ProAssurance (PRA) Stock Forecast, Price & News

2 Wall Street research 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 research analysts is that investors should "moderate buy" PRA shares.
View PRA analyst ratings or view top-rated stocks.

2 brokers have issued 1-year target prices for ProAssurance's shares. Their PRA share price forecasts range from $16.00 to $25.00. On average, they expect the company's share price to reach $19.50 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for PRA or view top-rated stocks among Wall Street analysts.

ProAssurance's stock was trading at $17.47 at the beginning of 2023. Since then, PRA stock has increased by 7.5% and is now trading at $18.78.
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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 volume of 303,400 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the shares of the stock are sold short.
View ProAssurance's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our PRA earnings forecast.

ProAssurance Co. (NYSE:PRA) released 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 had revenue of $291.83 million for 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 firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share.

ProAssurance announced a quarterly dividend on Wednesday, March 8th. Shareholders of record on Wednesday, March 29th will be given a dividend of $0.05 per share on Thursday, April 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 28th.
Read our dividend analysis for PRA.

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).

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.

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).

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

ProAssurance's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.04%), Dimensional Fund Advisors LP (4.37%), State Street Corp (3.83%), TimesSquare Capital Management LLC (2.97%), Allspring Global Investments Holdings LLC (2.69%) and Allspring Global Investments Holdings LLC (2.69%).
View institutional ownership trends.

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.
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One share of PRA stock can currently be purchased for approximately $18.78.

ProAssurance (NYSE:PRA) has a market capitalization of $977.69 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.

The company employs 1,083 workers across the globe.

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.