About ProAssurance Corporation (NYSE:PRA)
ProAssurance Corporation (ProAssurance) 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. The Company operates through four segments. The Specialty property and casualty segment includes the Company's professional liability business, and medical technology and life sciences business. The Workers' compensation segment includes its workers' compensation business. Lloyd's Syndicate 1729 (Syndicate 1729) segment includes business of Syndicate 1729, which underwrites risks over a range of property and casualty insurance and reinsurance lines. The Corporate segment includes the Company's investment operations managed at the corporate level and non-premium revenues generated outside of its insurance entities.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Property & Casualty Insurance
- Sub-Industry: Property & Casualty Insurance
- Symbol: NYSE:PRA
- CUSIP: 74267C10
- Web: www.proassurance.com
Capitalization:- Market Cap: $3.02585 billion
- Outstanding Shares: 53,413,000
Average Prices:- 50 Day Moving Avg: $54.52
- 200 Day Moving Avg: $57.99
- 52 Week Range: $50.50 - $63.53
P/E:- Trailing P/E Ratio: 20.24
- Foreward P/E Ratio: 27.37
- P/E Growth: 1.02
Sales & Book Value:- Annual Revenue: $890.6 million
- Price / Sales: 3.40
- Book Value: $34.41 per share
- Price / Book: 1.65
Dividend:- Annual Dividend: $1.24
- Dividend Yield: 2.2%
Profitability:- EBITDA: $212.38 million
- Net Margins: 16.80%
- Return on Equity: 6.59%
- Return on Assets: 2.50%
Debt:- Debt-to-Equity Ratio: 0.23%
- Current Ratio: 0.37%
- Quick Ratio: 0.37%
Misc:- Average Volume: 151,989 shs.
- Beta: 0.54
- Short Ratio: 1.97
Frequently Asked Questions for ProAssurance Corporation (NYSE:PRA)
What is ProAssurance Corporation's stock symbol?
ProAssurance Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRA."
How often does ProAssurance Corporation pay dividends? What is the dividend yield for ProAssurance Corporation?
ProAssurance Corporation announced a quarterly dividend on Wednesday, September 6th. Investors of record on Friday, September 29th will be given a dividend of $0.31 per share on Tuesday, October 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, September 28th. View ProAssurance Corporation's Dividend History.
How were ProAssurance Corporation's earnings last quarter?
ProAssurance Corporation (NYSE:PRA) announced its earnings results on Monday, August, 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.39 by $0.01. The firm had revenue of $205.58 million for the quarter, compared to analyst estimates of $207.14 million. ProAssurance Corporation had a return on equity of 6.59% and a net margin of 16.80%. ProAssurance Corporation's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. View ProAssurance Corporation's Earnings History.
When will ProAssurance Corporation make its next earnings announcement?
What guidance has ProAssurance Corporation issued on next quarter's earnings?
ProAssurance Corporation updated its second quarter earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $0.38-0.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54.
Where is ProAssurance Corporation's stock going? Where will ProAssurance Corporation's stock price be in 2017?
4 equities research analysts have issued 1-year target prices for ProAssurance Corporation's shares. Their predictions range from $54.00 to $60.00. On average, they expect ProAssurance Corporation's share price to reach $58.00 in the next twelve months. View Analyst Ratings for ProAssurance Corporation.
Who are some of ProAssurance Corporation's key competitors?
Some companies that are related to ProAssurance Corporation include First American Corporation (The) (FAF), Direct Line Insurance Group PLC (DLG), Old Republic International Corporation (ORI), Assured Guaranty (AGO), Essent Group (ESNT), Radian Group (RDN), The Hanover Insurance Group (THG), Hiscox Ltd (HSX), White Mountains Insurance Group Ltd (WTM), Selective Insurance Group (SIGI), RLI Corp. (RLI), Saga PLC (SAGA), Argo Group International Holdings (AGII), The Navigators Group (NAVG), OneBeacon Insurance Group (OB), Horace Mann Educators Corporation (HMN), Employers Holdings (EIG) and Lancashire Holdings Limited (LRE).
Who are ProAssurance Corporation's key executives?
ProAssurance Corporation's management team includes the folowing people:
- William Stancil Starnes Esq., Chairman of the Board, President, Chief Executive Officer
- Edward L. Rand Jr. CPA., Chief Financial Officer, Executive Vice President
- Michael Leonard Boguski, President of Eastern Insurance
- Mary Todd Peterson, President of Medmarc Casualty Insurance Company
- Ross E. Taubman, President, Chief Medical Officer of PICA
- Jeffrey P. Lisenby, Executive Vice President, General Counsel
- Frank B. O'Neil, Senior Vice President, Chief Communications Officer
- Kelly B. Brewer, Chief Accounting Officer, Vice President - Finance
- Howard H. Friedman, President, Healthcare Professional Liability Group
- Robert E. Flowers M.D., Lead Independent Director
Who owns ProAssurance Corporation stock?
ProAssurance Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (0.64%). Company insiders that own ProAssurance Corporation stock include Edward Lewis Rand Jr, Howard H Friedman, Jeffrey Patton Lisenby and Neil Frank B O. View Institutional Ownership Trends for ProAssurance Corporation.
Who sold ProAssurance Corporation stock? Who is selling ProAssurance Corporation stock?
ProAssurance Corporation's stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc.. Company insiders that have sold ProAssurance Corporation stock in the last year include Edward Lewis Rand Jr and Jeffrey Patton Lisenby. View Insider Buying and Selling for ProAssurance Corporation.
How do I buy ProAssurance Corporation stock?
Shares of ProAssurance Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is ProAssurance Corporation's stock price today?
One share of ProAssurance Corporation stock can currently be purchased for approximately $56.65.
MarketBeat Community Rating for ProAssurance Corporation (NYSE PRA)MarketBeat's community ratings are surveys of what our community members think about ProAssurance Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for ProAssurance Corporation (NYSE:PRA) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Hold Ratings |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $58.00 (2.38% upside) |
Consensus Price Target History for ProAssurance Corporation (NYSE:PRA)
Analysts' Ratings History for ProAssurance Corporation (NYSE:PRA)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/16/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Hold | $60.00 | N/A |  |
| 9/11/2017 | Buckingham Research | Initiated Coverage | Neutral -> Neutral | $54.00 | Medium | |
| 8/8/2017 | Boenning Scattergood | Reiterated Rating | Hold | | High | |
| 1/23/2017 | JMP Securities | Boost Price Target | Market Perform | $57.00 -> $60.00 | N/A | |
| 1/21/2016 | SunTrust Banks, Inc. | Upgrade | Neutral -> Buy | $48.00 -> $55.00 | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for ProAssurance Corporation (NYSE:PRA)Earnings History by Quarter for ProAssurance Corporation (NYSE PRA)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/6/2017 | | $0.50 | | | | | N/A | |
| 8/7/2017 | Q2 2017 | $0.39 | $0.40 | $207.14 million | $205.58 million | View | Listen | |
| 5/4/2017 | Q1 2017 | $0.54 | $0.62 | $211.53 million | $223.00 million | View | Listen | |
| 2/22/2017 | Q4 2016 | $0.64 | $0.83 | $175.19 million | $237.67 million | View | N/A | |
| 8/3/2016 | Q216 | $0.57 | $0.67 | $202.70 million | $214.80 million | View | N/A | |
| 5/9/2016 | Q116 | $0.60 | $0.46 | $224.14 million | $193.40 million | View | N/A | |
| 2/23/2016 | Q415 | $0.76 | $0.73 | $164.97 million | $185.90 million | View | Listen | |
| 11/4/2015 | Q3 | $0.64 | $0.63 | $227.75 million | $174.90 million | View | N/A | |
| 8/6/2015 | Q215 | $0.64 | $0.64 | $190.80 million | $203.40 million | View | Listen | |
| 5/7/2015 | Q1 | $0.67 | $0.61 | $212.52 million | $207.80 million | View | Listen | |
| 2/24/2015 | Q414 | $0.63 | $1.04 | $210.03 million | $209.79 million | View | Listen | |
| 11/5/2014 | Q314 | $0.74 | $0.68 | $211.90 million | $203.80 million | View | Listen | |
| 8/5/2014 | Q214 | $0.69 | $0.69 | $177.24 million | $222.50 million | View | Listen | |
| 5/6/2014 | Q114 | $0.70 | $0.73 | $199.69 million | $208.05 million | View | Listen | |
| 2/20/2014 | Q413 | $1.08 | $1.14 | $174.40 million | | View | Listen | |
| 11/7/2013 | Q313 | $0.81 | $0.88 | $168.51 million | | View | Listen | |
| 8/5/2013 | Q2 2013 | $0.87 | $0.72 | $166.53 million | $170.80 million | View | Listen | |
| 5/6/2013 | Q1 2013 | $0.73 | $0.97 | $176.89 million | $194.97 million | View | Listen | |
| 2/19/2013 | Q4 2012 | $1.35 | $1.56 | $175.49 million | $195.42 million | View | Listen | |
| 11/6/2012 | Q312 | $1.58 | $1.71 | $169.29 million | $156.50 million | View | N/A | |
| 8/6/2012 | | $1.48 | $1.92 | | | View | N/A | |
| 5/7/2012 | | $1.36 | $1.56 | | | View | N/A | |
| 2/22/2012 | | $1.58 | $4.27 | | | View | N/A | |
| 11/2/2011 | | $1.24 | $1.57 | | | View | N/A | |
| 8/3/2011 | | $1.25 | $1.74 | | | View | N/A | |
| 5/5/2011 | | $1.16 | $1.46 | | | View | N/A | |
| 2/23/2011 | | $1.35 | $3.08 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for ProAssurance Corporation (NYSE:PRA)2017 EPS Consensus Estimate: $2.10
2018 EPS Consensus Estimate: $2.08
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.51 | $0.58 | $0.54 |
| Q2 2017 | 3 | $0.39 | $0.59 | $0.51 |
| Q3 2017 | 3 | $0.31 | $0.53 | $0.42 |
| Q4 2017 | 3 | $0.60 | $0.65 | $0.63 |
| Q1 2018 | 2 | $0.46 | $0.54 | $0.50 |
| Q2 2018 | 2 | $0.43 | $0.53 | $0.48 |
| Q3 2018 | 2 | $0.44 | $0.52 | $0.48 |
| Q4 2018 | 2 | $0.61 | $0.63 | $0.62 |
(Data provided by Zacks Investment Research)
Current Dividend Information for ProAssurance Corporation (NYSE:PRA)| Most Recent Dividend: | 10/10/2017 |
| Annual Dividend: | $1.24 |
| Dividend Yield: | 2.19% |
| Dividend Growth: | 18.20% (3 Year Average) |
| Payout Ratio: | 44.60% (Trailing 12 Months of Earnings)
62.00% (Based on This Year's Estimates)
59.90% (Based on Next Year's Estimates)
|
Dividend History by Quarter for ProAssurance Corporation (NYSE PRA)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/6/2017 | quarterly | $0.31 | 2.42% | 9/28/2017 | 9/29/2017 | 10/10/2017 |
| 5/31/2017 | quarterly | $0.31 | 2.07% | 6/23/2017 | 6/27/2017 | 7/12/2017 |
| 3/2/2017 | quarterly | $0.31 | 2.06% | 3/28/2017 | 3/30/2017 | 4/12/2017 |
| 3/1/2017 | quarterly | $0.31 | | | 3/30/2017 | 4/2/2017 |
| 11/30/2016 | quarterly | $0.31 | 2.17% | 12/21/2016 | 12/23/2016 | 1/9/2017 |
| 9/7/2016 | quarterly | $0.31 | 2.29% | 9/26/2016 | 9/28/2016 | 10/7/2016 |
| 5/25/2016 | quarterly | $0.31 | 2.4% | 6/22/2016 | 6/24/2016 | 7/8/2016 |
| 3/2/2016 | quarterly | $0.31 | 2.49% | 3/28/2016 | 3/30/2016 | 4/12/2016 |
| 12/2/2015 | special | $1.00 | 2.38% | 12/22/2015 | 12/24/2015 | 1/8/2016 |
| 9/2/2015 | quarterly | $0.31 | 2.56% | 9/22/2015 | 9/24/2015 | 10/7/2015 |
| 5/27/2015 | quarterly | $0.31 | 2.75% | 6/23/2015 | 6/25/2015 | 7/9/2015 |
| 3/3/2015 | quarterly | $0.31 | 2.76% | 3/24/2015 | 3/26/2015 | 4/8/2015 |
| 12/3/2014 | special | $2.65 | 2.65% | 12/26/2014 | 12/30/2014 | 1/9/2015 |
| 9/3/2014 | quarterly | $0.30 | 2.61% | 9/24/2014 | 9/26/2014 | 10/9/2014 |
| 5/28/2014 | quarterly | $0.30 | 2.65% | 6/25/2014 | 6/27/2014 | 7/11/2014 |
| 3/5/2014 | quarterly | $0.30 | 2.66% | 3/26/2014 | 3/28/2014 | 4/10/2014 |
| 12/4/2013 | quarterly | $0.30 | 2.49% | 12/24/2013 | 12/27/2013 | 1/9/2014 |
| 9/11/2013 | quarterly | $0.25 | 2.14% | 9/25/2013 | 9/27/2013 | 11/10/2013 |
| 5/22/2013 | quarterly | $0.25 | 2% | 6/25/2013 | 6/27/2013 | 7/12/2013 |
| 3/6/2013 | quarterly | $0.25 | 2.14% | 3/26/2013 | 3/29/2013 | 4/11/2013 |
| 12/9/2012 | special | $1.25 | | 12/13/2012 | 12/17/2012 | 12/27/2012 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for ProAssurance Corporation (NYSE:PRA)Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 79.76%
Insider Trades by Quarter for ProAssurance Corporation (NYSE:PRA)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/18/2017 | Neil Frank B O | Insider | Buy | 2,500 | $54.50 | $136,250.00 | |
| 8/11/2017 | Neil Frank B O | Insider | Buy | 2,500 | $54.75 | $136,875.00 | |
| 8/9/2017 | Howard H Friedman | Insider | Buy | 2,000 | $55.00 | $110,000.00 | |
| 7/7/2017 | Jeffrey Patton Lisenby | Insider | Sell | 6,171 | $61.57 | $379,948.47 | |
| 7/5/2017 | Jeffrey Patton Lisenby | Insider | Sell | 4,829 | $61.60 | $297,466.40 | |
| 6/28/2017 | Edward Lewis Rand Jr | Insider | Sell | 13,845 | $60.41 | $836,376.45 | |
| 6/26/2017 | Edward Lewis Rand Jr | Insider | Sell | 3,155 | $60.11 | $189,647.05 | |
| 9/8/2015 | Ziad Haydar | Director | Buy | 3,065 | $48.75 | $149,418.75 | |
| 8/25/2014 | Piazza Samuel A Jr. Di | Director | Buy | 5,000 | $45.84 | $229,200.00 | |
| 8/7/2014 | Anthony R Tersigni | Director | Buy | 2,000 | $43.65 | $87,300.00 | |
| 5/29/2013 | Thomas A.S. Wilson Jr | Director | Buy | 1,000 | $49.87 | $49,870.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for ProAssurance Corporation (NYSE:PRA)
Latest Headlines for ProAssurance Corporation (NYSE:PRA)
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ProAssurance Corporation (PRA) Chart for Monday, October, 23, 2017
