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Primerica Inc. (PRI) distributes financial products to middle-income households.
The Company operates through three segments.
The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries.
The Investment and Savings Products segment includes retail and managed mutual funds, and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an individual annuity savings product that it underwrites through Primerica Life Insurance Company of Canada. In the United States, it distributes mutual fund and annuity products of various third-party companies.In Canada, it offers a Primerica-branded fund-of-funds mutual fund product, as well as mutual funds of mutual fund companies.
The Corporate and Other Distributed Products segment consists of revenues and expenses related to the distribution of non-core products, allocated net investment income, prepaid legal services and various financial products other than its core term life insurance products underwritten or offered by third-party providers.
Shares have formed a bullish "flag" and higher share prices are expected for this stock. Note that there have been several large purchases of the stock by institutions such as: Old Mutual Global Investors UK, State of Tennessee Treasury Department, and SEI Investments. The company reports its earnings on February 8th.
Entry Point: $37.09 - $73.05
52-Weeks Trading Range: $70.90
Stop Loss: $67.00
Target Price: $78.00
PRI closed at $77.65
