Primerica (PRI) Stock

DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a top financial services provider in the U.S. and Canada, has announced the launch of the Primerica Household Budget Index™ (HBI™). This monthly index shows the purchasing power of middle-income households earning between $30,000 and $130,000. In November 2024, the average purchasing power for these families increased to 103.6%, up from 103.1% in October 2024, marking the seventh month of growth.

Primerica (PRI) is currently considered oversold, which means the intense selling might be coming to an end. Additionally, there is a strong consensus among Wall Street analysts to increase earnings forecasts, which could result in a change in the stock's direction.

Is Primerica (PRI) a strong choice for momentum investors? Let's investigate.

Primerica's previous hold rating has been confirmed, as I believe the potential for dividend income growth is backed by solid earnings. Anticipated revenue growth will come from recently launched insurance policies and investment products, along with a strong profit margin that should enhance profitability. Currently, the stock is at a 5-year high, exceeding its moving average, and appears overvalued compared to its competitors based on price/earnings and price/book ratios.

DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a top provider of financial services in the U.S. and Canada, has announced the launch of the Primerica Household Budget Index™ (HBI™). This monthly index shows the purchasing power of middle-income households earning between $30,000 and $130,000. In October 2024, the average purchasing power for these families rose to 103.1%, an increase from 102.7% in September 2024, marking the sixth month of growth.

PRI's earnings for the third quarter improved due to increased premiums and sales of Term Life insurance. However, higher expenses somewhat reduced these gains.

Is Primerica (PRI) a strong choice for momentum investors? Let's investigate.

MISSISSAUGA, Ontario--(BUSINESS WIRE)--PFSL Fund Management Ltd. (PFSL) has announced that it is adjusting the risk rating for the Primerica Income Fund from "low" to "low to medium." This change follows the risk rating guidelines set by the Canadian Securities Administrators and PFSL's regular assessment of its publicly-offered mutual funds. There have been no significant changes to the Fund's investment goals, strategies, or management.

DULUTH, Ga.--(BUSINESS WIRE)--Following strong results in the third quarter, Primerica, Inc. (NYSE: PRI) has revealed that its Board of Directors has approved a $450 million share buyback program, which will run until December 31, 2025. The company may buy back shares through various methods, including open market transactions and private deals, depending on market conditions and other factors. "We are happy with our success," the company stated.