Yahoo Finance Insider Selling: Director Addison John A. Jr. Sells Shares of Primerica Inc (PRI)
On September 10, 2024, Addison John A. Jr., a Director at Primerica Inc (NYSE:PRI), executed a sale of 2,000 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now directly owns 15,150.782 shares of Primerica Inc.
Primerica Inc (NYSE:PRI) is a leading provider of financial services to middle-income households in the United States and Canada. The company offers products and services for life insurance, mutual funds, annuities, and other financial products aimed at helping clients achieve financial security.
Over the past year, Addison John A. Jr. has sold a total of 3,215 shares of Primerica Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 14 insider sells and no insider buys over the past year.
Shares of Primerica Inc were trading at $253.85 on the day of the transaction. The company currently has a market cap of approximately $8.445 billion. The price-earnings ratio of Primerica Inc stands at 19.99, which is above both the industry median of 11.13 and the company's historical median.
According to the GF Value, the intrinsic value of Primerica Inc's stock is estimated at $214.03, suggesting that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.19.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider selling activity could be of interest to current and potential investors, as it provides insight into the perspectives of high-level executives and directors at Primerica Inc regarding the company's current valuation and future prospects.
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.
