Piper Sandler Reiterates Neutral Rating on Primerica (PRI)
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Rating Summary:
3 Buy, 10 Hold, 1 Sell
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Piper Sandler analyst John Barnidge reiterated a Neutral rating and $313.00 price target on Primerica (NYSE: PRI).
The analyst commented, "On 11/14/2024, Primerica (PRI) announced the annual share repurchase authorization of $450 million for 2025, while 2024 authorization was $425 million. This compares with our estimate of $415 million for 2025. Our free-cashflow conversion estimate for 2025 assumes 79.3%, which also includes ~$130 million in dividends. This compares to our 2024 free-cashflow conversion estimate of 71.4%. We view this announcement as an incremental positive for PRI."
For an analyst ratings summary and ratings history on Primerica click here. For more ratings news on Primerica click here.
Shares of Primerica closed at $296.82 yesterday.
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