ProAssurance 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
- 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
- Net Margins: 18.29%
- Return on Equity: 7.13%
- Return on Assets: 2.89%
Companies Related to ProAssurance:
- Debt-to-Equity Ratio: 0.17%
- Current Ratio: 0.52%
- Quick Ratio: 0.52%
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.