Professional
Added to YB: 2024-11-13
Pitch date: 2024-09-30
PRI [bullish]
Primerica, Inc.
+4.83%
current return
Author Info
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Company Info
Primerica, Inc., together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada.
Market Cap
$9.7B
Pitch Price
$262.74
Price Target
N/A
Dividend
1.43%
Sector
Insurance
Category
value
Show full summary:
Baron FinTech Fund New Position: Primerica, Inc.
PRI: Middle-income financial services co. with 145k sales reps. 26.5% ROE (2x industry avg). Asset-light model, 80-90% risk reinsured. 12% 5yr EPS CAGR. Expect acceleration from sales force growth, higher fees, and 4-5% annual buybacks. Bought at 12x fwd earnings for double-digit EPS compounder.
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