NYSE:PRA - ProAssurance Stock Price, News, & Analysis

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$35.25 -0.77 (-2.14 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$36.02
Today's Range$35.15 - $36.07
52-Week Range$34.95 - $49.47
Volume300,607 shs
Average Volume284,770 shs
Market Capitalization$1.89 billion
P/E Ratio23.82
Dividend Yield3.44%
Beta0.65
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 Syndicate segments. It offers 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 for employers, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance; and Syndicate 6131 that underwrites contingency and specialty property insurance. ProAssurance Corporation markets its products through independent agencies and brokers, as well as an internal sales force. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

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Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74267C10
Phone205-877-4400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$886.03 million
Cash Flow$1.8331 per share
Book Value$28.40 per share

Profitability

Net Income$47.06 million

Miscellaneous

Employees991
Market Cap$1.89 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

ProAssurance (NYSE:PRA) Frequently Asked Questions

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 declared a quarterly dividend on Thursday, March 7th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.31 per share on Monday, April 22nd. This represents a $1.24 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, March 28th. View ProAssurance's Dividend History.

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) announced its quarterly earnings data on Thursday, February, 21st. The insurance provider reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. The insurance provider earned $228.92 million during the quarter, compared to analysts' expectations of $230.73 million. ProAssurance had a net margin of 5.31% and a return on equity of 5.09%. View ProAssurance's Earnings History.

When is ProAssurance's next earnings date?

ProAssurance is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for ProAssurance.

What price target have analysts set for PRA?

5 brokers have issued 1 year price objectives for ProAssurance's stock. Their forecasts range from $44.00 to $52.00. On average, they anticipate ProAssurance's stock price to reach $48.25 in the next year. This suggests a possible upside of 36.9% from the stock's current price. View Analyst Price Targets for ProAssurance.

What is the consensus analysts' recommendation for ProAssurance?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ProAssurance.

What are Wall Street analysts saying about ProAssurance stock?

Here are some recent quotes from research analysts about ProAssurance stock:
  • 1. According to Zacks Investment Research, "ProAssurance has been performing well on the back of growth across its operating segments along with overall renewal pricing. Its core business, which includes professional liability insurance, services, and related products, has been witnessing a substantial improvement over the past few quarters. Moreover, the company significantly achieved inorganic growth via successful acquisitions and integration of companies. declining investment income has been affecting its revenues. Shares of the company have outperformed its industry in six months time. However, growing expenses persistently burden the company’s bottom line. Volatility in premium retention pertaining to the company’s physician business also impacted its margins adversely." (1/15/2019)
  • 2. Boenning Scattergood analysts commented, "We are lowering our earnings expectations for ProAssurance based on commentary that management provided on the 3Q18 earnings call." (11/15/2018)

Has ProAssurance been receiving favorable news coverage?

News coverage about PRA stock has trended positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. ProAssurance earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave news articles about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future.

Who are some of ProAssurance's key competitors?

What other stocks do shareholders of ProAssurance own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ProAssurance investors own include Micron Technology (MU), General Electric (GE), NVIDIA (NVDA), Gilead Sciences (GILD), Hilton Hotels (HLT), Alta Mesa Resources (AMR), Autodesk (ADSK), Walgreens Boots Alliance (WBA), Weight Watchers International (WTW) and Hyatt Hotels (H).

Who are ProAssurance's key executives?

ProAssurance's management team includes the folowing people:
  • Mr. William Stancil Starnes Esq., J.D., Chairman & CEO (Age 70)
  • Mr. Edward Lewis Rand Jr., CPA, Pres & COO (Age 52)
  • Mr. Jeffrey Patton Lisenby, Exec. VP, Gen. Counsel, Corp. Sec. & Head of the Corp. Legal Dept (Age 50)
  • Mr. Michael Leonard Boguski CPCU, Pres of Eastern Insurance (Age 56)
  • Mr. Howard Harley Friedman ACAS, Pres of Healthcare Professional Liability, Chief Underwriting Officer & Chief Actuary (Age 60)

Who are ProAssurance's major shareholders?

ProAssurance's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.86%), Dimensional Fund Advisors LP (3.90%), Victory Capital Management Inc. (3.47%), Royce & Associates LP (3.03%), American Century Companies Inc. (2.50%) and Diamond Hill Capital Management Inc. (1.93%). Company insiders that own ProAssurance stock include Edward Lewis Rand Jr, Howard H Friedman, Jeffrey Patton Lisenby, Magnus James Gorrie, Neil Frank B O and William Stancil Starnes. View Institutional Ownership Trends for ProAssurance.

Which major investors are selling ProAssurance stock?

PRA stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., BlackRock Inc., Diamond Hill Capital Management Inc., Millennium Management LLC, Dimensional Fund Advisors LP, Advisors Asset Management Inc., King Luther Capital Management Corp and Bank of Montreal Can. View Insider Buying and Selling for ProAssurance.

Which major investors are buying ProAssurance stock?

PRA stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Segall Bryant & Hamill LLC, Bank of America Corp DE, SG Americas Securities LLC, Geode Capital Management LLC, Geode Capital Management LLC, Boston Partners and Royce & Associates LP. Company insiders that have bought ProAssurance stock in the last two years include Howard H Friedman, Magnus James Gorrie and Neil Frank B O. View Insider Buying and Selling for ProAssurance.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is ProAssurance's stock price today?

One share of PRA stock can currently be purchased for approximately $35.25.

How big of a company is ProAssurance?

ProAssurance has a market capitalization of $1.89 billion and generates $886.03 million in revenue each year. The insurance provider earns $47.06 million in net income (profit) each year or $1.48 on an earnings per share basis. ProAssurance employs 991 workers across the globe.

What is ProAssurance's official website?

The official website for ProAssurance is http://www.proassurance.com.

How can I contact ProAssurance?

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]


MarketBeat Community Rating for ProAssurance (NYSE PRA)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  215 (Vote Outperform)
Underperform Votes:  249 (Vote Underperform)
Total Votes:  464
MarketBeat's community ratings are surveys of what our community members think about ProAssurance and other stocks. Vote "Outperform" if you believe PRA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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