Primerica principal accounting officer sells $65,554 in stock

Nicholas Adam Jendusa, the Principal Accounting Officer at Primerica, Inc. (NYSE:PRI), a $9.48 billion market cap company with a "GREAT" financial health rating according to InvestingPro, recently sold shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Jendusa sold 234 shares on March 5, 2025, at a price of $280.1479 per share. This transaction totaled $65,554. Following the sale, Jendusa retains ownership of 200 shares in the company. Primerica is based in Duluth, Georgia, and operates in the life insurance sector. The company has maintained dividend payments for 16 consecutive years and currently offers a 1.48% yield. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other top US stocks.

In other recent news, Primerica Inc . reported strong financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $5.03, beating the forecasted $4.89, while revenue reached $788.1 million, exceeding predictions of $764.84 million. Despite these positive outcomes, Primerica’s stock experienced a decline, with concerns over future growth amid economic uncertainties. Primerica also announced a milestone with full-year revenue hitting $3 billion for the first time, and the company returned 79% of its adjusted net operating income to shareholders through stock repurchases and dividends. Additionally, the firm saw significant growth in variable annuity and managed account sales, with increases of 44% and 47% respectively. Looking forward, Primerica anticipates modest growth in life policies and sales force expansion in 2025, while projecting investment and savings product sales to grow in the mid-to-high single digits. Despite economic headwinds, the company continues to invest in technology to enhance productivity and support future growth.

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