PRI Stock Summary and Trading Ideas (Primerica | NYSE:PRI)

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 trades on the NYSE stock market under the symbol PRI.

As of April 26, 2024, PRI stock price declined to $215.63 with 26,998 million shares trading.

PRI has a beta of 0.99, meaning it tends to be less sensitive to market movements. PRI has a correlation of 0.37 to the broad based SPY ETF.

PRI has a market cap of $7.48 billion. This is considered a Mid Cap stock.

Last quarter Primerica reported $726 million in Revenue and $4.25 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.02.

In the last 3 years, PRI stock traded as high as $256.56 and as low as $110.22.

The top ETF exchange traded funds that PRI belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

PRI has underperformed the market in the last year with a price return of +23.0% while the SPY ETF gained +26.9%. PRI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.1% and -3.5%, respectively, while the SPY returned +4.5% and -1.8%, respectively.

PRI support price is $214.68 and resistance is $222.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRI stock will trade within this expected range on the day.