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NYSE:PRA

ProAssurance Stock Forecast, Price & News

$14.97
+0.46 (+3.17 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$14.34
Now: $14.97
$15.09
50-Day Range
$13.80
MA: $14.94
$16.22
52-Week Range
$12.67
Now: $14.97
$42.03
Volume616,526 shs
Average Volume424,362 shs
Market Capitalization$806.72 million
P/E RatioN/A
Dividend Yield1.38%
Beta0.28
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.9Community Rank: 2.3Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.66 out of 5 stars


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$999.83 million
Book Value$28.11 per share

Profitability

Net Income$1 million

Miscellaneous

Employees991
Market Cap$806.72 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$14.97
+0.46 (+3.17 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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ProAssurance (NYSE:PRA) Frequently Asked Questions

How has ProAssurance's stock been impacted by Coronavirus?

ProAssurance's stock was trading at $21.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PRA shares have decreased by 29.9% and is now trading at $14.97.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of ProAssurance?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for ProAssurance
.

When is ProAssurance's next earnings date?

ProAssurance is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for ProAssurance
.

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) announced its earnings results on Monday, August, 10th. The insurance provider reported ($0.60) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.67) by $0.07. The insurance provider earned $221.74 million during the quarter, compared to analysts' expectations of $231.76 million. ProAssurance had a negative net margin of 9.04% and a negative return on equity of 5.71%. The business's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS.
View ProAssurance's earnings history
.

How often does ProAssurance pay dividends? What is the dividend yield for ProAssurance?

ProAssurance announced a quarterly dividend on Wednesday, September 2nd. Investors of record on Thursday, September 24th will be given a dividend of $0.05 per share on Friday, October 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, September 23rd.
View ProAssurance's dividend history
.

What price target have analysts set for PRA?

6 analysts have issued 12 month target prices for ProAssurance's shares. Their forecasts range from $14.00 to $36.00. On average, they anticipate ProAssurance's stock price to reach $25.25 in the next twelve months. This suggests a possible upside of 68.7% from the stock's current price.
View analysts' price targets for ProAssurance
.

Are investors shorting ProAssurance?

ProAssurance saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 703,800 shares, a drop of 11.5% from the August 31st total of 795,600 shares. Based on an average trading volume of 440,100 shares, the short-interest ratio is currently 1.6 days. Approximately 1.3% of the shares of the company are short sold.
View ProAssurance's Short Interest
.

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 AT&T (T), AbbVie (ABBV), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA), Uniti Group (UNIT), Consolidated Edison (ED), Energy Transfer LP Unit (ET), Ford Motor (F), General Electric (GE) and KeyCorp (KEY).

Who are ProAssurance's key executives?

ProAssurance's management team includes the following 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)

What is ProAssurance's stock symbol?

ProAssurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRA."

Who are ProAssurance's major shareholders?

ProAssurance's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.92%), Diamond Hill Capital Management Inc. (4.27%), Bank of New York Mellon Corp (1.40%), Charles Schwab Investment Management Inc. (1.34%), Federated Hermes Inc. (0.94%) and Principal Financial Group Inc. (0.75%). Company insiders that own ProAssurance stock include Frank Anthony Spinosa and John J Mcmahon, Jr.
View institutional ownership trends for ProAssurance
.

Which institutional investors are selling ProAssurance stock?

PRA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., Bank of America Corp DE, Sei Investments Co., Bank of New York Mellon Corp, Russell Investments Group Ltd., Nisa Investment Advisors LLC, and Prudential Financial Inc..
View insider buying and selling activity for ProAssurance
.

Which institutional investors are buying ProAssurance stock?

PRA stock was acquired by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Federated Hermes Inc., Mesirow Financial Investment Management Equity Management, Assenagon Asset Management S.A., Smith Graham & Co. Investment Advisors LP, Cubist Systematic Strategies LLC, Nuveen Asset Management LLC, and Marshall Wace LLP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is ProAssurance's stock price today?

One share of PRA stock can currently be purchased for approximately $14.97.

How big of a company is ProAssurance?

ProAssurance has a market capitalization of $806.72 million and generates $999.83 million in revenue each year. The insurance provider earns $1 million in net income (profit) each year or ($0.81) 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 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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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