Primerica Board Authorizes $425M Share Repurchase Program To Occur Through December 31, 2024
Portfolio Pulse from Benzinga Newsdesk
Primerica's Board has authorized a new share repurchase program, allowing the company to buy back up to $425 million worth of its shares until December 31, 2024.
November 16, 2023 | 9:40 pm
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POSITIVE IMPACT
Primerica's new $425 million share repurchase program may lead to a positive short term impact on its stock price as it reflects the company's confidence in its financial health and commitment to returning value to shareholders.
Share repurchase programs often lead to a positive market reaction as they can indicate that a company believes its stock is undervalued and that it is confident in its financial position. The repurchase also reduces the number of outstanding shares, which can increase earnings per share (EPS) and potentially lead to a higher stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100