ProAssurance Company Profile (NYSE:PRA)

About ProAssurance

ProAssurance logoProAssurance Corporation is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, liability insurance for medical technology and life sciences risks, and workers' compensation insurance. It operates in four segments: Specialty property and casualty, which includes its professional liability business, and medical technology and life sciences business; Workers' compensation, which includes its workers' compensation business, which it provides for employers, groups and associations; Lloyd's syndicate, which includes operating results from its participation in Lloyd's Syndicate 1729, and Corporate. In addition, the Company is also a provider for Lloyd's of London Syndicate 1729, which writes a range of property and casualty insurance, and reinsurance lines.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Exchange: NYSE
  • Symbol: PRA
  • CUSIP: 74267C10
Key Metrics:
  • Previous Close: $59.55
  • 50 Day Moving Average: $55.80
  • 200 Day Moving Average: $55.03
  • 52-Week Range: $47.19 - $63.53
  • Trailing P/E Ratio: 21.06
  • Foreward P/E Ratio: 26.00
  • P/E Growth: 0.99
  • Market Cap: $3.17B
  • Outstanding Shares: 53,246,000
  • Beta: 0.46
Profitability:
  • Net Margins: 18.29%
  • Return on Equity: 7.13%
  • Return on Assets: 2.89%
Debt:
  • Debt-to-Equity Ratio: 0.17%
  • Current Ratio: 0.52%
  • Quick Ratio: 0.52%
Additional Links:
Companies Related to ProAssurance:

Analyst Ratings

Consensus Ratings for ProAssurance (NYSE:PRA) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $60.00 (0.76% upside)

Analysts' Ratings History for ProAssurance (NYSE:PRA)
Show:
DateFirmActionRatingPrice TargetDetails
1/23/2017JMP SecuritiesBoost Price TargetMarket Perform$57.00 -> $60.00View Rating Details
1/21/2016SunTrust Banks, Inc.UpgradeNeutral -> Buy$48.00 -> $55.00View Rating Details
5/11/2015Janney Montgomery ScottDowngradeBuy -> Neutral$52.00View Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for ProAssurance (NYSE:PRA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017        
2/22/2017Q4 2016$0.64$0.83$175.19 million$237.67 millionViewN/AView Earnings Details
8/3/2016Q216$0.57$0.67$202.70 million$214.80 millionViewN/AView Earnings Details
5/9/2016Q116$0.60$0.46$224.14 million$193.40 millionViewN/AView Earnings Details
2/23/2016Q415$0.76$0.73$164.97 million$185.90 millionViewListenView Earnings Details
11/4/2015Q3$0.64$0.63$227.75 million$174.90 millionViewN/AView Earnings Details
8/6/2015Q215$0.64$0.64$190.80 million$203.40 millionViewListenView Earnings Details
5/7/2015Q1$0.67$0.61$212.52 million$207.80 millionViewListenView Earnings Details
2/24/2015Q414$0.63$1.04$457.36 millionViewListenView Earnings Details
11/5/2014Q314$0.74$0.68$211.90 million$203.80 millionViewListenView Earnings Details
8/5/2014Q214$0.69$0.69$177.24 million$222.50 millionViewListenView Earnings Details
5/6/2014Q114$0.70$0.73$199.69 million$208.05 millionViewListenView Earnings Details
2/20/2014Q413$1.08$1.14$174.40 millionViewListenView Earnings Details
11/7/2013Q313$0.81$0.88$168.51 millionViewListenView Earnings Details
8/5/2013Q2 2013$0.87$0.72$166.53 million$170.80 millionViewListenView Earnings Details
5/6/2013Q1 2013$0.73$0.97$176.89 million$194.97 millionViewListenView Earnings Details
2/19/2013Q4 2012$1.35$1.56$175.49 million$195.42 millionViewListenView Earnings Details
11/6/2012Q312$1.58$1.71$169.29 million$156.50 millionViewN/AView Earnings Details
8/6/2012$1.48$1.92ViewN/AView Earnings Details
5/7/2012$1.36$1.56ViewN/AView Earnings Details
2/22/2012$1.58$4.27ViewN/AView Earnings Details
11/2/2011$1.24$1.57ViewN/AView Earnings Details
8/3/2011$1.25$1.74ViewN/AView Earnings Details
5/5/2011$1.16$1.46ViewN/AView Earnings Details
2/23/2011$1.35$3.08ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for ProAssurance (NYSE:PRA)
Current Year EPS Consensus Estimate: $2.32 EPS
Next Year EPS Consensus Estimate: $2.29 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.46$0.62$0.54
Q2 20163$0.55$0.59$0.57
Q3 20162$0.45$0.58$0.52
Q4 20162$0.62$0.76$0.69
Q1 20172$0.53$0.58$0.56
Q2 20172$0.55$0.60$0.58
Q3 20172$0.53$0.63$0.58
Q4 20172$0.65$0.67$0.66
Q1 20181$0.62$0.62$0.62
Q2 20181$0.62$0.62$0.62
Q3 20181$0.64$0.64$0.64
Q4 20181$0.66$0.66$0.66
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for ProAssurance (NYSE:PRA)
Annual Dividend:$1.24
Dividend Yield:2.08%
Dividend Growth:18.20% (3 Year Average)
Payout Ratio:50.61% (Based on Trailing 12 Months of Earnings)
53.45% (Based on Current Year Consensus EPS Estimate)
54.15% (Based on Next Year Consensus EPS Estimate)

Dividend History for ProAssurance (NYSE:PRA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/30/2016quarterly$0.312.17%12/21/201612/23/20161/9/2017
9/7/2016quarterly$0.312.29%9/26/20169/28/201610/7/2016
5/25/2016quarterly$0.312.4%6/22/20166/24/20167/8/2016
3/2/2016quarterly$0.312.49%3/28/20163/30/20164/12/2016
12/2/2015special$1.002.38%12/22/201512/24/20151/8/2016
9/2/2015quarterly$0.312.56%9/22/20159/24/201510/7/2015
5/27/2015quarterly$0.312.75%6/23/20156/25/20157/9/2015
3/3/2015quarterly$0.312.76%3/24/20153/26/20154/8/2015
12/3/2014special$2.652.65%12/26/201412/30/20141/9/2015
9/3/2014quarterly$0.302.61%9/24/20149/26/201410/9/2014
5/28/2014quarterly$0.302.65%6/25/20146/27/20147/11/2014
3/5/2014quarterly$0.302.66%3/26/20143/28/20144/10/2014
12/4/2013quarterly$0.302.49%12/24/201312/27/20131/9/2014
9/11/2013quarterly$0.252.14%9/25/20139/27/201311/10/2013
5/22/2013quarterly$0.252%6/25/20136/27/20137/12/2013
3/6/2013quarterly$0.252.14%3/26/20133/29/20134/11/2013
12/9/2012special$1.2512/13/201212/17/201212/27/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for ProAssurance (NYSE:PRA)
Insider Ownership Percentage: 2.00%
Institutional Ownership Percentage: 79.43%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/8/2015Ziad HaydarDirectorBuy3,065$48.75$149,418.75View SEC Filing  
8/25/2014Piazza Samuel A Jr. DiDirectorBuy5,000$45.84$229,200.00View SEC Filing  
8/7/2014Anthony R TersigniDirectorBuy2,000$43.65$87,300.00View SEC Filing  
5/29/2013Thomas A.S. Wilson JrDirectorBuy1,000$49.87$49,870.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for ProAssurance (NYSE:PRA)
DateHeadline
News IconInfosys amends rules to go for share buyback (NYSE:PRA)
latribunadecanarias.com - February 24 at 8:32 PM
seekingalpha.com logoProAssurance's (PRA) CEO Stan Starnes on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:PRA)
seekingalpha.com - February 24 at 12:25 AM
nasdaq.com logoProAssurance (PRA) Beats Q4 Earnings & Revenue Estimates - Nasdaq (NYSE:PRA)
www.nasdaq.com - February 24 at 12:25 AM
finance.yahoo.com logoEdited Transcript of PRA earnings conference call or presentation 23-Feb-17 3:00pm GMT (NYSE:PRA)
finance.yahoo.com - February 24 at 12:25 AM
zacks.com logoProAssurance (PRA) Beats Q4 Earnings & Revenue Estimates (NYSE:PRA)
www.zacks.com - February 23 at 8:50 AM
biz.yahoo.com logoPROASSURANCE CORP Files SEC form 10-K, Annual Report (NYSE:PRA)
biz.yahoo.com - February 23 at 8:50 AM
4-traders.com logoProAssurance : posts 4Q profit (NYSE:PRA)
www.4-traders.com - February 23 at 12:29 AM
News IconWhat You Must Know About ProAssurance Corporation’s (PRA) 6.5% ROE? (NYSE:PRA)
simplywall.st - February 23 at 12:29 AM
us.rd.yahoo.com logoProAssurance Reports Results for Fourth Quarter 2016 (NYSE:PRA)
us.rd.yahoo.com - February 23 at 12:29 AM
finance.yahoo.com logoProAssurance Reports Results for Fourth Quarter 2016 - Yahoo Finance (NYSE:PRA)
finance.yahoo.com - February 22 at 7:28 PM
News IconConsensus Take: ProAssurance Corporation (NYSE:PRA) Earnings & Ratings Watch - Aiken Advocate (NYSE:PRA)
aikenadvocate.com - February 22 at 7:28 PM
News IconStock Buzz on ProAssurance Corporation (NYSE:PRA): Can They Meet the Earnings Target of $0.63 - Winfield Review (NYSE:PRA)
winfieldreview.com - February 22 at 7:28 PM
nasdaq.com logoProAssurance Corp. Q4 Income Advances 14% - Nasdaq (NYSE:PRA)
www.nasdaq.com - February 22 at 7:28 PM
News IconProAssurance Corporation (PRA) Releases Earnings Results, Beats Expectations By $0.20 EPS - Highland Mirror (NYSE:PRA)
www.highlandmirror.com - February 22 at 7:28 PM
sg.finance.yahoo.com logoProAssurance posts 4Q profit (NYSE:PRA)
sg.finance.yahoo.com - February 22 at 7:28 PM
capitalcube.com logoProAssurance Corp. : PRA-US: Dividend Analysis : December 23rd, 2016 (record date) : By the numbers : February 7, 2017 (NYSE:PRA)
www.capitalcube.com - February 7 at 9:52 PM
finance.yahoo.com logoProAssurance Corporation Announces Dates for Fourth Quarter 2017 Earnings Release and Conference Call (NYSE:PRA)
finance.yahoo.com - January 23 at 9:20 AM
4-traders.com logoProAssurance Corporation : Moves Higher on Volume Spike for January 11 (NYSE:PRA)
www.4-traders.com - January 14 at 4:42 AM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bearish Manner : PRA-US : January 6, 2017 (NYSE:PRA)
www.capitalcube.com - January 6 at 8:03 PM
4-traders.com logoPROASSURANCE CORPORATION : ex-dividend day (NYSE:PRA)
www.4-traders.com - December 20 at 6:56 PM
capitalcube.com logoETFs with exposure to ProAssurance Corp. : December 13, 2016 (NYSE:PRA)
www.capitalcube.com - December 13 at 7:41 PM
insidermonkey.com logoIs ProAssurance Corporation (PRA) a Good Stock To Buy? (NYSE:PRA)
www.insidermonkey.com - December 8 at 7:47 PM
marketexclusive.com logoProAssurance Corporation (NYSE:PRA) Files An 8-K Regulation FD Disclosure (NYSE:PRA)
marketexclusive.com - December 1 at 12:31 AM
us.rd.yahoo.com logoProAssurance Announces Special and Regular Dividends Totaling $5.00 per Share (NYSE:PRA)
us.rd.yahoo.com - November 30 at 7:30 PM
us.rd.yahoo.com logo4:17 pm ProAssurance declares a special dividend of $4.69/share (NYSE:PRA)
us.rd.yahoo.com - November 30 at 7:30 PM
4-traders.com logoProAssurance Corporation : (PRA) Files An 8-K Regulation FD Disclosure (NYSE:PRA)
www.4-traders.com - November 16 at 7:13 PM
finance.yahoo.com logoFitch Affirms ProAssurance's Ratings; Outlook Stable (NYSE:PRA)
finance.yahoo.com - November 15 at 7:33 PM
biz.yahoo.com logoPROASSURANCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:PRA)
biz.yahoo.com - November 14 at 11:01 AM
capitalcube.com logoETF’s with exposure to ProAssurance Corp. : November 10, 2016 (NYSE:PRA)
www.capitalcube.com - November 10 at 6:48 PM
finance.yahoo.com logoPROASSURANCE CORP Financials (NYSE:PRA)
finance.yahoo.com - November 10 at 6:48 PM
capitalcube.com logoProAssurance Corp. :PRA-US: Earnings Analysis: Q3, 2016 By the Numbers : November 8, 2016 (NYSE:PRA)
www.capitalcube.com - November 8 at 10:24 AM
finance.yahoo.com logoEdited Transcript of PRA earnings conference call or presentation 3-Nov-16 2:00pm GMT (NYSE:PRA)
finance.yahoo.com - November 4 at 10:39 AM
sg.finance.yahoo.com logoProAssurance misses 3Q profit forecasts (NYSE:PRA)
sg.finance.yahoo.com - November 3 at 11:02 AM
finance.yahoo.com logoProAssurance (PRA) Q3 Earnings, Revenues Beat Estimates (NYSE:PRA)
finance.yahoo.com - November 3 at 11:02 AM
nasdaq.com logoProAssurance Corp. Profit Declines 26% In Q3 (NYSE:PRA)
www.nasdaq.com - November 2 at 7:10 PM
biz.yahoo.com logoPROASSURANCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financ (NYSE:PRA)
biz.yahoo.com - November 2 at 7:10 PM
publicnow.com logoProAssurance Reports Results for Third Quarter 2016 (NYSE:PRA)
www.publicnow.com - November 2 at 7:10 PM
finance.yahoo.com logo5:05 pm ProAssurance reports EPS in-line with consensus and pre-announcement, beats on revs (NYSE:PRA)
finance.yahoo.com - November 2 at 7:10 PM
biz.yahoo.com logoQ3 2016 ProAssurance Corp Earnings Release - After Market Close (NYSE:PRA)
biz.yahoo.com - November 2 at 10:29 AM
finance.yahoo.com logoP&C Insurance Stock Q3 Earnings on Nov 2: ALL, FNF, MKL, PRA (NYSE:PRA)
finance.yahoo.com - November 1 at 11:26 AM
News IconQ3 2016 EPS Estimates for ProAssurance Corp. Lowered by Langen Mcalenn (PRA) (NYSE:PRA)
thelakeandeswave.com - October 28 at 6:40 PM
streetinsider.com logoProAssurance (PRA) Prelim. Q3 EPS Tops Views (NYSE:PRA)
www.streetinsider.com - October 25 at 6:54 PM
publicnow.com logoProAssurance Announces Preliminary Results for Third Quarter 2016 (NYSE:PRA)
www.publicnow.com - October 24 at 6:35 PM
biz.yahoo.com logoPROASSURANCE CORP Files SEC form 8-K, Results of Operations and Financial Condition (NYSE:PRA)
biz.yahoo.com - October 24 at 6:35 PM
capitalcube.com logoProAssurance Corp. : PRA-US: Dividend Analysis : September 28th, 2016 (record date) : By the numbers : October 24, 2016 (NYSE:PRA)
www.capitalcube.com - October 24 at 12:22 PM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bearish Manner : PRA-US : October 21, 2016 (NYSE:PRA)
www.capitalcube.com - October 21 at 10:20 AM
News IconUpdate on ProAssurance Corporation (NYSE:PRA) for the day (NYSE:PRA)
twincountynews.com - October 16 at 11:11 AM
capitalcube.com logoETF’s with exposure to ProAssurance Corp. : October 7, 2016 (NYSE:PRA)
www.capitalcube.com - October 7 at 12:00 PM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bullish Manner : PRA-US : October 6, 2016 (NYSE:PRA)
www.capitalcube.com - October 6 at 12:23 PM
publicnow.com logoProAssurance Corporation Announces Dates for Third Quarter Earnings Release and Conference Call (NYSE:PRA)
www.publicnow.com - October 4 at 6:25 PM

Social

What is ProAssurance's stock symbol?

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

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

ProAssurance announced a quarterly dividend on Wednesday, November 30th. Shareholders of record on Friday, December 23rd will be given a dividend of $0.31 per share on Monday, January 9th. This represents a $1.24 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Wednesday, December 21st.

Where is ProAssurance's stock going? Where will ProAssurance's stock price be in 2017?

1 brokerages have issued 1-year price targets for ProAssurance's shares. Their predictions range from $60.00 to $60.00. On average, they expect ProAssurance's share price to reach $60.00 in the next year.

When will ProAssurance announce their earnings?

ProAssurance is scheduled to release their next quarterly earnings announcement on Monday, May, 8th 2017.

What are analysts saying about ProAssurance stock?

Here are some recent quotes from research analysts about ProAssurance stock:

  • According to Zacks Investment Research, "The shares of  ProAssurance have gained 16% in 2016 compared to 21% gained by the Zacks categorized Property & Casualty insurance industry on the back of its exposure to persistently low interest rate as well as reduced retention rates. Volatility in premium retention in its physician business is another headwind. The Zacks Consensus Estimate for the fourth quarter is currently pegged at $0.67 reflecting 7.8% year over year decline. However, its inorganic growth strategies have largely helped it build a solid competitive market position. Its robust capital position has enabled it to boost investors’ return by undertaking share buybacks as well as paying quarterly dividends and special dividends. Prudent operating and financial leverage, responsible pricing, loss reserve practice and conservative investments in assets will likely drive growth." (1/10/2017)

  • JMP Securities analysts commented, "[W]e believe PRA is well situated for both the challenging insurance market and changing healthcare environment at hand today," analyst Matthew Carletti wrote in a note.The analyst, who maintains his Market Outperform rating on the stock, said his bullish thesis is based on a "differentiated product that commands a premium price," products covering a broad spectrum within healthcare, a solid balance sheet and strong underwriting discipline.Carletti said ACA will likely present challenges as well as opportunities, and ProAssurance is better positioned to take advantage of than most of its peers.Related Link: Is The Market On The Verge Of A Steep Decline? This Pro Says YesCommenting on ProAssurance's strong balance sheet, the analyst estimates reserve redundancies conservatively at $5/share. The analyst expects full-year EPS of $2.40."As long as loss cost inflation remains benign, releases should continue. If loss cost inflation were to tick up materially, PRA would have a significant cushion, while we believe many peers would likely be forced to add to reserves," Carletti highlighted.According to the analyst, the stock currently trades at 1.4x 1Q16 reported book value, and valuation is compelling.After adjusting for the reserve redundancies estimate, the analyst noted that the stock is trading closer to economic book value (JMP estimate 1.2x), a level that, "in our opinion, is too low for such a high-quality company with a track record such as PRA's (12 percent BV CAGR over the past five years with a standard deviation of 2 percent; 16 percent BV CAGR since IPO)." (6/13/2016)

Who owns ProAssurance stock?

ProAssurance's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (3.32%), Dimensional Fund Advisors LP (3.09%), State Street Corp (2.00%), Renaissance Technologies LLC (0.63%), Loomis Sayles & Co. L P (0.58%) and Royce & Associates LP (0.42%).

Who sold ProAssurance stock? Who is selling ProAssurance stock?

ProAssurance's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Cortina Asset Management LLC, Franklin Resources Inc., AQR Capital Management LLC, Janus Capital Management LLC, Royce & Associates LP, Loomis Sayles & Co. L P and Baird Financial Group Inc..

Who bought ProAssurance stock? Who is buying ProAssurance stock?

ProAssurance's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, Dimensional Fund Advisors LP, Two Sigma Investments LP, Employees Retirement System of Texas, Welch Investments LLC, Guggenheim Capital LLC and A.R.T. Advisors LLC.

How do I buy ProAssurance stock?

Shares of ProAssurance can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of ProAssurance stock cost?

One share of ProAssurance stock can currently be purchased for approximately $59.55.

ProAssurance (NYSE:PRA) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for ProAssurance (NYSE:PRA)

Earnings History Chart

Earnings by Quarter for ProAssurance (NYSE:PRA)

Dividend History Chart

Dividend Payments by Quarter for ProAssurance (NYSE:PRA)

Last Updated on 2/25/2017 by MarketBeat.com Staff