Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Investors in Primerica, Inc. (PRI) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $175 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

Earnings Results Quarter Ended September 30, 2024 Forward-Looking Statements This presentation may contain forward-looking statements. Information on factors that could cause results to differ materially from those projected in this presentation is available in our Form 10-K for the year ended December 31, 2023, as may be modified by subsequent Forms 10-Q. These documents are available in the Investor Relations section of our website, https://investors.primerica.com. The forwardlooking statements speak as o ...

Primerica (PRI) reported $770.09 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 8%. EPS of $5.68 for the same period compares to $4.28 a year ago.The reported revenue represents a surprise of +4.05% over the Zacks Consensus Estimate of $740.09 million. With the consensus EPS estimate being $4.78, the EPS surprise was +18.83%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Primerica (PRI) came out with quarterly earnings of $5.68 per share, beating the Zacks Consensus Estimate of $4.78 per share. This compares to earnings of $4.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.83%. A quarter ago, it was expected that this life insurance and financial products company would post earnings of $4.45 per share when it actually produced earnings of $4.71, delivering a surprise of 5.84%.Over the la ...

Financial Performance - The financial supplement for Primerica, Inc. provides a comprehensive analysis of the third quarter 2024 earnings, focusing on core metrics used by management for strategic decisions[2]. - Adjusted net operating income and diluted adjusted operating earnings per share exclude the tax effect of pre-tax operating adjustments and non-recurring items, ensuring comparability in results[2]. - The company reported significant operating adjustments, excluding investment gains/losses and corporate restructuring charges related to exiting the senior health business[2]. - Adjusted stockholders' equity removes the impact of net unrealized gains and losses on invested assets, reflecting a more stable financial position[2]. - The document includes reconciliations of non-GAAP to GAAP financial measures, highlighting the importance of these metrics in evaluating ongoing business performance[2]. - Total revenues for Q1 2024 reached $735.95 million, an increase of 11.0% year-over-year[8]. - Net income from continuing operations for Q1 2024 is $148.41 million, representing a year-over-year increase of 26.3%[6]. - Basic earnings per share for Q1 2024 is $4.24, a decrease of 5% compared to Q4 2023[6]. - The company reported a return on equity of 38.9% for Q1 2024, up from 27.9% in Q4 2023[6]. - The company reported a total of 364 million common shares outstanding as of June 30, 2023, an increase from 358 million at the end of March 31, 2023[3]. Investment Portfolio - Primerica's investment portfolio is detailed, providing insights into asset management and performance metrics[1]. - The company emphasizes the impact of market movements on unrealized investment gains and losses, which do not correlate with cash flows from matured assets[2]. - The company’s cash and investments, excluding securities held to maturity, totaled $3,226.05 million as of June 30, 2023, slightly down from $3,246.38 million at the end of March 31, 2023[3]. - The total reinsurance recoverables decreased to $3,084.52 million as of June 30, 2023, from $3,217.35 million at the end of March 31, 2023, a decline of approximately 4.1%[3]. - The fixed income portfolio has a duration of 5.2 years, with total fixed income valued at $2,998,190,000 and an amortized cost of $3,129,474,000[26]. - The effective maturity of fixed-maturity securities shows that 39.3% are in the 5-10 years range, valued at $1,179,081,000[26]. - The total fixed income portfolio has increased from $288.815 million to $292.729 million, representing a percentage of total fixed income portfolio growth from 7.9% to 8.1%[30]. Segment Performance - The financial results include segment operating results for Term Life Insurance and Investment and Savings Products, showcasing key statistics and financial analysis[1]. - Total term life income before income taxes for Q3 2023 was $4 million, representing a 12.8% increase year-over-year[18]. - The Corporate & Other segment showed a loss of $19.9 million, indicating challenges in this area[10]. - Total revenues for Q4 2023 amounted to $770.08 million, representing a year-over-year growth of 9.5%[12]. - Term Life Insurance adjusted direct premiums for Q4 2023 reached $648.90 million, reflecting a year-over-year increase of 5.8%[12]. Future Outlook - Future outlook includes continued expansion in the mutual funds and variable annuities market, focusing on asset-based revenues[11]. - The company plans to enhance its service offerings to increase ongoing fees from client accounts[11]. - Market expansion strategies are being implemented to capture a larger share of the financial services sector[11]. - The company plans to focus on market expansion and new product development in the upcoming quarters[15]. - Future guidance indicates a cautious outlook due to ongoing restructuring and market conditions[15]. Client and Sales Metrics - The beginning of the life-insurance licensed sales force was 135,208 representatives, increasing to 141,572 by Q1 2024, representing a 4.7% year-over-year growth[19]. - The life-insurance licensed sales force increased to 361,925 in 2023, up from 359,735 in 2022, reflecting a growth of approximately 0.3%[31]. - Issued term life policies reached 287,809 in 2023, a decrease of 11.5% compared to 323,800 in 2021[31]. - The estimated annualized issued term life premium from new policies was $302.4 million in 2023, showing an increase from $271.9 million in 2022[31]. - The total estimated annualized issued term life premium was $376.6 million in 2023, up from $348.5 million in 2022, reflecting a growth of approximately 8.5%[31]. Financial Ratios and Metrics - The debt-to-capital ratio for Q1 2024 is 21.4%, a decrease from 22.3% in Q4 2023[6]. - Cash and invested assets to adjusted stockholders' equity ratio improved to 2.3x, up from 2.1x[7]. - The average stockholders' equity for Q1 2024 is $2,239,762 thousand, an increase from $2,189,231 thousand in Q4 2023[6]. - Adjusted stockholders' equity per share decreased by 5.2% to $62.37 from $65.72[7]. - The company reported a net change in market value of assets, reflecting fluctuations net of fees and expenses[23].

Primerica (PRI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numbers are better than ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Core Viewpoint - Primerica Inc. (PRI) is experiencing strong share price performance driven by a solid business model, market presence, and financial health, with a focus on enhancing shareholder value [1][12]. Financial Performance - PRI's earnings have increased by 17.6% over the past five years, significantly outperforming the industry average of 4.6% [1]. - The company has seen a share price gain of 11.6% in the past three months, slightly ahead of the industry's growth of 11.4% [2]. - The Zacks Consensus Estimate for 2024 indicates an 11.7% year-over-year increase, while the estimate for 2025 suggests an 11.5% increase [4]. Valuation and Analyst Sentiment - The average target price for PRI shares is $275.20, suggesting a potential upside of 4.5% from the recent closing price [3]. - Four out of six analysts have raised their earnings estimates for 2024 and 2025 in the past 60 days, reflecting positive sentiment [4]. Profitability Metrics - PRI's trailing 12-month return on equity (ROE) stands at 27.8%, significantly higher than the industry average of 15.5% [5]. - The return on invested capital for PRI is 7.2%, compared to the industry average of 0.7%, indicating efficient fund utilization [5]. Market Position and Strategy - The company is well-positioned to meet the growing demand for financial security among middle-income Americans, with nearly 48% of this demographic preparing for retirement [6]. - Management anticipates a sales force increase of over 5% in 2024, which is expected to support growth in Term Life policies and Investment and Savings Products [7]. Business Adjustments - PRI has decided to exit the senior health market to focus on more profitable areas, allowing for better resource allocation [8]. - The company maintains a strong balance sheet with improving leverage ratios and solid liquidity, which is favorable for credit ratings [8]. Cash Flow and Shareholder Returns - The strength of the Term-life insurance business ensures consistent free cash flow, with conversion rates exceeding 100% in recent quarters [9]. - PRI has a history of increasing dividends annually, with a 10-year compound annual growth rate (CAGR) of 16.8%, and has $173.2 million in shares remaining for buybacks [10]. Valuation Concerns - PRI shares are currently trading at a price-to-book multiple of 4.27, which is higher than the industry average of 1.94, indicating potential overvaluation [11].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...