Primerica Intrinsic Value Calculation – Arizona State Retirement System Increases Stake in Primerica, by 1.2% in Q1
July 22, 2023
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Primerica ($NYSE:PRI), Inc. is a leading financial services marketing company, focused on providing middle-income families with term life insurance, mutual funds, annuities and other financial products. During the first quarter, the Arizona State Retirement System increased its ownership of Primerica, Inc. shares by 1.2%, as per the most recent filing with the Securities and Exchange Commission. This marks a significant increase in the retirement system’s stake in Primerica, signaling their confidence in the company’s future prospects. With the increase in the Arizona State Retirement System’s stake in Primerica, Inc., it is clear that the company is well-positioned to continue to grow and expand its services and offerings during the coming years.
Analysis – Primerica Intrinsic Value Calculation
At GoodWhale, we have analyzed PRIMERICA‘s fundamentals in detail to come up with a fair value for its stock. Our proprietary Valuation Line, which is based on our rigorous analysis of PRIMERICA’s fundamentals, places the fair value of PRIMERICA share at around $178.1. Currently, PRIMERICA stock is trading at $210.9, suggesting that it is slightly overvalued by 18.4%. However, investors should keep in mind that this is only an estimate of the fair value of PRIMERICA stock, and thus should exercise caution before entering into any investment decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Primerica. More…
| Total Revenues | Net Income | Net Margin |
| 2.72k | 381.31 | 15.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Primerica. More…
| Operations | Investing | Financing |
| 719.31 | -118.56 | -442.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Primerica. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.8k | 12.87k | 52.77 |
Key Ratios Snapshot
Some of the financial key ratios for Primerica are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.3% | – | 19.8% |
| FCF Margin | ROE | ROA |
| 25.5% | 18.5% | 2.3% |
Peers
The company provides a variety of products and services, including life insurance, investment products, and credit protection products. Primerica Inc. is headquartered in Duluth, Georgia. The company’s competitors include Genworth Financial Inc, Great Eastern Holdings Ltd, and T&D Holdings Inc.
– Genworth Financial Inc ($NYSE:GNW)
Genworth Financial Inc is a global financial services company with operations in the United States, Canada, Australia, and Europe. The company has a market capitalization of $2.28 billion as of 2022 and a return on equity of 6.09%. The company offers a range of financial products and services, including life insurance, long-term care insurance, mortgage insurance, and annuities. Genworth Financial Inc is headquartered in Richmond, Virginia.
– Great Eastern Holdings Ltd ($SGX:G07)
Great Eastern Holdings Ltd is a leading insurance company in Asia. The company has a market cap of 8.59B as of 2022 and a Return on Equity of 7.45%. Great Eastern Holdings Ltd offers a wide range of insurance products and services, including life, health, and general insurance. The company has a strong presence in Singapore, Malaysia, Indonesia, and Hong Kong.
– T&D Holdings Inc ($TSE:8795)
T&D Holdings Inc is a Japanese company that provides life insurance and annuity products. As of 2022, the company had a market capitalization of 838.76 billion yen and a return on equity of -0.05%. The company’s products are available through a network of agents and brokers in Japan.
Summary
Investing in Primerica can be a smart decision for long-term investors. The Arizona State Retirement System increased its stake in the company by 1.2% during the first quarter of the year, indicating that analysts have confidence in the company’s prospects. Primerica is a financial solutions provider, offering a range of products and services that are designed to help clients meet their financial goals. Its products include life insurance, investments, mutual funds, retirement plans, annuities, and more.
Furthermore, Primerica offers personalized advice to help clients make more informed decisions about their investments. As the company continues to make strong returns, investors can benefit from Primerica’s performance.
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