Dernières nouvelles pour Primerica (NYSE:PRI) Stock

Primerica

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 Inc

Prime Impact Acquisition I Ordinary Shares - Class A

PRIORITY INCOME FD STIRA by Priority Income Fund Inc.

Priority Income Fund, Inc.

Priority Income Fund, Inc. 7.00% Series D Term Preferred Stock due 2029

Priority Income Fund, Inc. 6.625% Series F Term Preferred Stock due 2027

Priority Income Fund, Inc. 6.25% Series G Preferred Stock Due 2026

Priority Income Fund, Inc. 6.00% Series H Term Preferred Stock due 2026

Priority Income Fund, Inc. 6.125% Series I Term Preferred Stock due 2028

Priority Income Fund, Inc. 6.000% Series J Term Preferred Stock due 2028

Priority Income Fund, Inc. 7.000% Series K Cumulative Preferred Stock

Priority Income Fund, Inc. 6.375% Series L Term Preferred Stock Due 2029

Primoris Services Corporation Common Stock

Primoris Services Corp

Prism

Prime Impact Acquisition I Warrants (01/10/2030)

Reinsurance Group of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>) shares have rallied 35.1% year to date (YTD) compared with the industry&#39;s growth of 21.5%. The Finance sector and the Zacks S&amp;P 500 index have returned 14.3% and 20% YTD, respectively. With a market capitalization of $14.39 billion, the average volume of shares traded in the last three months was 0.3 million.
<h2>RGA Outperforms Industry, Sector, S&amp;P YTD</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/79471.jpg?v=1113732845" />
Image Source: Zacks Investment Research
The rally was driven by its strong momentum in U.S. Traditional, Longevity/PRT, Asia Asset-Intensive and Asia Traditional, along with solid growth projections.
RGA has a VGM Score of A. VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.
<h2>RGA Trading Above 50-Day and 200-Day Moving Average</h2>
This Zacks Rank #3 (Hold) insurance broker closed at $218.58 on Thursday, above its 50-day and 200-day simple moving average&nbsp;of $213.23 and $193.40, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
<h2>Reinsurance Group&#39;s Earnings Surprise History</h2>
Reinsurance Group has a decent earnings surprise history. Its earnings beat estimates in each of the last four quarters with an average surprise of 20.51%.
<h2>RGA&#39;s Growth Projection Encourages</h2>
The Zacks Consensus Estimate for Reinsurance Group&#39;s 2024 earnings per share indicates a year-over-year increase of 9.1%. The consensus estimate for revenues is pegged at $21.85 billion, implying a year-over-year improvement of 14.7%.
The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 3.4% from the corresponding 2024 estimates.
The expected long-term earnings growth rate is 10.4%, outperforming the industry average of 4.6%. RGA has an impressive Growth Score of B. This style score helps analyze the growth prospects of a company.
<h2>Reinsurance Group&#39;s Return on Invested Capital</h2>
Its return on invested capital has increased every year. This reflects RGA&#39;s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 6.8%, higher than the industry average of 0.6%.
<h2>Optimistic Analyst Sentiment for RGA</h2>
Each of the five analysts covering the stock has raised estimates for 2024, and four analysts have raised the same for 2025 over the past 60 days. The consensus estimate for 2024 and 2025 has moved 2.8% and 1.9% north, respectively, in the past 60 days.
<h2>RGA&#39;s Expensive Valuation</h2>
The stock is undervalued compared to its industry. It is currently trading at a price-to-book multiple of 1.46, lower than the industry average of 1.96.
<h2>Will RGA&#39;s Rally Stay?</h2>
Reinsurance Group is a leader in the U.S. and Latin American traditional markets. It has successfully expanded its product line with market-leading services, capabilities, expertise and innovation. Individual mortality has matured and provides a base for stable earnings and capital generation. 
Significant value embedded in the in-force business is anticipated to generate predictable long-term earnings. Product-line expansion contributes to risk diversification.
In Canada, Reinsurance Group is a market leader with solid growth and profitability. It has a sizable block of in-force business, which acts as a significant source of future earnings. Reinsurance Group expects longevity insurance, which is projected to witness steady demand, to experience long-term growth in the Canadian market. While longevity insurance provides a source of diversified income, it also acts as a hedge to a large mortality position.
Demand for protection products among the emerging global middle class and increasing demand for retirement, senior protection and savings products among aging populations create opportunities for growth in new business.
RGA is well-capitalized and has access to multiple forms of capital. RGA expects to remain active in deploying capital in attractive growth opportunities while balancing returning excess capital to shareholders over time.
RGA continues to ramp up technological inclusion with its product. This insurer is a global biometric liability reinsurance leader. Biometrics experience, which includes mortality, morbidity and longevity, over the last five quarters was favorable. Notably, its free cash flow conversion has remained more than 85% over the last many quarters, reflecting its solid earnings.
<h2>Wealth Distribution</h2>
This global reinsurer has also been managing capital effectively via share buybacks, dividend payments and prudent investments. RGA expects to remain active in deploying capital into attractive growth opportunities in organic flow and in-force block transactions and returning excess capital to shareholders through dividends and share repurchases. The company exited the second quarter of 2024 with excess capital of around $1 billion, reflecting a solid capital position.
<h2>Key Picks</h2>
Investors interested in the life insurance industry may look at some better-ranked players like Baldwin Insurance Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwin#NASDAQ">BWIN</a>), Brighthouse Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhf#NASDAQ">BHF</a>) and Primerica, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pri#NYSE">PRI</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Baldwin Insurance&#39;s 2024 and 2025 earnings implies year-over-year growth of 38.3% and 32.2%, respectively. BWIN beat earnings estimates in each of the past four quarters, with an average surprise of 11.88%. Year to date, shares of BWIN have gained 108.4%.
The Zacks Consensus Estimate for Brighthouse Financial&#39;s 2024 and 2025 earnings implies year-over-year growth of 29.8% and 9.1%, respectively. It beat earnings estimates in three of the past four quarters while missing in one, with an average surprise of 3.76%. Year to date, shares of BHF have lost 16.3%.
The Zacks Consensus Estimate for Primerica&#39;s 2024 and 2025 earnings implies year-over-year growth of 12.2% and 10.9%, respectively. It beat earnings estimates in two of the past four quarters and missed in two, with an average surprise of 1.74%. Year to date, shares of PRI have climbed 29.6%.
<a href="https://www.zacks.com/stock/news/2342526/reinsurance-group-rallies-35-1-ytd-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2342526">To read this article on Zacks.com click here.</a>

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Brighthouse Financial, Inc. - Common Stock

BWIN

Reinsurance Group Rallies 35.1% YTD: What's Driving the Stock?

Primerica, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>), a leading provider of financial services and products to middle-income families in the United States and Canada, today announced the appointment of Robert H. Peterman Jr. to the role of Executive Vice President and Chief Operating Officer, reporting to the company's Chief Executive Officer, Glenn Williams, beginning on October 1, 2024. Gregory C. Pitts, the Company's current Executive Vice President and Chief Operating Officer, informed the Company of his intention to retire after forty years of service on or about April 1, 2025, and he will relinquish the Chief Operating Officer title effective October 1, 2024.

Management

Primerica Names Robert H. Peterman, Jr. As Successor To Chief Operating Officer, Beginning On October 1, 2024.

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.27% on an annualized basis producing an average annual return of 18.5%. Currently, Primerica has a market capitalization of $8.96 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,399.18 today based on a price of $264.77 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727197225_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Primerica Stock In The Last 10 Years

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.23% on an annualized basis producing an average annual return of 17.65%. Currently, Primerica has a market capitalization of $8.56 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,112.41 today based on a price of $252.98 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726066824_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,100 Today

Primerica Authorized The Abandonment Of Its Indirect Ownership Of Subsidiary E-Telequote Insurance By September 30, 2024; On August 30, 2024, ETQ Agreed To Sell About 18.9% Of Its Stock To A New Investor, Leading To ETQ Being Wholly Owned By This Investor Post-Closing, With Primerica Relinquishing All Rights In ETQ Without Consideration

7 analysts have shared their evaluations of Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $265.0, a high estimate of $300.00, and a low estimate of $236.00. Observing a 5.58% increase, the current average has risen from the previous average price target of $251.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1725019228_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Primerica among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Barnidge</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Neutral</td>
<td>$283.00</td>
<td>-</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$269.00</td>
<td>$257.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$300.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$249.00</td>
<td>$239.00</td>
</tr>
<tr>
<td>Ryan Krueger</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$275.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$243.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$236.00</td>
<td>$235.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Primerica. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Primerica compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Primerica's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Primerica's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Primerica analyst ratings.</a>
<h2>Delving into Primerica's Background</h2>
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.
<h3>Key Indicators: Primerica's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Primerica showcased positive performance, achieving a revenue growth rate of 16.7% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Primerica's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.13%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.05%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Primerica's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.01%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.95, Primerica faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 7 Analyst Ratings Have To Say About Primerica

Piper Sandler analyst John Barnidge initiates coverage on Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Neutral rating and announces Price Target of $283.

Price Target

Initiation

Piper Sandler Initiates Coverage On Primerica with Neutral Rating, Announces Price Target of $283

Primerica&nbsp;announced the release of the Primerica Household Budget Index&trade; (HBI&trade;), a monthly index illustrating the purchasing power of middle-income households with income between&nbsp;$30,000&nbsp;and&nbsp;$130,000. In July 2024, the average purchasing power for middle-income households was&nbsp;101.1%, relatively unchanged compared to&nbsp;101.0%&nbsp;in June 2024. A year ago, the index stood at&nbsp;97.5%.

Reported Earlier, Primerica's July Household Budget Index Shows Stability In Purchasing Power For Middle-Income Families

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.09% on an annualized basis producing an average annual return of 17.94%. Currently, Primerica has a market capitalization of $8.79 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,176.81 today based on a price of $259.93 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724428851_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Morgan Stanley analyst Bob Huang maintains Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Equal-Weight and raises the price target from $257 to $269.

Morgan Stanley Maintains Equal-Weight on Primerica, Raises Price Target to $269

Sun Life Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slf#NYSE">SLF</a>) has been benefiting from its focus on Asia operations, growing asset management businesses and the scale-up and integration of U.S. operations. Earnings of SLF have risen 5.4% over the last five years.
This third-largest insurer in Canada has a decent earnings surprise history. It surpassed estimates in three of the last four quarters and missed in one, the average earnings surprise being 1.76%.
Sun Life&#39;s focus on the emerging economies of Asia that are expected to provide higher returns and the North American markets bodes well for long-term growth. SLF has a strong presence in China, Philippines, India, Hong Kong and Indonesia and has also forayed into Malaysia and Vietnam. Contribution from Asia business to Sun Life&#39;s earnings has increased to 21% over the last few years.
Sun Life envisions being one of the top five players and remains focused on growing its voluntary benefits business. The life insurer is also improving its business mix and is thus shifting its growth focus toward products that block lower capital and offer more predictable earnings.
Sun Life Investment Management makes investments in private fixed-income mortgages and real estate. It invests in pension plans and other institutional investors. These are indicative of SLF&#39;s efforts to strengthen Asset Management, which provides a higher return on equity, requires lower capital and sees lesser volatility and has the potential for an earnings upside.
Operational efficiency has been aiding Sun Life in building a strong capital position. The life insurer&#39;s capital outlay includes a 40-50% dividend payout over the medium term.
However, expenses have increased at Sun Life over the past few years due to high employee expenses, premises and equipment, service fees, amortization of intangible assets and other expenses. These, in turn, weigh on margin expansion. The life insurer remains committed toward balancing both metrics, failing which, the bottom line might suffer. The company estimates integration activities to drive run-rate cost savings of $60 million by 2024.
Nonetheless, SLF&#39;s trailing 12-month return on equity was 17.5%, ahead of the industry average of 15.5%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders&#39; funds. Given the company&#39;s ongoing shift to fee-based capital-light businesses, SLF reiterated its medium-term ROE target of 18%.
Also, the return on invested capital in the trailing 12 months was 0.8%, better than the industry average of 0.7%. This reflects SLF&#39;s efficiency in utilizing funds to generate income.&nbsp;
<h3>Some Key Industry Players</h3>
Other players in the insurance industry are Brighthouse Financial (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhf#NASDAQ">BHF</a>), Reinsurance Group of America, Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>) and Primerica (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pri#NYSE">PRI</a>).
Brighthouse Financial&#39;s earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 3.76%.
With an expansive and compelling suite of life and annuity products and a strong market presence, BHF aims to become a premier player in the individual insurance market.&nbsp; Brighthouse is also revamping its life insurance business to boost annuity sales. Sales of Shield Level annuities and variable annuities with FlexChoice Access should drive Annuity sales.&nbsp; The insurer remains focused on transitioning the business mix to less capital-intensive products.
Reinsurance Group&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 20.51%.
RGA has been benefiting from an increase in new business volumes, favorable longevity experience, a stronger invested asset base, business expansion in the pension risk transfer market and effective capital deployment.
Primerica&#39;s earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 1.74%.
This second-largest issuer of term-life insurance coverage in North America aims to be a successful senior health business while continuing to enhance its shareholders&#39; value. Strong demand for protection products drives sales growth and policy persistency benefit the life insurer. A strong business model makes Primerica well-poised to cater to the middle market&#39;s increased demand for financial security.
<a href="https://www.zacks.com/stock/news/2322684/sun-life-slf-grows-on-solid-asia-business-amid-cost-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2322684">To read this article on Zacks.com click here.</a>

Asia

Sun Life Grows on Solid Asia Business Amid Cost Woes

Primerica's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) short percent of float has fallen 32.75% since its last report. The company recently reported that it has 301 thousand shares sold short, which is 1.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.13 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Primerica Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723569309_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Primerica has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Primerica's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Primerica's peer group average for short interest as a percentage of float is 3.00%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Primerica?

Analysts' ratings for Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $260.6, a high estimate of $300.00, and a low estimate of $236.00. This upward trend is evident, with the current average reflecting a 4.32% increase from the previous average price target of $249.80.
<img src="https://www.benzinga.com/files/images/story/2024/1723212029_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Primerica. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$300.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$249.00</td>
<td>$239.00</td>
</tr>
<tr>
<td>Ryan Krueger</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$275.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$243.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$236.00</td>
<td>$235.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Primerica. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Primerica compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Primerica's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Primerica's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Primerica analyst ratings.</a>
<h2>Delving into Primerica's Background</h2>
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.
<h3>Financial Insights: Primerica</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Primerica displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 8.15%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Primerica's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.15%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Primerica's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.05%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.01%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Primerica's debt-to-equity ratio stands notably higher than the industry average, reaching 0.95. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 5 Analysts Discuss Primerica Stock

Truist Securities analyst Mark Hughes maintains Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Buy and raises the price target from $275 to $300.

Truist Securities Maintains Buy on Primerica, Raises Price Target to $300

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) reported quarterly earnings of $4.71 per share which beat the analyst consensus estimate of $4.47 by 5.37 percent. The company reported quarterly sales of $803.375 million which beat the analyst consensus estimate of $748.887 million by 7.28 percent. This is a 16.70 percent increase over sales of $688.385 million the same period last year.

Primerica Q2 2024 Adj. EPS $4.71 Beats $4.47 Estimate, Sales $803.375M Beat $748.887M Estimate

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.33% on an annualized basis producing an average annual return of 17.62%. Currently, Primerica has a market capitalization of $8.21 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,056.25 today based on a price of $238.66 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722886209_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Primerica 10 Years Ago Would Be Worth Today

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.24% on an annualized basis producing an average annual return of 18.15%. Currently, Primerica has a market capitalization of $8.60 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,299.41 today based on a price of $249.92 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721680215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 analysts have expressed a variety of opinions on Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $250.75, a high estimate of $275.00, and a low estimate of $236.00. Observing a 2.98% increase, the current average has risen from the previous average price target of $243.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1721318456_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Primerica's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$249.00</td>
<td>$239.00</td>
</tr>
<tr>
<td>Ryan Krueger</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$275.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$243.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$236.00</td>
<td>$235.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Primerica. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Primerica compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Primerica's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Primerica's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Primerica analyst ratings.</a>
<h2>Discovering Primerica: A Closer Look</h2>
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.
<h3>Primerica: Financial Performance Dissected</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Primerica's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 7.65%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Primerica's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.49%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Primerica's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 6.46%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.92%, the company showcases effective utilization of assets.
Debt Management: Primerica's debt-to-equity ratio stands notably higher than the industry average, reaching 0.93. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Primerica

Jefferies analyst Suneet Kamath maintains Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Hold and raises the price target from $239 to $249.

Jefferies Maintains Hold on Primerica, Raises Price Target to $249

Keefe, Bruyette &amp; Woods analyst Ryan Krueger maintains Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Market Perform and raises the price target from $255 to $275.

Keefe, Bruyette & Woods Maintains Market Perform on Primerica, Raises Price Target to $275

Primerica: Biting The Bear Back After Solid Earnings

Dividend Champion, Contender, And Challenger Highlights: Week Of August 11

Dividend Champion, Contender, And Challenger Highlights: Week Of August 18

In a report released today, Bob Huang from Morgan Stanley maintained a Hold rating on Primerica (PRI – Research Report), with a price target of $26...

Morgan Stanley Reaffirms Their Hold Rating on Primerica (PRI)

The insurance industry is well-positioned for robust growth owing to evolving consumer preferences, emerging market demand, and rapid digital transformation. Thus, it could be wise to invest in quality insurance stocks Hartford Financial Services Group (HIG), Brown & Brown (BRO), and Primerica (PRI) for substantial gains. Continue reading... With strong economic growth, evolving demand among consumers, and rising adoption of digital technologies, the insurance industry is expected to experience robust growth in the coming years.
Given the industry's bright prospects, fundamentally sound insurance stocks The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>), Brown &amp; Brown, Inc. (<a href="https://stocknews.com/stock/BRO/">BRO</a>), and Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>) could be solid portfolio additions offering solid growth and stability.
After a slow first-quarter growth, the <a href="https://www.reuters.com/markets/us/us-economic-growth-regains-steam-second-quarter-inflation-slows-2024-07-25/">U.S. economy regained speed</a> in the second quarter with gross domestic product growth at a 2.8% annualized rate. The economy grew faster than expected with rising consumer spending, business investment and easing price pressure. Also, expectations of a September interest rate cut from the Federal Reserve signal further improvement.
This strong economic growth trajectory will likely benefit economic activities, boost consumer confidence, and benefit businesses especially in segments like insurance. The <a href="https://riskandinsurance.com/global-commercial-insurance-rates-stabilize-in-q2-2024/#:~:text=For%20the%20first%20time%20in,Market%20Index%20released%20by%20Marsh.">commercial insurance rates in the U.S. increased 1%</a>, and casualty insurance rates increased by 4% overall in the second quarter. This moderation is attributable to increased capacity, and competition among insurers.
The property and casualty insurance market is expected to grow from $2 trillion in 2024 to $3.79 trillion by 2032, exhibiting growth at a <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">CAGR of 8.3%</a>. Technological advancements like advanced core processes, Artificial intelligence (AI) and data analytics will propel the market demand.
Further, the insurance brokers &amp; agents market is expected to reach $612.72 billion by 2028, expanding at a <a href="https://www.thebusinessresearchcompany.com/market-insights/insurance-brokers-and-agents-market-2024">CAGR of 7%</a> driven by rising demand from emerging markets.
Considering this favorable backdrop, let's assess the fundamentals of the three insurance stocks.
The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>)
HIG provides insurance and financial services to individual and business customers internationally. The company operates through Commercial Lines segment; Personal Lines segment; Property &amp; Casualty Other Operations segment; Group Benefits segment; and Hartford Funds segment.
HIG's revenue and EBITDA have grown at respective CAGRs of 6.1% and 5.6% over the past three years. The company's EBIT has increased 9.6% over the same timeframe, while its net income and EPS have improved at CAGRs of 10.7% and 17.3%, respectively.
On July 17, HIG's Board of Directors declared a dividend of $0.47 per share of common stock, payable on October 2 to common stock shareholders of record at the close of business on September 3.
The Board also declared a dividend of $375 on each of the shares of Series G preferred stock (equivalent to $0.375 per depository share), payable on November 15 to Series G preferred stock shareholders of record at the close of business on November 1.
HIG pays an annual dividend of $1.88, which translates to a yield of 1.62% at the current share price. Its four-year average dividend yield is 2.21%. Moreover, the company's dividend payouts have increased at a CAGR of 10.8% over the past three years. HIG has raised its dividends for 11 consecutive years.
During the second quarter that ended June 30, 2024, HIG's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> increased 8.5% year-over-year to $3.48 billion. The company's core earnings came in at $750 million and $2.50 per share, indicating growths of 27.5% and 33% from the prior year's quarter, respectively.
In addition, the company's book value per share rose 15.7% over the prior-year quarter to $51.43.
Analysts expect HIG's revenue for the third quarter (ending September 2024) to increase 8.5% year-over-year to $6.69 billion, while its EPS is expected to grow 10.2% year-over-year to $2.52. Further, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, HIG's stock has gained 21.2% and 60.7% over the past year to close the last trading session at $116.15. It has a beta of 0.92.
HIG's bright outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Momentum and a B for Growth and Stability. Within the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance – Property &amp; Casualty</a> industry, HIG is ranked #23 among 55 stocks.
<a href="https://stocknews.com/stock/HIG/">Click here</a> to access additional ratings of HIG (Value, Sentiment, and Quality).
Brown &amp; Brown, Inc. (<a href="https://stocknews.com/stock/BRO/">BRO</a>)
BRO markets and sells insurance products and services internationally. It operates in four segments: Retail; National Programs; Wholesale Brokerage; and Services. The company provides property and casualty, employee benefits insurance products, personal insurance products, and specialties insurance products.
BRO's revenue and EBITDA have grown at CAGRs of 15.9% and 17.7% over the past three years, respectively. The company's EBIT has increased 18.5% over the same time frame, while its net income and EPS have improved at respective CAGRs of 20.4% and 20.1%, respectively.
On July 29, BRO entered into an agreement to acquire the Quintes insurance operations, one of the largest independent insurance brokers in the Netherlands. The transaction is expected to close in the fourth quarter of 2024. The strategic acquisition aligns well with BRO and will expand its international footprint and broaden the global capabilities scope.
For the second quarter that ended June 30, 2024, BRO's total revenues rose 12.5% year-over-year to $1.18 billion. Its income before income taxes grew 36.2% from the year-ago value to $346 million. The company's net income attributable to the company was $257 million and $0.90 per share, up 35.3% and 34.3% year-over-year, respectively.
In addition, the company's adjusted EBITDAC came in at $420 million, an increase of 17.3% from the previous year's quarter.
Street expects BRO's revenue and EPS for the third quarter (ending September 2024) to increase 8.9% and 22.2% year-over-year to $1.16 billion and $0.87, respectively. Furthermore, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Over the past six months, the stock has gained 24.3% and 42% over the past year to close the last trading session at $104.65. It has a beta of 0.82.
BRO's sound fundamentals are reflected in its POWR Ratings. The stock has an overall grade of B, equating to a Buy in our proprietary rating system.
BRO has an A grade for Momentum. It also has a B grade for Growth, Sentiment, Quality, and Stability. The stock is ranked #2 out of 13 stocks within the <a href="https://stocknews.com/category/insurance-brokers/">Insurance - Brokers</a> industry.
To see the other ratings of BRO, <a href="https://stocknews.com/stock/BRO/">click here</a>.
Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>)
PRI provides financial products and services to middle-income households. The company operates through four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
PRI's trailing-12-month gross profit and EBIT margins of 66.52% and 30.40% are 10.4% and 31.2% higher than the respective industry averages of 60.24% and 23.16%. Likewise, the stock's trailing-12-month levered FCF margin of 32.83% is 84.2% higher than the industry average of 17.83%.
Over the past three years, PRI's revenue and EBITDA have grown at CAGRs of 6.5% and 11.7%, respectively. The company's EBIT has increased 11.7% over the same time frame, while its normalized net income and EPS have improved at respective CAGRs of 13.2% and 4.5%, respectively.
During the second quarter that ended June 30, 2024, PRI's total revenues increased 16.7% year-over-year to $803.37 million and its total adjusted operating income before income taxes grew 11.6% year-over-year to $212.14 million. The company's adjusted net operating income and adjusted EPS came in at $162.75 million, and $4.71, up 11.9% and 18% from the prior year's quarter, respectively.
Analysts expect PRI's revenue and EPS for the third quarter (ending September 2024) to grow 4.2% and 10.6% year-over-year to $740.69 million and $4.73, respectively. Moreover, the company has exceeded the consensus revenue estimates in all four trailing quarters, which is remarkable.
Shares of PRI have surged 6.7% over the past six months and 30.4% over the past year to close the last trading session at $216.57. It has a 24-month beta of 0.69.
PRI's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PRI has an A grade for Momentum and a B grade for Growth, Sentiment, and Stability. It is ranked #11 among 26 stocks in the B-rated <a href="https://stocknews.com/category/life-insurance/">Insurance - Life</a> industry.
In addition to the POWR Ratings highlighted above, you can check PRI's ratings for Value and Quality <a href="https://stocknews.com/stock/PRI/">here</a>.
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HIG shares were trading at $115.84 per share on Friday morning, down $0.31 (-0.27%). Year-to-date, HIG has gained 45.49%, versus a 18.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/hig-bro-pri-3-insurance-stocks-that-offer-growth-and-stability/>3 Insurance Stocks That Offer Growth and Stability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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