An Analysis of Primerica Inc. (PRI)’s Potential Price Growth


Primerica Inc.’s recently made public that its Executive VP and CFO Rand Alison S. unloaded Company’s shares for reported $0.61 million on Aug 30. In the deal valued at $202.26 per share,3,000 shares were sold. As a result of this transaction, Rand Alison S. now holds 9,444 shares worth roughly $ 1.93 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, Schneider Peter W. sold 3,500 shares, generating $705,013 in total proceeds. Upon selling the shares at $201.43, the President now owns 9,524 shares.

Before that, Williams Glenn J. sold 4,000 shares. Primerica Inc. shares valued at $853,869 were divested by the Chief Executive Officer at a price of $213.47 per share. As a result of the transaction, Williams Glenn J. now holds 51,583 shares, worth roughly $10.55 million.

Raymond James initiated its Primerica Inc. [PRI] rating to a Strong buy in a research note published on Friday, April 13, 2023; the price target was $244. PT values the company’s stock at a premium of 16.2 to its Friday closing price.

Price Performance Review of PRI

On Friday, Primerica Inc. [NYSE:PRI] saw its stock jump 1.74% to $204.46. On the same session, the stock had its day’s lowest price of $202.60, but rose to a high of $205.71. Over the last five days, the stock has gained 1.96%. Primerica Inc. shares have risen nearly 44.17% since the year began. Nevertheless, the stocks have risen 61.31% over the past one year. While a 52-week high of $220.00 was reached on 08/08/23, a 52-week low of $120.18 was recorded on 01/03/23. SMA at 50 days reached $205.10, while 200 days put it at $175.92. A total of 92413.0 shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For PRI Stock

The 24-hour chart illustrates a support level at 202.80, which if violated will result in even more drops to 201.15. On the upside, there is a resistance level at 205.91. A further resistance level may holdings at 207.37. The Relative Strength Index (RSI) on the 14-day chart is 49.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.64%. Stochastics %K at 28.83% indicates the stock is a holding.

How much short interest is there in Primerica Inc.?

A steep rise in short interest was recorded in Primerica Inc. stocks on Aug 14, 2023, growing by 7070.0 shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.44 million shares. There was a rise of 1.59%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.84.

Primerica Inc. [PRI] – Who Are The Largest Shareholders?

In filings from Kayne Anderson Rudnick Investment, it is revealed that the company now owns 3,793,748 shares, or roughly 10.47% of the outstanding PRI shares. In other words, the investor’s shares have fallen by -113,369 from its previous 13-F filing of 3907117.0. Additionally, The Vanguard Group, Inc. decreased -2.31% of its stake after which the total value it holdings stand at $804,460,753, while BlackRock Fund Advisors reduced -0.97% of its stake to hold $635.01 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 46,617 shares of Primerica Inc., while Brave Warrior Advisors LLC bought -7,135 shares. At present, BAMCO, Inc. is holding 1,946,695 shares valued at $414.06 million. Burgundy Asset Management Ltd. owned 1,283,778 shares of the company at the time of its most recent 13F filing, worth $273.06 million.

However, 6 analysts have rated PRI stock as an Overweight in their predictions for 2023.


Please enter your comment!
Please enter your name here