.51%.
RGA has been benefiting from an increase in new business volumes, favorable longevity experience, a stronger invested asset base, business expansion in the pension risk transfer market and effective capital deployment.
Primerica&#39;s earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 1.74%.
This second-largest issuer of term-life insurance coverage in North America aims to be a successful senior health business while continuing to enhance its shareholders&#39; value. Strong demand for protection products drives sales growth and policy persistency benefit the life insurer. A strong business model makes Primerica well-poised to cater to the middle market&#39;s increased demand for financial security.
<a href="https://www.zacks.com/stock/news/2322684/sun-life-slf-grows-on-solid-asia-business-amid-cost-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2322684">To read this article on Zacks.com click here.</a>

Asia

Sun Life Grows on Solid Asia Business Amid Cost Woes

Primerica's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) short percent of float has fallen 32.75% since its last report. The company recently reported that it has 301 thousand shares sold short, which is 1.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.13 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Primerica Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723569309_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Primerica has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Primerica's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Primerica's peer group average for short interest as a percentage of float is 3.00%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Analysts' ratings for Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $260.6, a high estimate of $300.00, and a low estimate of $236.00. This upward trend is evident, with the current average reflecting a 4.32% increase from the previous average price target of $249.80.
<img src="https://www.benzinga.com/files/images/story/2024/1723212029_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Primerica. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$300.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$249.00</td>
<td>$239.00</td>
</tr>
<tr>
<td>Ryan Krueger</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$275.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$243.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$236.00</td>
<td>$235.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Primerica. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Primerica compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Primerica's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Primerica's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Primerica analyst ratings.</a>
<h2>Delving into Primerica's Background</h2>
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.
<h3>Financial Insights: Primerica</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Primerica displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 8.15%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Primerica's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.15%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Primerica's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.05%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.01%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Primerica's debt-to-equity ratio stands notably higher than the industry average, reaching 0.95. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 5 Analysts Discuss Primerica Stock

Multi-Level Marketing: Stagnation Or Something Worse?

Primerica names Robert Peterman Jr. as successor to COO

In a report released today, John Barnidge from Piper Sandler maintained a Hold rating on Primerica (PRI – Research Report), with a price target of ...

Piper Sandler Sticks to Their Hold Rating for Primerica (PRI)

Morgan Stanley analyst Bob Huang maintained a Hold rating on Primerica (PRI – Research Report) today and set a price target of $287.00. The company...

Primerica (PRI) Receives a Hold from Morgan Stanley

The insurance industry is well-positioned for robust growth owing to evolving consumer preferences, emerging market demand, and rapid digital transformation. Thus, it could be wise to invest in quality insurance stocks NN Group (NNGRY), Unum Group (UNM), and Primerica (PRI) that offer high dividends and stability. Keep reading… With strong economic growth, evolving consumer demand, and rising adoption of digital technologies, the insurance industry is expected to experience robust growth in the coming years.
Given the industry's bright prospects, fundamentally sound insurance stocks like NN Group N.V. (<a href="https://stocknews.com/stock/NNGRY/">NNGRY</a>), Unum Group (<a href="https://stocknews.com/stock/UNM/">UNM</a>), and Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>) could be solid portfolio additions offering high dividends and stability.
Insurance companies operate by collecting premiums from customers upfront, and while some policyholders might never file a claim or only make minor ones, this often leaves insurers with extra funds. They use this surplus for investments, which benefits both the company and its shareholders, leading to steady cash flow and profits.
According to a BCC research report, the global insurance market is set to <a href="https://www.bccresearch.com/market-research/finance/insurance-industry-market.html">reach $9.8 trillion in 2027</a>, growing at a CAGR of 12%.
With the growing population and evolving needs, insurers are expanding their product offerings. Plus, technological advancements such as AI, machine learning, and data analytics are transforming the industry. These technologies enable better risk assessment, enhance customer experiences, and help develop personalized products.
Moreover, AI in the insurance market is expected to grow at a <a href="https://www.precedenceresearch.com/artificial-intelligence-in-insurance-market">CAGR of 33.1%</a>, reaching around $79.86 billion by 2032. All these factors contribute to a thriving insurance sector, boosting investor confidence and creating a promising environment for growth.
Considering this favorable backdrop, let's assess the fundamentals of the three insurance stocks.
NN Group N.V. (<a href="https://stocknews.com/stock/NNGRY/">NNGRY</a>)
Headquartered in Hague, NNGRY is a financial services company that provides life and non-life insurance products in the Netherlands and internationally. It offers Life insurance products, such as group and individual pension products, retail life insurance, and SME life insurance products.
On September 25, NNGRY announced an agreement to sell its Turkish operations to Zurich Türkiye. With being in the insurance business in Turkey for 15 years, the company expects that a divestment of its Turkish activities would be in the best interest of its local customers, employees, and other stakeholders.
NNGRY pays an annual dividend of $1.83, which translates to a 7.56% yield at the current price level. Moreover, the fund's dividend payouts have increased at a CAGR of 11% over the past five years.
For the fiscal year that ended December 2023, NNGRY's total revenues increased 20.6% year-over-year to €10.26 billion ($11.33 billion). The company's <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> also increased 108.8% to €1.52 billion ($1.67 billion). The company's net income and EPS came in at €1.17 billion ($1.29 billion) and €4.04, respectively.
Analysts expect NNGRY's revenue and EPS for the fiscal year ending December 2025 to increase 1.3% and 22.2% year-over-year to $15.55 and $3.87, respectively.
Over the past year, NNGRY's stock has surged 44% to close the last trading session at $24.15. The company also has a beta 24-month beta of 0.55.
NNGRY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #2 out of 26 stocks in the <a href="https://stocknews.com/category/life-insurance/">Insurance - Life</a> industry. It has an A grade for Momentum and a B for Value and Stability. <a href="https://stocknews.com/stock/NNGRY/">Click here</a> to see NNGRY's Growth, Sentiment, and Quality ratings.
Unum Group (<a href="https://stocknews.com/stock/UNM/">UNM</a>)
UNM and its subsidiaries provide financial protection benefit solutions primarily internationally. It operates through Unum US; Unum International; Colonial Life; and the Closed Block segment.
On June 18, UNM launched Unum Broker Connect for Employee Navigator, improving integration and efficiency for brokers. This service simplifies case setup, automates plan creation, and enables smooth data exchange.
UNM pays an annual dividend of $1.68, which translates to a 2.78% yield at the current price level. Moreover, the fund's dividend payouts have increased at a CAGR of 7.3% over the past five years. UNM has increased its dividends for 15 consecutive years.
UNM's total net revenue for the second quarter ending June 30, 2024, increased 3.9% year-over-year to $3.23 billion. The company's after-tax operating income was $411.40 million, or $2.16 per share, up 1% and 4.9% from the year-ago values, respectively. During the same period, the company's net income stood at $389.50 million, with net income per share at $2.05, up 3.5% year-over-year.
Street expects UNM's EPS for the quarter ended September 2024 to increase 5.3% year-over-year to $2.04. Its revenue for the same quarter is expected to increase 4.5% year-over-year to $3.26 billion. It surpassed the consensus EPS estimates in three of the four trailing quarters.
UNM's stock has gained 32.2% over the past nine months to close the last trading session at $60.42. Its 24-month beta is 0.10.
UNM's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked first out of eight stocks in the <a href="https://stocknews.com/category/accident-supplemental-insurance/">Insurance - Accident &amp; Supplemental</a> industry. It has an A grade for Momentum.
To see UNM's grades for Growth, Value, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/UNM/">click here</a>.
Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>)
PRI provides financial products and services to middle-income households. The company operates through four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
PRI's trailing-12-month gross profit and EBIT margins of 66.52% and 30.40% are 10.8% and 32.4% higher than the respective industry averages of 60.02% and 22.96%. Likewise, the stock's trailing-12-month levered FCF margin of 32.83% is 81.2% higher than the industry average of 18.12%.
PRI pays an annual dividend of $3.60, which translates to a 1.33% yield at the current price level. Moreover, the company's dividend payouts have increased at a CAGR of 19.2% over the past five years. Notably, PRI has increased its dividends for 13 consecutive years.
During the second quarter that ended June 30, 2024, PRI's total revenues increased 16.7% year-over-year to $803.37 million, and its total adjusted operating income before income taxes grew 11.6% year-over-year to $212.14 million. The company's adjusted net operating income and adjusted EPS came in at $162.75 million and $4.71, respectively, up 11.9% and 18% from the prior year's quarter.
Analysts expect PRI's revenue and EPS for the third quarter (ending September 2024) to grow 4.7% and 12% year-over-year to $744.13 million and $4.80, respectively. Moreover, the company has exceeded the consensus revenue estimates in all four trailing quarters, which is remarkable.
Shares of PRI have surged 7.9% over the past six months and 38.5% over the past year to close the last trading session at $269.72. It has a 24-month beta of 0.67.
PRI's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PRI has an A grade for Momentum and a B for Growth and Stability. It is ranked #9 among 26 stocks in the B-rated Insurance - Life industry.
In addition to the POWR Ratings highlighted above, you can check PRI's ratings for Value, Sentiment, and Quality <a href="https://stocknews.com/stock/PRI/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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<hr />
NNGRY shares were trading at $24.44 per share on Wednesday afternoon, up $0.29 (+1.18%). Year-to-date, NNGRY has gained 31.45%, versus a 22.39% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/nngry-unm-pri-3-insurance-stocks-offering-high-dividends-and-stability/>3 Insurance Stocks Offering High Dividends and Stability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Insurance Stocks Offering High Dividends and Stability

An update from Primerica ( ($PRI) ) is now available. Primerica, Inc. has reached a significant milestone by surpassing 150,000 life-licensed indep...

Primerica Surpasses 150,000 Life-Licensed Representatives Milestone

Rising healthcare costs, cutting-edge technology, and escalating geopolitical tensions are supercharging growth in the insurance industry. This landscape presents prime opportunities for The Progressive Corporation (PGR), Primerica (PRI), and The Hanover Insurance Group (THG) to thrive and deliver substantial value for investors, even with their premium valuations. Read on… Rising healthcare expenses, technological advancements, and increasing geopolitical threats are driving significant growth in the insurance industry. As these dynamics evolve, the sector presents promising opportunities for expansion.
With that in mind, investors could consider investing in shares of fundamentally sound insurance stocks, The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>), Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>), and The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>), that stand out as potentially rewarding investments despite their premium valuations.
The rise in healthcare expenses is fueling demand in the health insurance sector. In fact, a report by Mordor Intelligence projects that the U.S. health and medical insurance market could reach $2.01 trillion by 2029, growing at <a href="https://www.mordorintelligence.com/industry-reports/united-states-health-and-medical-insurance-market/market-size">a CAGR exceeding 6%</a>. This indicates a steady, expanding market.
Moreover, advancements in artificial intelligence (AI) continue to transform risk assessment and claims management for insurers. By enabling enhanced data analysis and faster decision-making, AI can improve both customer service and operational efficiency, making it a critical tool for the industry's growth and adaptation to challenges.
Global geopolitical tensions are another factor boosting the insurance industry. As risks rise, insurers are capitalizing on this environment, seeing substantial opportunities for expansion. Polaris Market Research forecasts the property and casualty insurance market to reach $3.79 trillion by 2032, with <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">a projected CAGR of 8.3%</a>.
Furthermore, Deloitte's 2025 global insurance outlook estimates that insurance premiums will <a href="https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-outlooks/insurance-industry-outlook.html">grow by 3.3% in 2024</a>, with advanced markets expected to account for 75% of this increase. This growth reflects strong demand and underscores the value of the insurance sector as an attractive option for investors.
Against this backdrop, investors could consider buying insurance stocks with high <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E ratios</a>. Even though they come at a premium cost, these stocks offer excellent growth opportunities. Now, let us discuss the fundamentals of three high P/E insurance stocks, starting with #3.
Stock #3: The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>)
PGR works as an insurance holding company, providing personal and commercial auto, business related general liability, personal residential and commercial property, and other insurance products and services. Its three operational segments are: Personal Lines; Commercial Lines; and Property.
PGR's forward non-GAAP P/E of 18.61x is 53.6% higher than the industry average of 12.12x. Its forward EV/EBIT multiple of 14.21 is 16.3% higher than the sector average of 12.22x. Likewise, the stock's forward Price/Book of 5.11x is 324.2% higher than the industry average of 1.20x.
Despite its premium valuation, PGR demonstrates strong profitability, backed by impressive financial metrics. PGR's trailing-12-month levered FCF margin of 19.09% is 4.7% higher than the industry average of 18.24%. Its trailing-12-month asset turnover ratio of 0.75x is 247.6% higher than the sector average of 0.22x.
Likewise, the stock's ROTC of 22.56% is 230.3% higher than the industry average of 6.83%.
For the fiscal 2024 second quarter that ended on June 30, PGR's total revenues increased 18.1% year-over-year to $18.13 billion. Its <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS grew 322.3% and 335.1% from the prior year's quarter, respectively, to $1.46 billion and $2.48. As of June 30, 2024, PGR's total assets amounted to $97.89 billion, compared to $88.69 billion on December 31, 2023.
Analysts expect PGR's revenue for the fiscal fourth quarter (ending December 2024) to increase 22.8% year-over-year to $18.57 billion. Its EPS is expected to grow 2.6% from the prior year's period to $3.05. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the four trailing quarters.
Shares of PGR have surged 35.8% over the past nine months and 52.1% over the past year to close the last trading session at $242.72.
PGR's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
PGR has an A grade for Momentum. It is ranked #25 out of 55 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry.
To check the stock's ratings for Growth, Value, Sentiment, Quality, and Stability <a href="https://stocknews.com/stock/PGR/">click here</a>.
Stock #2: Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>)
PRI engages in providing financial products and services to middle-income households in the United States and Canada. The company's operational segments include Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
PRI's forward non-GAAP P/E of 15.09x is 24.5% higher than the industry average of 12.12x. The stock's forward EV/Sales of 3.60x is 11.2% higher than the sector average of 3.24x. Additionally, its forward Price/Book multiple of 4.17 is 246.3% higher than the 1.20x industry average.
Even with a higher valuation, PGR stands out for its profitability, boasting solid performance across core financial metrics. PRI's trailing-12-month gross profit margin of 66.52% is 9.8% higher than the industry average of 60.60%. The stock's trailing-12-month levered FCF margin of 32.83% is 80% higher than the sector average of 18.24%.
Furthermore, its trailing-12-month EBITDA margin of 31.35% is 44.7% higher than the 21.66% industry average.
For the fiscal 2024 second quarter that ended June 30, PRI's total revenues increased 16.7% year-over-year to $803.38 million. Its adjusted net operating income and adjusted operating EPS grew 11.9% and 18% from the prior year's quarter to $162.75 million and $4.71, respectively.
As of June 30, 2024, PRI's cash and cash equivalents amounted to $627.29 million, compared to $613.15 million on December 31, 2023.
Street expects PRI's revenue and EPS for the fiscal third quarter (ended September 2024) to grow 4.9% and 12.3% year-over-year to $745.70 million and $4.81, respectively. Moreover, the company topped the consensus revenue estimates in all four trailing quarters, which is impressive.
PRI's shares have surged 27.3% over the past six months and 41.2% over the past year to close the last trading session at $274.44.
PRI's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PRI has an A grade for Momentum and a B for Stability and Sentiment. It is ranked #8 out of 26 stocks in the B-rated <a href="https://stocknews.com/category/life-insurance/">Insurance – Life industry</a>.
<a href="https://stocknews.com/stock/PRI/">Click here</a> to see PRI's ratings for Quality, Value, and Growth.
Stock #1: The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>)
THG provides property and casualty insurance solutions. It operates through four segments: Core Commercial; Specialty; Personal Lines; and Other. The company markets its products and services through independent agents and brokers, offering customized coverage options to meet diverse client needs.
THG's forward non-GAAP P/E of 13.15x is 8.5% higher than the industry average of 12.12x. Its forward Price/Book of 1.79x is 48.8% higher than the sector average of 1.20x. Furthermore, the stock's Price/Cash flow of 10.34x is 8.9% higher than the 9.49x industry average.
THG's elevated valuation doesn't diminish its profitability, as it continues to excel in essential financial indicators. THG's trailing-12-month asset turnover ratio of 0.42x is 92% higher than the industry average of 0.22x. Its trailing-12-month ROTC of 9.73% is 42.5% higher than the sector average of 6.83%.
Furthermore, the stock's trailing-12-month ROCE of 14.63% is 42.5% higher than the 10.34% industry average.
For the fiscal 2024 third quarter that ended September 30, THG's total revenues increased 3.2% year-over-year to $1.57 billion. Its net income grew significantly from the prior year's quarter to $102.10 million, while its EPS rose significantly from its year-ago value to $2.80.
As of September 30, 2024, THG's cash and cash equivalents amounted to $427.10 million, compared to $316.10 on December 31, 2023.
The consensus revenue estimate of $1.40 billion for the fiscal fourth quarter (ending December 2024) reflects a year-over-year rise of 4.2%. Its EPS for the same period is expected to increase 3.3% from the prior year's period to $3.23. The company also surpassed the consensus EPS estimates in all four trailing quarters.
THG's stock has surged 12.8% over the past six months and 23.7% over the past year to close the last trading session at $147.90.
THG's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
THG has an A grade for Momentum and a B for Growth, Sentiment, and Stability. It is ranked #6 out of 55 stocks in the Insurance – Property &amp; Casualty industry.
<a href="https://stocknews.com/stock/THG/">Click here</a> to check out additional THG ratings for Value and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
<hr />
PGR shares were unchanged in premarket trading Monday. Year-to-date, PGR has gained 53.36%, versus a 21.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/pgr-pri-thg-3-high-pe-insurance-stocks-worth-the-premium/>3 High-PE Insurance Stocks Worth the Premium</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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