Primerica HBI Rises to 100.7% in November, Reflecting Inflation Impact
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Businesswire
- Index Increase: The Primerica Household Budget Index (HBI™) rose slightly to 100.7% in November, a 0.2% increase from last year, indicating a minor alleviation of pressure on middle-income families regarding essential living costs.
- Inflation Analysis: The Consumer Price Index (CPI) recorded a 2.7% year-over-year increase in November, while the inflation rate for middle-income families was 3.2%, suggesting that this demographic is experiencing a higher cost of living than the general population, impacting their purchasing power.
- Rising Necessity Costs: The cost of essential items included in the HBI™ metric has increased by 3.3% compared to last year, further straining the economic situation for middle-income families and potentially suppressing consumer spending.
- Economic Impact Assessment: With middle-income households representing over 55% of the U.S. population, changes in the HBI™ serve as a crucial real-time indicator of economic trends, reflecting whether these families are gaining or losing financial ground.
PRI
$259.24+Infinity%1D
Analyst Views on PRI
Wall Street analysts forecast PRI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRI is 313.60 USD with a low forecast of 292.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 260.210
Low
292.00
Averages
313.60
High
340.00
Current: 260.210
Low
292.00
Averages
313.60
High
340.00
About PRI
Primerica, Inc. is a provider of financial products and services to middle-income households in North America. The Company's segments include Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Company, through its three life insurance subsidiaries, Primerica Life Insurance Company, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada (Primerica Life Canada), offers term life insurance to clients in the United States, its territories, and Canada. The Company, through Primerica Financial Services, LLC; PFS Investments Inc.; Primerica Life Canada; PFSL Investments Canada Ltd., and licensed independent sales representatives, distributes and sells to its clients a range of investment products such as mutual funds; managed investments; variable, index-linked, fixed and fixed indexed annuities, and segregated funds. It distributes other products, including prepaid legal services and mortgage loan referrals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
