Primerica, Inc.
In the published model solve dated 2026-Q2, anchored at $320.08, Primerica, Inc. (PRI) is priced for 26.0% 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: 2026-08-05 (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); 2026-02-23 (items 5.03, 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.