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BABA   86.19 (+0.33%)
AMD   98.07 (+2.20%)
T   14.88 (-0.93%)
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NYSE:PRA

ProAssurance (PRA) Stock Forecast, Price & News

$18.75
+0.18 (+0.97%)
(As of 09/27/2023 ET)
Compare
Today's Range
$18.62
$19.00
50-Day Range
$16.14
$19.00
52-Week Range
$11.87
$22.82
Volume
303,071 shs
Average Volume
321,210 shs
Market Capitalization
$976.13 million
P/E Ratio
104.17
Dividend Yield
N/A
Price Target
$19.50

ProAssurance MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.0% Upside
$19.50 Price Target
Short Interest
Healthy
1.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
144.12%
From $0.34 to $0.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Finance Sector

670th out of 870 stocks

Fire, Marine, & Casualty Insurance Industry

33rd out of 47 stocks


PRA stock logo

About ProAssurance (NYSE:PRA) Stock

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicates segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

PRA Price History

PRA Stock News Headlines

Should You Buy ProAssurance (PRA) After Golden Cross?
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Progressive's (PGR) August Earnings and Revenues Rise Y/Y
Update on Capital Planning*
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
ProAssurance turns earnings around in second quarter
Truist Financial Sticks to Their Hold Rating for ProAssurance (PRA)
Q2 2023 ProAssurance Corp Earnings Call
ProAssurance (PRA) Receives a Buy from JMP Securities
ProAssurance Corp. Q2 Earnings Summary
ProAssurance Reports Results for Second Quarter 2023
See More Headlines
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PRA Company Calendar

Last Earnings
8/08/2023
Today
9/27/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
74267C10
Employees
1,083
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.50
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+3.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-400,000.00
Pretax Margin
0.72%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$1.15 per share
Book Value
$20.46 per share

Miscellaneous

Free Float
51,560,000
Market Cap
$977.69 million
Optionable
Optionable
Beta
0.42
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Key Executives

  • Mr. Edward Lewis Rand Jr. (Age 56)
    CPA, Pres, CEO & Director
    Comp: $2.37M
  • Ms. Dana Shannon Hendricks CPA (Age 55)
    CPA, Exec. VP, Treasurer & CFO
    Comp: $950.48k
  • Mr. Jeffrey Patton Lisenby Esq. (Age 54)
    EVP, Gen. Counsel & Sec.
    Comp: $1.01M
  • Mr. Michael Leonard Boguski CPCU (Age 60)
    Exec. Officer
    Comp: $1.46M
  • Mr. Kevin Merrick Shook CPA (Age 54)
    Pres of Workers Compensation Insurance - Eastern Alliance Insurance Group
    Comp: $948.86k
  • Mr. Lawrence K. Cochran
    Chief Investment Officer, Head of Treasury & VP
  • Michael A. Stoeckert
    CTO & VP
  • Mr. Frank B. O'Neil IRC (Age 70)
    Sr. VP of Corp. Communications & Investor Relations
  • Ms. Kathryn Anne Neville Esq.
    Chief Compliance Officer & VP
  • Ms. Noreen L. Dishart CCP (Age 59)
    SPHR, Chief HR Officer & Exec. VP













PRA Stock - Frequently Asked Questions

Should I buy or sell ProAssurance stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PRA shares.
View PRA analyst ratings
or view top-rated stocks.

What is ProAssurance's stock price forecast for 2023?

2 brokers have issued 1-year target prices for ProAssurance's shares. Their PRA share price forecasts range from $16.00 to $25.00. On average, they expect the company's share price to reach $19.50 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for PRA
or view top-rated stocks among Wall Street analysts.

How have PRA shares performed in 2023?

ProAssurance's stock was trading at $17.47 at the beginning of 2023. Since then, PRA stock has increased by 7.5% and is now trading at $18.78.
View the best growth stocks for 2023 here
.

Are investors shorting ProAssurance?

ProAssurance saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 764,000 shares, an increase of 24.1% from the August 15th total of 615,700 shares. Based on an average daily volume of 303,400 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the shares of the stock are sold short.
View ProAssurance's Short Interest
.

When is ProAssurance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our PRA earnings forecast
.

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) released its quarterly earnings data on Tuesday, August, 8th. The insurance provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The insurance provider had revenue of $291.83 million for the quarter, compared to the consensus estimate of $237.33 million. ProAssurance had a net margin of 0.82% and a trailing twelve-month return on equity of 0.09%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share.

How often does ProAssurance pay dividends? What is the dividend yield for ProAssurance?

ProAssurance announced a quarterly dividend on Wednesday, March 8th. Shareholders of record on Wednesday, March 29th will be given a dividend of $0.05 per share on Thursday, April 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 28th.
Read our dividend analysis for PRA
.

What ETFs hold ProAssurance's stock?

ETFs with the largest weight of ProAssurance (NYSE:PRA) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP).iShares U.S. Insurance ETF (IAK).

What is Edward (Ned) Rand's approval rating as ProAssurance's CEO?

13 employees have rated ProAssurance Chief Executive Officer Edward (Ned) Rand on Glassdoor.com. Edward (Ned) Rand has an approval rating of 49% among the company's employees. This puts Edward (Ned) Rand in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ProAssurance own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ProAssurance investors own include AT&T (T), AbbVie (ABBV), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA), Uniti Group (UNIT), Consolidated Edison (ED), Energy Transfer (ET), Ford Motor (F), General Electric (GE) and KeyCorp (KEY).

What is ProAssurance's stock symbol?

ProAssurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRA."

Who are ProAssurance's major shareholders?

ProAssurance's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.04%), Dimensional Fund Advisors LP (4.37%), State Street Corp (3.83%), TimesSquare Capital Management LLC (2.97%), Allspring Global Investments Holdings LLC (2.69%) and Allspring Global Investments Holdings LLC (2.69%).
View institutional ownership trends
.

How do I buy shares of ProAssurance?

Shares of PRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ProAssurance's stock price today?

One share of PRA stock can currently be purchased for approximately $18.78.

How much money does ProAssurance make?

ProAssurance (NYSE:PRA) has a market capitalization of $977.69 million and generates $1.11 billion in revenue each year. The insurance provider earns $-400,000.00 in net income (profit) each year or $0.18 on an earnings per share basis.

How many employees does ProAssurance have?

The company employs 1,083 workers across the globe.

How can I contact ProAssurance?

ProAssurance's mailing address is 100 Brookwood Place, Birmingham AL, 35209. The official website for the company is www.proassurance.com. The insurance provider can be reached via phone at (205) 877-4400, via email at kenmcewen@proassurance.com, or via fax at 205-868-4073.

This page (NYSE:PRA) was last updated on 9/27/2023 by MarketBeat.com Staff

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