3 models fit Primerica Inc. Common Stock and they agree: 3 of 3 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Near fair value(i)Silver67
Valued as an insurer: Residual income, P/E comparison, and Dividend discount.
ACCE opinionPrimerica Inc. Common Stock (PRI)
Fair value (3 models)
$302
ACCE price target
$275
Rating
Fairly valued
Horizon
12 months
Fair value published on 30 Sept 2026, 00:00 CEST; previously $306 since 25 Sept 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $274 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, P/E comparison, and Residual income.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
9.3% below
+10.2% to fair value
ACCE score
75
out of 100
Analysts
25% buy
8 covering
P/E
11.4x
forward 14.0x
1-year return
+3.6%
Dividend yield
1.63%
Primerica Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Primerica sells term life insurance and mutual fund and annuity products through a field force of roughly 130,000 licensed representatives, mostly to middle-income households in the US and Canada that are underinsured. The moat is distribution: the agency model is hard to replicate, and it converts a large base of household clients into repeat policy sales with low customer acquisition cost. Revenue growth of 8.7% and a 33.0% ROE on an 11.3x trailing P/E stand out for a company this size, and the forward P/E of 14.0 implies earnings are expected to dip before recovering, which is worth checking against the consensus numbers. The 31.5% operating margin and 72.1% gross margin suggest the franchise is still earning well above its cost of capital. The starting question is whether that margin and growth are durable as the company's life and investment product mix shifts and rates move.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Score slipping over 90 days
ACCE score fell from 79 to 75 over 90 days, with Momentum at 63 the weakest component. Worth watching, not an alarm on its own.
moderate
Modest insider selling
Insiders disclosed $0.91M of sales and no buys across the last 10 filings. Insider ownership is only 0.5%, so the signal is light.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Primerica earns a 22.8% net margin and a 33.0% return on equity, both strong for a financial company.
Free cash flow over the last twelve months reached $875M, and the share count fell 4.4% in the last fiscal year.
The stock trades at a 10.1% free cash flow yield and 11.4x trailing earnings, below the sector median forward P/E of 11.8x.
Why it could disappoint
Revenue growth slowed to 8.7% year over year, a little above its 7.8% five-year average, leaving little room for a rerating.
Only 25% of analysts rate the stock Buy or Strong Buy, with just 2 of 8 holding that view.
The forward P/E of 14.0x sits above the trailing 11.4x, meaning the market expects earnings to dip and the stock already trades above the sector median.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where PRI's valuation models land
Price
$274.43
Model fair value
$302
Model range
$284 to $321
Fair value $302
Price $274
The price is below the whole model range.
Model
Fair value
Upside
Dividend discount
P/E comparison
Residual income
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Quality
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Quality and conviction INVESTOR FEATURE
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