ProAssurance Corporation Company Profile (NYSE:PRA)

About ProAssurance Corporation (NYSE:PRA)

ProAssurance Corporation logoProAssurance 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?

ProAssurance Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for ProAssurance Corporation.

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?

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)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  100 (Vote Outperform)
Underperform Votes:  156 (Vote Underperform)
Total Votes:  256
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.

Analyst Ratings

Consensus Ratings for ProAssurance Corporation (NYSE:PRA) (How are Consensus Ratings Calculated?)
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)
Price Target History for ProAssurance Corporation (NYSE:PRA)
Analysts' Ratings History for ProAssurance Corporation (NYSE:PRA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/16/2017Keefe, Bruyette & WoodsReiterated RatingHold$60.00N/AView Rating Details
9/11/2017Buckingham ResearchInitiated CoverageNeutral -> Neutral$54.00MediumView Rating Details
8/8/2017Boenning ScattergoodReiterated RatingHoldHighView Rating Details
1/23/2017JMP SecuritiesBoost Price TargetMarket Perform$57.00 -> $60.00N/AView Rating Details
1/21/2016SunTrust Banks, Inc.UpgradeNeutral -> Buy$48.00 -> $55.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for ProAssurance Corporation (NYSE:PRA)
Earnings by Quarter for ProAssurance Corporation (NYSE:PRA)
Earnings History by Quarter for ProAssurance Corporation (NYSE PRA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.50N/AView Earnings Details
8/7/2017Q2 2017$0.39$0.40$207.14 million$205.58 millionViewListenView Earnings Details
5/4/2017Q1 2017$0.54$0.62$211.53 million$223.00 millionViewListenView Earnings Details
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$210.03 million$209.79 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 Corporation (NYSE:PRA)
2017 EPS Consensus Estimate: $2.10
2018 EPS Consensus Estimate: $2.08
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.51$0.58$0.54
Q2 20173$0.39$0.59$0.51
Q3 20173$0.31$0.53$0.42
Q4 20173$0.60$0.65$0.63
Q1 20182$0.46$0.54$0.50
Q2 20182$0.43$0.53$0.48
Q3 20182$0.44$0.52$0.48
Q4 20182$0.61$0.63$0.62
(Data provided by Zacks Investment Research)

Dividends

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 Payments by Quarter for ProAssurance Corporation (NYSE:PRA)

Dividend History by Quarter for ProAssurance Corporation (NYSE PRA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/6/2017quarterly$0.312.42%9/28/20179/29/201710/10/2017
5/31/2017quarterly$0.312.07%6/23/20176/27/20177/12/2017
3/2/2017quarterly$0.312.06%3/28/20173/30/20174/12/2017
3/1/2017quarterly$0.313/30/20174/2/2017
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 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)
Institutional Ownership by Quarter for ProAssurance Corporation (NYSE:PRA)
Insider Trades by Quarter for ProAssurance Corporation (NYSE:PRA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/18/2017Neil Frank B OInsiderBuy2,500$54.50$136,250.00View SEC Filing  
8/11/2017Neil Frank B OInsiderBuy2,500$54.75$136,875.00View SEC Filing  
8/9/2017Howard H FriedmanInsiderBuy2,000$55.00$110,000.00View SEC Filing  
7/7/2017Jeffrey Patton LisenbyInsiderSell6,171$61.57$379,948.47View SEC Filing  
7/5/2017Jeffrey Patton LisenbyInsiderSell4,829$61.60$297,466.40View SEC Filing  
6/28/2017Edward Lewis Rand JrInsiderSell13,845$60.41$836,376.45View SEC Filing  
6/26/2017Edward Lewis Rand JrInsiderSell3,155$60.11$189,647.05View SEC Filing  
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

Headline Trends for ProAssurance Corporation (NYSE:PRA)
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Chart

ProAssurance Corporation (PRA) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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