ProAssurance Stock Forecast, Price & News

ProAssurance's stock was trading at $21.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PRA shares have decreased by 29.9% and is now trading at $14.97.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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ProAssurance is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for ProAssurance.

ProAssurance Co. (NYSE:PRA) announced its earnings results on Monday, August, 10th. The insurance provider reported ($0.60) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.67) by $0.07. The insurance provider earned $221.74 million during the quarter, compared to analysts' expectations of $231.76 million. ProAssurance had a negative net margin of 9.04% and a negative return on equity of 5.71%. The business's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS.
View ProAssurance's earnings history.

ProAssurance announced a quarterly dividend on Wednesday, September 2nd. Investors of record on Thursday, September 24th will be given a dividend of $0.05 per share on Friday, October 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, September 23rd.
View ProAssurance's dividend history.

6 analysts have issued 12 month target prices for ProAssurance's shares. Their forecasts range from $14.00 to $36.00. On average, they anticipate ProAssurance's stock price to reach $25.25 in the next twelve months. This suggests a possible upside of 68.7% from the stock's current price.
View analysts' price targets for ProAssurance.

ProAssurance saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 703,800 shares, a drop of 11.5% from the August 31st total of 795,600 shares. Based on an average trading volume of 440,100 shares, the short-interest ratio is currently 1.6 days. Approximately 1.3% of the shares of the company are short sold.
View ProAssurance's Short Interest.

Some companies that are related to ProAssurance include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Axis Capital (AXS).
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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 LP Unit (ET), Ford Motor (F), General Electric (GE) and KeyCorp (KEY).

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

ProAssurance's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.92%), Diamond Hill Capital Management Inc. (4.27%), Bank of New York Mellon Corp (1.40%), Charles Schwab Investment Management Inc. (1.34%), Federated Hermes Inc. (0.94%) and Principal Financial Group Inc. (0.75%). Company insiders that own ProAssurance stock include Frank Anthony Spinosa and John J Mcmahon, Jr.
View institutional ownership trends for ProAssurance.

PRA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., Bank of America Corp DE, Sei Investments Co., Bank of New York Mellon Corp, Russell Investments Group Ltd., Nisa Investment Advisors LLC, and Prudential Financial Inc..
View insider buying and selling activity for ProAssurance.

PRA stock was acquired by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Federated Hermes Inc., Mesirow Financial Investment Management Equity Management, Assenagon Asset Management S.A., Smith Graham & Co. Investment Advisors LP, Cubist Systematic Strategies LLC, Nuveen Asset Management LLC, and Marshall Wace LLP.
View insider buying and selling activity for ProAssurance.

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

One share of PRA stock can currently be purchased for approximately $14.97.

ProAssurance has a market capitalization of $806.72 million and generates $999.83 million in revenue each year. The insurance provider earns $1 million in net income (profit) each year or ($0.81) on an earnings per share basis. ProAssurance employs 991 workers across the globe.

The official website for ProAssurance is www.proassurance.com.

ProAssurance's mailing address is 100 Brookwood Place, Birmingham AL, 35209. The insurance provider can be reached via phone at 205-877-4400 or via email at [email protected]