Primerica Stock Fair Value – BTC Capital Management Sells Shares of Primerica,
June 24, 2023
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BTC Capital Management Inc. recently sold shares of the financial services company, Primerica ($NYSE:PRI), Inc. Primerica is a leading provider of term life insurance, mutual funds, annuities and other financial products and services. The company is headquartered in Duluth, Georgia and operates through its subsidiaries in the United States, Canada, Puerto Rico and the United Kingdom. Primerica also provides financial education to help middle-income households learn how to better manage their finances. The company has demonstrated consistent growth and strong financial performance over the years, making it a popular stock to invest in.
Market Price
On Wednesday, BTC Capital Management Inc. sold a significant number of shares of Primerica, Inc., causing PRIMERICA’s stock to open at $191.9 and close at $193.1, an increase of 0.5% from its previous closing price of 192.2. This shift in stock prices marks a significant sale on PRIMERICA by BTC Capital Management Inc. and is sure to have an impact on the company’s performance in the future. Live Quote…
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% |
Analysis – Primerica Stock Fair Value
At GoodWhale, we have conducted an in-depth analysis of PRIMERICA’s fundamentals. After an extensive evaluation, we have determined that the intrinsic value of a PRIMERICA share is around $177.6. This figure has been calculated using our proprietary Valuation Line. Currently, the PRIMERICA stock is trading at a price of $193.1. This price is slightly overvalued by 8.7%, compared to the intrinsic value determined by our analysis. Primerica“>More…
Peers
The company provides a variety of products and services, including life insurance, investment products, and credit protection products. Primerica Inc. is headquartered in Duluth, Georgia. The company’s competitors include Genworth Financial Inc, Great Eastern Holdings Ltd, and T&D Holdings Inc.
– Genworth Financial Inc ($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
Primerica, Inc. is a leading financial services company, offering a variety of services including term life insurance, mutual funds, annuities, and other financial services products. Recently, BTC Capital Management Inc. sold a notable amount of Primerica shares, reflecting a shift in investment strategy. Analysts have commented that the move could be beneficial to Primerica’s stock performance in the short-term. The strategic decision to sell shares suggests that BTC Capital Management may believe the stock is overvalued and that a downturn in the markets may be imminent.
However, long-term investors should remain bullish on Primerica as its underlying fundamentals remain strong and the company continues to expand its offerings and increase shareholder value.
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