NYSE:PRA

ProAssurance (PRA) Stock Forecast, Price & News

$18.89

+0.04 (+0.21%)

(As of 09/29/2023 ET)

Compare

Today's Range: $18.56
▼
$18.97
50-Day Range: $16.38
▼
$19.00
52-Week Range: $11.87
▼
$22.82

Volume: 324,245 shs
Average Volume: 318,932 shs
Market Capitalization: $983.41 million

P/E Ratio: 104.95
Dividend Yield: N/A
Price Target: $19.50

ProAssurance MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 3.2% Upside
$19.50 Price Target
Short Interest: Healthy
1.38% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.19
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 144.12%
From $0.34 to $0.83 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Finance Sector

566th out of 874 stocks

Fire, Marine, & Casualty Insurance Industry

28th out of 48 stocks

1.3

Analyst's Opinion

Consensus Rating
ProAssurance has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.50, ProAssurance has a forecasted upside of 3.2% from its current price of $18.89.
Amount of Analyst Coverage
ProAssurance has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.38% of the float of ProAssurance has been sold short.
Short Interest Ratio / Days to Cover
ProAssurance has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ProAssurance has recently decreased by 7.25%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
ProAssurance does not currently pay a dividend.
Dividend Growth
ProAssurance has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on EPS estimates, ProAssurance will have a dividend payout ratio of 233.73% in the coming year. This indicates that ProAssurance may not be able to sustain their current dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ProAssurance has received a 21.55% net impact score from Upright. Proassurance seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Worker's compensation insurance", "Product liability insurance services", and "Professional indemnity insurance services" products. See details.
Environmental Sustainability
The Environmental Impact score for ProAssurance is -0.19.

2.8

News and Social Media Coverage

News Sentiment
ProAssurance has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for ProAssurance this week, compared to 2 articles on an average week.
MarketBeat Follows
1 people have added ProAssurance to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ProAssurance insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.97% of the stock of ProAssurance is held by insiders.
Percentage Held by Institutions
85.14% of the stock of ProAssurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for ProAssurance are expected to grow by 144.12% in the coming year, from $0.34 to $0.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ProAssurance is 104.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of ProAssurance is 104.95, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 65.48.
Price to Book Value per Share Ratio
ProAssurance has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ProAssurance (NYSE:PRA) Stock

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicates segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

PRA Price History

30 days | 90 days | 365 days | Advanced Chart

PRA Stock News Headlines

September 19, 2023 | finance.yahoo.com

Should You Buy ProAssurance (PRA) After Golden Cross?

September 18, 2023 | finance.yahoo.com

Progressive's (PGR) August Earnings and Revenues Rise Y/Y

October 1, 2023 | Chaikin Analytics (Ad)

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September 13, 2023 | finance.yahoo.com

ProAssurance Corporation's (NYSE:PRA) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

September 12, 2023 | markets.businessinsider.com

Update on Capital Planning*

September 11, 2023 | msn.com

Planned rule changes for SME lending a ‘dramatic backward step’, challenger banks warn

September 7, 2023 | finance.yahoo.com

ProAssurance (PRA) Down 4.2% Since Last Earnings Report: Can It Rebound?

August 31, 2023 | msn.com

Proassurance (PRA) Price Target Increased by 13.89% to 20.91

October 1, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

August 23, 2023 | finance.yahoo.com

Why Investors Are Snapping Up ProAssurance (PRA) Stock Now

August 17, 2023 | bizjournals.com

ProAssurance turns earnings around in second quarter

August 16, 2023 | finance.yahoo.com

ProAssurance Announces Retirement of PICA Group President, Dr. Ross E. Taubman

August 13, 2023 | markets.businessinsider.com

Truist Financial Sticks to Their Hold Rating for ProAssurance (PRA)

August 11, 2023 | seekingalpha.com

ProAssurance Non-GAAP EPS of $0.16 beats by $0.04, revenue of $291.83M beats by $19.91M

August 11, 2023 | finance.yahoo.com

ProAssurance Corporation (NYSE:PRA) Q2 2023 Earnings Call Transcript

August 9, 2023 | finance.yahoo.com

Q2 2023 ProAssurance Corp Earnings Call

August 9, 2023 | finance.yahoo.com

ProAssurance (PRA) Q2 Earnings Beat on Strong Investment Income

August 9, 2023 | markets.businessinsider.com

ProAssurance (PRA) Receives a Buy from JMP Securities

August 9, 2023 | finance.yahoo.com

ProAssurance (PRA) Reports Q2 Earnings: What Key Metrics Have to Say

August 8, 2023 | finance.yahoo.com

ProAssurance (PRA) Q2 Earnings and Revenues Top Estimates

August 8, 2023 | markets.businessinsider.com

ProAssurance Corp. Q2 Earnings Summary

August 8, 2023 | finance.yahoo.com

ProAssurance Reports Results for Second Quarter 2023

August 8, 2023 | finance.yahoo.com

ProAssurance (PRA) to Post Q2 Earnings: What's in the Cards?

August 3, 2023 | msn.com

Proassurance (PRA) Price Target Decreased by 5.26% to 18.36

August 1, 2023 | finance.yahoo.com

Here’s Why ProAssurance Corporation (PRA) Declined in Q2

July 24, 2023 | finance.yahoo.com

RLI Corp. (RLI) Q2 Earnings and Revenues Lag Estimates

July 7, 2023 | finance.yahoo.com

ProAssurance Second Quarter 2023 Results Release and Teleconference

See More Headlines

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PRA Company Calendar

Last Earnings: 8/08/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NYSE:PRA
CUSIP: 74267C10
CIK: 1127703
Web: www.proassurance.com
Phone: (205) 877-4400
Fax: 205-868-4073
Employees: 1,083
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $19.50
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +3.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.18
Trailing P/E Ratio: 104.95
Forward P/E Ratio: 55.56
P/E Growth: N/A
Net Income: $-400,000.00
Net Margins: 0.82%
Pretax Margin: 0.72%
Return on Equity: 0.09%
Return on Assets: 0.02%

Debt

Debt-to-Equity Ratio: 0.38
Current Ratio: 0.29
Quick Ratio: 0.29

Sales & Book Value

Annual Sales: $1.11 billion
Price / Sales: 0.89
Cash Flow: $1.16 per share
Price / Cash Flow: 16.26
Book Value: $20.46 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 52,060,000
Free Float: 51,560,000
Market Cap: $983.41 million
Optionable: Optionable
Beta: 0.42

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Key Executives

Mr. Edward Lewis Rand Jr. (Age 56)
CPA, Pres, CEO & Director
Comp: $2.37M

Ms. Dana Shannon Hendricks CPA (Age 55)
CPA, Exec. VP, Treasurer & CFO
Comp: $950.48k

Mr. Jeffrey Patton Lisenby Esq. (Age 54)
EVP, Gen. Counsel & Sec.
Comp: $1.01M

Mr. Michael Leonard Boguski CPCU (Age 60)
Exec. Officer
Comp: $1.46M

Mr. Kevin Merrick Shook CPA (Age 54)
Pres of Workers Compensation Insurance - Eastern Alliance Insurance Group
Comp: $948.86k

Mr. Lawrence K. Cochran
Chief Investment Officer, Head of Treasury & VP

Michael A. Stoeckert
CTO & VP

Mr. Frank B. O'Neil IRC (Age 70)
Sr. VP of Corp. Communications & Investor Relations

Ms. Kathryn Anne Neville Esq.
Chief Compliance Officer & VP

Ms. Noreen L. Dishart CCP (Age 59)
SPHR, Chief HR Officer & Exec. VP

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PRA Stock - Frequently Asked Questions

Should I buy or sell ProAssurance stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRA shares.
View PRA analyst ratings or view top-rated stocks.
What is ProAssurance's stock price forecast for 2023?: 2 equities research analysts have issued 1-year price targets for ProAssurance's shares. Their PRA share price forecasts range from $16.00 to $25.00. On average, they anticipate the company's stock price to reach $19.50 in the next year. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for PRA or view top-rated stocks among Wall Street analysts.
How have PRA shares performed in 2023?: ProAssurance's stock was trading at $17.47 on January 1st, 2023. Since then, PRA shares have increased by 8.1% and is now trading at $18.89.
View the best growth stocks for 2023 here.
Are investors shorting ProAssurance?: ProAssurance saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 764,000 shares, an increase of 24.1% from the August 15th total of 615,700 shares. Based on an average daily trading volume, of 303,400 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.5% of the shares of the company are short sold.
View ProAssurance's Short Interest.
When is ProAssurance's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our PRA earnings forecast.
How were ProAssurance's earnings last quarter?: ProAssurance Co. (NYSE:PRA) announced its quarterly earnings data on Tuesday, August, 8th. The insurance provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The insurance provider earned $291.83 million during the quarter, compared to the consensus estimate of $237.33 million. ProAssurance had a net margin of 0.82% and a trailing twelve-month return on equity of 0.09%. The business's quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share.
How often does ProAssurance pay dividends? What is the dividend yield for ProAssurance?: ProAssurance announced a quarterly dividend on Wednesday, March 8th. Shareholders of record on Wednesday, March 29th will be paid a dividend of $0.05 per share on Thursday, April 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 28th.
Read our dividend analysis for PRA.
What ETFs hold ProAssurance's stock?: ETFs with the largest weight of ProAssurance (NYSE:PRA) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP).iShares U.S. Insurance ETF (IAK).

What is Edward (Ned) Rand's approval rating as ProAssurance's CEO?: 13 employees have rated ProAssurance Chief Executive Officer Edward (Ned) Rand on Glassdoor.com. Edward (Ned) Rand has an approval rating of 49% among the company's employees. This puts Edward (Ned) Rand in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of ProAssurance own?: 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 (ET), Ford Motor (F), General Electric (GE) and KeyCorp (KEY).
What is ProAssurance's stock symbol?: ProAssurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRA."
How do I buy shares of ProAssurance?: Shares of PRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ProAssurance's stock price today?: One share of PRA stock can currently be purchased for approximately $18.89.
How much money does ProAssurance make?: ProAssurance (NYSE:PRA) has a market capitalization of $983.41 million and generates $1.11 billion in revenue each year. The insurance provider earns $-400,000.00 in net income (profit) each year or $0.18 on an earnings per share basis.
How many employees does ProAssurance have?: The company employs 1,083 workers across the globe.
How can I contact ProAssurance?: ProAssurance's mailing address is 100 Brookwood Place, Birmingham AL, 35209. The official website for the company is www.proassurance.com. The insurance provider can be reached via phone at (205) 877-4400, via email at kenmcewen@proassurance.com, or via fax at 205-868-4073.

This page (NYSE:PRA) was last updated on 10/1/2023 by MarketBeat.com Staff

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ProAssurance (PRA) Stock Forecast, Price & News

ProAssurance MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ProAssurance (NYSE:PRA) Stock

PRA Price History

PRA Stock News Headlines

PRA Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

PRA Stock - Frequently Asked Questions

Overall MarketRank^™