Primerica, Inc.
In the published model solve dated 2026-Q2, anchored at $274.72, Primerica, Inc. (PRI) is priced for 22.0% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- Primerica sells term life insurance (about 59% of the business) and investment and savings products (41%) to middle-income households through a large independent sales force of roughly 150,000 licensed representatives. The distribution network, not the products, is the asset. - Profitability is exceptional. The company has recently earned a return on equity around 20%, far above the cost of capital, which is why an insurer like this is read off price-to-book, not an earnings multiple. At about
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485 institutional managers reported holding PRI in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 57%. 46 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 1.2M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (5.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PRI has cut its share count 19.9% over the past five years, spending $1.74B on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting); the current rate is $4.16 a share annually. Cash returned over the past three years: $882.31M in dividends and $1.19B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PRI over the trailing three years. Absence is a fact about the company, not a signal. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PRI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-03-01 | +3.2% | -6.2% |
| 2023-05-10 | -1.2% | +12.5% |
| 2023-08-09 | +0.5% | -5.0% |
| 2023-11-09 | +0.9% | +6.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PRI's latest 8-K filings: 2026-11-04 (items 2.02, 7.01, 9.01); 2026-08-05 (items 2.02, 7.01, 9.01); 2026-06-02 (items 1.01, 2.03, 9.01); 2026-05-27 (items 5.07); 2026-05-06 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.