Executive VP and COO Gregory Pitts Sells Shares of Primerica Inc (PRI)
Gregory Pitts, the Executive Vice President and Chief Operating Officer of Primerica Inc (NYSE:PRI), has sold 3,759 shares of the company on March 11, 2024, according to a recent SEC filing. The transaction was executed at an average price of $245.43 per share, resulting in a total value of $922,891.37.
Primerica Inc, a leading provider of financial services to middle-income households in the United States and Canada, offers products such as term life insurance, mutual funds, annuities, and other financial products designed to help their clients achieve financial security.
Over the past year, the insider has sold a total of 3,759 shares of Primerica Inc and has not made any purchases of the stock. The company's insider transaction history reveals a pattern of 14 insider sells and no insider buys over the same period.
On the day of the insider's recent sale, Primerica Inc's shares were trading at $245.43, giving the company a market capitalization of $8.581 billion. The price-earnings ratio stood at 15.51, which is above the industry median of 12.32 and also exceeds the historical median price-earnings ratio for the company.
The stock's price-to-GF-Value ratio is 1.24, with a GF Value of $198.20, indicating that Primerica Inc is considered modestly overvalued according to GuruFocus's valuation model. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
