Primerica which can be found using ticker (PRI) have now 5 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 210 and 162 calculating the average target price we see $188.60. Given that the stocks previous close was at $161.99 this indicates there is a potential upside of 16.4%. Also worth taking note is the 50 day moving average now sits at $166.21 and the 200 day MA is $140.51. The company has a market capitalization of $5,953m. You can visit the company’s website by visiting: https://www.primerica.com
The potential market cap would be $6,931m based on the market consensus.
Primerica, 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 was founded in 1927 and is headquartered in Duluth, Georgia.
The company has a dividend yield of 1.61% with the ex dividend date set at 17-2-2023 (DMY).
Other points of data to note are a P/E ratio of 16.64, revenue per share of 73.27 and a 2.55% return on assets.
