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Peter W. Schneider, President of Primerica, Inc. (NYSE:PRI), has sold 2,000 shares of the company’s common stock, according to a recent SEC filing. The company, which boasts a market capitalization of $9.4 billion and maintains a "GREAT" financial health rating on InvestingPro, has demonstrated strong performance with a 12% revenue growth over the last twelve months. The shares were sold at an average price of $282.90, totaling approximately $565,799. Following this transaction, Schneider retains ownership of 13,301 shares. The sale was executed as part of a pre-arranged trading plan, with the shares sold in multiple transactions at prices ranging from $278.41 to $286.19. According to InvestingPro analysis, Primerica’s stock appears slightly undervalued at current levels, with the company maintaining dividend payments for 16 consecutive years and achieving an impressive 60% dividend growth in the last twelve months.
In other recent news, Primerica Inc . reported its fourth-quarter 2024 earnings, which exceeded analysts’ expectations. The company posted an earnings per share (EPS) of $5.03, surpassing the forecast of $4.89, and reported revenue of $788.1 million, beating the predicted $764.84 million. Despite these positive results, the company’s stock experienced a decline, likely due to investor concerns about future growth amid economic uncertainties. Primerica’s full-year 2024 revenue reached $3 billion for the first time, with adjusted net operating income increasing by 14% and adjusted operating income per share rising by 20%. The company also repurchased $425 million in common stock, returning 79% of its adjusted net operating income to shareholders. Looking ahead, Primerica anticipates modest growth in life policies issued and sales force expansion in 2025, with ISP sales projected to grow in the mid-to-high single digits. The company continues to invest in technology to enhance productivity and support future growth. Analyst firms such as Raymond (NSE:RYMD) James and Piper Sandler have weighed in on the company’s performance, noting the impact of economic uncertainties and cost of living pressures on its outlook.
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