Director Joel Babbit Sells Shares of Primerica Inc
On February 20, 2024, Director Joel Babbit sold 750 shares of Primerica Inc (NYSE:PRI), as indicated by a recent SEC Filing. The transaction was executed with the shares priced at $245.46 each, affecting a market capitalization of $8.640 billion for Primerica Inc.
Primerica Inc is a leading provider of financial services to middle-income households in the United States and Canada. The company offers a variety of products and services including term life insurance, investment products, and financial services designed to meet the needs of its clients.
Over the past year, the insider has sold a total of 750 shares and has not made any purchases of the company's stock. The insider transaction history for Primerica Inc reveals a pattern of 20 insider sells and no insider buys over the same period.
The stock's price-earnings ratio stands at 15.55, surpassing both the industry median of 12.07 and Primerica Inc's historical median price-earnings ratio. This suggests a higher valuation compared to the industry and the company's own trading history.
With the current share price at $245.46 and a GuruFocus Value of $195.64, Primerica Inc's price-to-GF-Value ratio is 1.25, categorizing the stock as Modestly Overvalued according to GuruFocus's valuation model.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors and analysts monitoring insider activity may interpret the insider's recent sale as a signal to review their own investment thesis for Primerica Inc, taking into account the company's valuation, insider trends, and overall market conditions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
