ProAssurance Corporation Company Profile (NYSE:PRA)

About ProAssurance Corporation

ProAssurance Corporation logoProAssurance Corporation 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. It operates in four segments: Specialty property and casualty, which includes its professional liability business, and medical technology and life sciences business; Workers' compensation, which includes its workers' compensation business, which it provides for employers, groups and associations; Lloyd's syndicate, which includes operating results from its participation in Lloyd's Syndicate 1729, and Corporate. In addition, the Company is also a provider for Lloyd's of London Syndicate 1729, which writes a range of property and casualty insurance, and reinsurance lines.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Exchange: NYSE
  • Symbol: PRA
  • CUSIP: 74267C10
Key Metrics:
  • Previous Close: $56.55
  • 50 Day Moving Average: $55.46
  • 200 Day Moving Average: $54.85
  • 52-Week Range: $47.19 - $63.53
  • Trailing P/E Ratio: 23.03
  • Foreward P/E Ratio: 24.48
  • P/E Growth: 0.95
  • Market Cap: $3.01B
  • Outstanding Shares: 53,246,000
  • Beta: 0.46
Profitability:
  • Net Margins: 18.29%
  • Return on Equity: 7.13%
  • Return on Assets: 2.89%
Debt:
  • Debt-to-Equity Ratio: 0.17%
  • Current Ratio: 0.52%
  • Quick Ratio: 0.52%
Additional Links:
Companies Related to ProAssurance Corporation:

Analyst Ratings

Consensus Ratings for ProAssurance Corporation (NYSE:PRA) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $60.00 (6.10% upside)

Analysts' Ratings History for ProAssurance Corporation (NYSE:PRA)
Show:
DateFirmActionRatingPrice TargetDetails
1/23/2017JMP SecuritiesBoost Price TargetMarket Perform$57.00 -> $60.00View Rating Details
1/21/2016SunTrust Banks, Inc.UpgradeNeutral -> Buy$48.00 -> $55.00View Rating Details
5/11/2015Janney Montgomery ScottDowngradeBuy -> Neutral$52.00View Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History for ProAssurance Corporation (NYSE:PRA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/22/2017$0.64N/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$457.36 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)
Current Year EPS Consensus Estimate: $2.23 EPS
Next Year EPS Consensus Estimate: $2.31 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.46$0.62$0.54
Q2 20163$0.55$0.59$0.57
Q3 20162$0.45$0.58$0.52
Q4 20162$0.62$0.76$0.69
Q1 20172$0.53$0.59$0.56
Q2 20172$0.55$0.61$0.58
Q3 20172$0.53$0.63$0.58
Q4 20172$0.65$0.67$0.66
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for ProAssurance Corporation (NYSE:PRA)
Annual Dividend:$1.24
Dividend Yield:2.19%
Dividend Growth:18.20% (3 Year Average)
Payout Ratio:50.61% (Based on Trailing 12 Months of Earnings)
55.61% (Based on Current Year Consensus EPS Estimate)
53.68% (Based on Next Year Consensus EPS Estimate)

Dividend History for ProAssurance Corporation (NYSE:PRA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for ProAssurance Corporation (NYSE:PRA)
Insider Ownership Percentage: 2.00%
Institutional Ownership Percentage: 79.43%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for ProAssurance Corporation (NYSE:PRA)
DateHeadline
capitalcube.com logoProAssurance Corp. : PRA-US: Dividend Analysis : December 23rd, 2016 (record date) : By the numbers : February 7, 2017 (NYSE:PRA)
www.capitalcube.com - February 7 at 9:52 PM
finance.yahoo.com logoProAssurance Corporation Announces Dates for Fourth Quarter 2017 Earnings Release and Conference Call (NYSE:PRA)
finance.yahoo.com - January 23 at 9:20 AM
4-traders.com logoProAssurance Corporation : Moves Higher on Volume Spike for January 11 (NYSE:PRA)
www.4-traders.com - January 14 at 4:42 AM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bearish Manner : PRA-US : January 6, 2017 (NYSE:PRA)
www.capitalcube.com - January 6 at 8:03 PM
4-traders.com logoPROASSURANCE CORPORATION : ex-dividend day (NYSE:PRA)
www.4-traders.com - December 20 at 6:56 PM
capitalcube.com logoETFs with exposure to ProAssurance Corp. : December 13, 2016 (NYSE:PRA)
www.capitalcube.com - December 13 at 7:41 PM
insidermonkey.com logoIs ProAssurance Corporation (PRA) a Good Stock To Buy? (NYSE:PRA)
www.insidermonkey.com - December 8 at 7:47 PM
marketexclusive.com logoProAssurance Corporation (NYSE:PRA) Files An 8-K Regulation FD Disclosure (NYSE:PRA)
marketexclusive.com - December 1 at 12:31 AM
us.rd.yahoo.com logoProAssurance Announces Special and Regular Dividends Totaling $5.00 per Share (NYSE:PRA)
us.rd.yahoo.com - November 30 at 7:30 PM
us.rd.yahoo.com logo4:17 pm ProAssurance declares a special dividend of $4.69/share (NYSE:PRA)
us.rd.yahoo.com - November 30 at 7:30 PM
4-traders.com logoProAssurance Corporation : (PRA) Files An 8-K Regulation FD Disclosure (NYSE:PRA)
www.4-traders.com - November 16 at 7:13 PM
finance.yahoo.com logoFitch Affirms ProAssurance's Ratings; Outlook Stable (NYSE:PRA)
finance.yahoo.com - November 15 at 7:33 PM
biz.yahoo.com logoPROASSURANCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:PRA)
biz.yahoo.com - November 14 at 11:01 AM
capitalcube.com logoETF’s with exposure to ProAssurance Corp. : November 10, 2016 (NYSE:PRA)
www.capitalcube.com - November 10 at 6:48 PM
finance.yahoo.com logoPROASSURANCE CORP Financials (NYSE:PRA)
finance.yahoo.com - November 10 at 6:48 PM
capitalcube.com logoProAssurance Corp. :PRA-US: Earnings Analysis: Q3, 2016 By the Numbers : November 8, 2016 (NYSE:PRA)
www.capitalcube.com - November 8 at 10:24 AM
finance.yahoo.com logoEdited Transcript of PRA earnings conference call or presentation 3-Nov-16 2:00pm GMT (NYSE:PRA)
finance.yahoo.com - November 4 at 10:39 AM
sg.finance.yahoo.com logoProAssurance misses 3Q profit forecasts (NYSE:PRA)
sg.finance.yahoo.com - November 3 at 11:02 AM
finance.yahoo.com logoProAssurance (PRA) Q3 Earnings, Revenues Beat Estimates (NYSE:PRA)
finance.yahoo.com - November 3 at 11:02 AM
nasdaq.com logoProAssurance Corp. Profit Declines 26% In Q3 (NYSE:PRA)
www.nasdaq.com - November 2 at 7:10 PM
biz.yahoo.com logoPROASSURANCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financ (NYSE:PRA)
biz.yahoo.com - November 2 at 7:10 PM
publicnow.com logoProAssurance Reports Results for Third Quarter 2016 (NYSE:PRA)
www.publicnow.com - November 2 at 7:10 PM
finance.yahoo.com logo5:05 pm ProAssurance reports EPS in-line with consensus and pre-announcement, beats on revs (NYSE:PRA)
finance.yahoo.com - November 2 at 7:10 PM
biz.yahoo.com logoQ3 2016 ProAssurance Corp Earnings Release - After Market Close (NYSE:PRA)
biz.yahoo.com - November 2 at 10:29 AM
finance.yahoo.com logoP&C Insurance Stock Q3 Earnings on Nov 2: ALL, FNF, MKL, PRA (NYSE:PRA)
finance.yahoo.com - November 1 at 11:26 AM
News IconQ3 2016 EPS Estimates for ProAssurance Corp. Lowered by Langen Mcalenn (PRA) (NYSE:PRA)
thelakeandeswave.com - October 28 at 6:40 PM
streetinsider.com logoProAssurance (PRA) Prelim. Q3 EPS Tops Views (NYSE:PRA)
www.streetinsider.com - October 25 at 6:54 PM
publicnow.com logoProAssurance Announces Preliminary Results for Third Quarter 2016 (NYSE:PRA)
www.publicnow.com - October 24 at 6:35 PM
biz.yahoo.com logoPROASSURANCE CORP Files SEC form 8-K, Results of Operations and Financial Condition (NYSE:PRA)
biz.yahoo.com - October 24 at 6:35 PM
capitalcube.com logoProAssurance Corp. : PRA-US: Dividend Analysis : September 28th, 2016 (record date) : By the numbers : October 24, 2016 (NYSE:PRA)
www.capitalcube.com - October 24 at 12:22 PM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bearish Manner : PRA-US : October 21, 2016 (NYSE:PRA)
www.capitalcube.com - October 21 at 10:20 AM
News IconUpdate on ProAssurance Corporation (NYSE:PRA) for the day (NYSE:PRA)
twincountynews.com - October 16 at 11:11 AM
capitalcube.com logoETF’s with exposure to ProAssurance Corp. : October 7, 2016 (NYSE:PRA)
www.capitalcube.com - October 7 at 12:00 PM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bullish Manner : PRA-US : October 6, 2016 (NYSE:PRA)
www.capitalcube.com - October 6 at 12:23 PM
publicnow.com logoProAssurance Corporation Announces Dates for Third Quarter Earnings Release and Conference Call (NYSE:PRA)
www.publicnow.com - October 4 at 6:25 PM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bullish Manner : PRA-US : September 23, 2016 (NYSE:PRA)
www.capitalcube.com - September 23 at 11:35 AM
4-traders.com logoProassurance : Shorted Shares Decreased By 2.75% (NYSE:PRA)
www.4-traders.com - September 20 at 12:07 PM
seekingalpha.com logoProAssurance declares $0.31 dividend (NYSE:PRA)
seekingalpha.com - September 19 at 7:40 AM
capitalcube.com logoProAssurance Corp. breached its 50 day moving average in a Bullish Manner : PRA-US : September 13, 2016 (NYSE:PRA)
www.capitalcube.com - September 13 at 11:43 AM
finance.yahoo.com logoProAssurance Continues to Impress: Time to Buy the Stock? (NYSE:PRA)
finance.yahoo.com - September 12 at 11:29 AM
publicnow.com logoProAssurance Declares Quarterly Dividend (NYSE:PRA)
www.publicnow.com - September 7 at 7:00 PM
News IconInsurance Stocks To Watch As Sector Breakout Hits All-Time Highs (NYSE:PRA)
www.seeitmarket.com - August 29 at 6:39 PM
finance.yahoo.com logoProAssurance (PRA) Hits 52-Week High on Solid Q2 Earnings (NYSE:PRA)
finance.yahoo.com - August 11 at 7:24 PM
capitalcube.com logoProAssurance Corp. :PRA-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NYSE:PRA)
www.capitalcube.com - August 10 at 7:22 PM
moodys.com logoProAssurance Corporation -- Moody's rates ProAssurance's shelf registration (NYSE:PRA)
www.moodys.com - August 9 at 10:06 AM
zacks.com logoProAssurance (PRA) Earnings Beat, Revenues Miss in Q2 (NYSE:PRA)
www.zacks.com - August 4 at 10:05 AM
nasdaq.com logoProAssurance Corp. Q2 Income Climbs 1% (NYSE:PRA)
www.nasdaq.com - August 3 at 7:16 PM
sg.finance.yahoo.com logoProAssurance tops 2Q profit forecasts (NYSE:PRA)
sg.finance.yahoo.com - August 3 at 7:16 PM
biz.yahoo.com logoQ2 2016 ProAssurance Corp Earnings Release - After Market Close (NYSE:PRA)
biz.yahoo.com - August 3 at 10:09 AM
finance.yahoo.com logoP&C Insurers Upcoming Q2 Earnings: ALL, HRTG, PRA (NYSE:PRA)
finance.yahoo.com - August 2 at 11:53 AM

Social

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 declared a quarterly dividend on Wednesday, November 30th. Investors of record on Friday, December 23rd will be paid a dividend of $0.31 per share on Monday, January 9th. This represents a $1.24 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, December 21st.

Where is ProAssurance Corporation's stock going? Where will ProAssurance Corporation's stock price be in 2017?

1 brokers have issued twelve-month target prices for ProAssurance Corporation's stock. Their predictions range from $60.00 to $60.00. On average, they anticipate ProAssurance Corporation's stock price to reach $60.00 in the next year.

When will ProAssurance Corporation announce their earnings?

ProAssurance Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, February, 21st 2017.

What are analysts saying about ProAssurance Corporation stock?

Here are some recent quotes from research analysts about ProAssurance Corporation stock:

  • According to Zacks Investment Research, "The shares of  ProAssurance have gained 16% in 2016 compared to 21% gained by the Zacks categorized Property & Casualty insurance industry on the back of its exposure to persistently low interest rate as well as reduced retention rates. Volatility in premium retention in its physician business is another headwind. The Zacks Consensus Estimate for the fourth quarter is currently pegged at $0.67 reflecting 7.8% year over year decline. However, its inorganic growth strategies have largely helped it build a solid competitive market position. Its robust capital position has enabled it to boost investors’ return by undertaking share buybacks as well as paying quarterly dividends and special dividends. Prudent operating and financial leverage, responsible pricing, loss reserve practice and conservative investments in assets will likely drive growth." (1/10/2017)

  • JMP Securities analysts commented, "[W]e believe PRA is well situated for both the challenging insurance market and changing healthcare environment at hand today," analyst Matthew Carletti wrote in a note.The analyst, who maintains his Market Outperform rating on the stock, said his bullish thesis is based on a "differentiated product that commands a premium price," products covering a broad spectrum within healthcare, a solid balance sheet and strong underwriting discipline.Carletti said ACA will likely present challenges as well as opportunities, and ProAssurance is better positioned to take advantage of than most of its peers.Related Link: Is The Market On The Verge Of A Steep Decline? This Pro Says YesCommenting on ProAssurance's strong balance sheet, the analyst estimates reserve redundancies conservatively at $5/share. The analyst expects full-year EPS of $2.40."As long as loss cost inflation remains benign, releases should continue. If loss cost inflation were to tick up materially, PRA would have a significant cushion, while we believe many peers would likely be forced to add to reserves," Carletti highlighted.According to the analyst, the stock currently trades at 1.4x 1Q16 reported book value, and valuation is compelling.After adjusting for the reserve redundancies estimate, the analyst noted that the stock is trading closer to economic book value (JMP estimate 1.2x), a level that, "in our opinion, is too low for such a high-quality company with a track record such as PRA's (12 percent BV CAGR over the past five years with a standard deviation of 2 percent; 16 percent BV CAGR since IPO)." (6/13/2016)

Who owns ProAssurance Corporation stock?

ProAssurance Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (3.32%), Dimensional Fund Advisors LP (3.09%), State Street Corp (2.00%), Renaissance Technologies LLC (0.63%), Loomis Sayles & Co. L P (0.58%) and Royce & Associates LP (0.42%).

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 FMR LLC, Cortina Asset Management LLC, Franklin Resources Inc., AQR Capital Management LLC, Janus Capital Management LLC, Royce & Associates LP, Loomis Sayles & Co. L P and Baird Financial Group Inc..

Who bought ProAssurance Corporation stock? Who is buying ProAssurance Corporation stock?

ProAssurance Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, Dimensional Fund Advisors LP, Two Sigma Investments LP, Employees Retirement System of Texas, Welch Investments LLC, Guggenheim Capital LLC and A.R.T. Advisors LLC.

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.

How much does a share of ProAssurance Corporation stock cost?

One share of ProAssurance Corporation stock can currently be purchased for approximately $56.55.

ProAssurance Corporation (NYSE:PRA) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for ProAssurance Corporation (NYSE:PRA)

Earnings History Chart

Earnings by Quarter for ProAssurance Corporation (NYSE:PRA)

Dividend History Chart

Dividend Payments by Quarter for ProAssurance Corporation (NYSE:PRA)

Last Updated on 2/21/2017 by MarketBeat.com Staff