Morgan Stanley Analyst Reduces Primerica, Inc. (PRI)'s Price Target In Response To Q3 Results

Primerica, Inc. (NYSE:PRI) is among the 9 Best Life Insurance Stocks to Buy Now.

As of December 5, analyst views tilt towards the cautious side for Primerica, Inc. (NYSE:PRI) with only 40% of analysts recommending a Buy. But the stock is expected to see around 20% potential upside, based on the consensus 1-year median price target of $303.

According to TheFly, Morgan Stanley analyst Bob Huang reduced Primerica, Inc. (NYSE:PRI)’s price objective from $306 to $301 on November 17, 2025. The company’s rating remained Equal Weight.

Morgan Stanley adjusted its insurance-sector models in response to Q3 results, per the analyst note. The analyst highlighted that while property and casualty trends point to a slowing cycle into 2026, life-insurance earnings were substantially higher than suggested by share-price reactions.

Earlier, Primerica, Inc. (NYSE:PRI) reported adjusted net operating income of $206 million for the third quarter of 2025, up 7% year over year, with an 11% increase in EPS to $6.33. The Investment and Savings Products (ISP) category generated record sales of $3.7 billion, up by 28% YoY, and net inflows of $363 million, while customer assets grew by 14% to $127 billion. The management anticipates that ISP sales will climb by about 20% over the course of 2025 due to solid equity markets and steady momentum.

Furthermore, on November 19, 2025, Business Wire reported that Primerica, Inc. (NYSE:PRI)’s Board of Directors had authorized a $475 million share repurchase program that would run until December 31, 2026. According to the business, repurchases could take place through block trades, open-market transactions, or privately negotiated agreements, depending on the situation of the market and legal requirements. Primerica, Inc. (NYSE:PRI) stressed that the authorization was motivated by financial strength in all areas. As of September 30, 2025, the company declared $967 billion in Term Life face amount in force, including continuous contributions from its fee-based investing operations.

Primerica, Inc. (NYSE:PRI) provides financial services to middle-income households in the United States and Canada. The business distributes financial products on behalf of third parties, including annuities, mutual funds, and life insurance.

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