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, 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 markets its products through independent agencies and brokers, as well as an internal sales force. ProAssurance Corporation was founded in 1976 and is headquartered in Birmingham, Alabama.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Current SymbolNYSE:PRA
Previous Symbol
CUSIP74267C10
Phone205-877-4400
Debt
Debt-to-Equity Ratio0.18
Current Ratio0.35
Quick Ratio0.35
Price-To-Earnings
Trailing P/E Ratio20.21
Forward P/E Ratio23.73
P/E GrowthN/A
Sales & Book Value
Annual Sales$866.15 million
Price / Sales2.53
Cash Flow$2.5641 per share
Price / Cash Flow15.92
Book Value$29.86 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)$2.02
Net Income$107.26 million
Net Margins9.70%
Return on Equity6.28%
Return on Assets2.11%
Miscellaneous
Employees994
Outstanding Shares53,640,000
Market Cap$2.20 billion
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 special dividend on Wednesday, November 28th. Shareholders of record on Friday, December 21st will be paid a dividend of $0.50 per share on Wednesday, January 9th. This represents a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, December 20th. View ProAssurance's Dividend History.
How were ProAssurance's earnings last quarter?
ProAssurance Co. (NYSE:PRA) issued its earnings results on Tuesday, November, 6th. The insurance provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The insurance provider had revenue of $249.33 million for the quarter, compared to analyst estimates of $223.98 million. ProAssurance had a net margin of 9.70% and a return on equity of 6.28%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. View ProAssurance's Earnings History.
When is ProAssurance's next earnings date?
What price target have analysts set for PRA?
6 brokerages have issued 1 year price targets for ProAssurance's stock. Their predictions range from $44.00 to $52.00. On average, they anticipate ProAssurance's stock price to reach $49.3333 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price. View Analyst Price Targets for ProAssurance.
What is the consensus analysts' recommendation for ProAssurance?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 5 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. 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)
- 2. According to Zacks Investment Research, "ProAssurance has been consistently performing well backed by growth across its three operating segments along with overall renewal pricing. The company’s core business has been witnessing a substantial improvement over the past few quarters. It has significantly achieved inorganic growth via successful acquisitions and integration of companies. Its top line has also remained consistently strong on the back of a solid premium income. Shares of ProAssurance have lost comparing unfavorably with its industry’s growth in a year’s time. While growing expenses also persistently burden the company’s bottom line, declining investment income has been affecting its revenues. Volatility in premium retention pertaining to the company’s physician business has impacted its margins adversely. A Zacks Rank #4 and an Earnings ESP of +18.49% makes prediction difficult as it reports third-quarter results on Nov 16." (11/14/2018)
Has ProAssurance been receiving favorable news coverage?
News headlines about PRA stock have been trending somewhat positive on Wednesday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. ProAssurance earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave press coverage about the insurance provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are some of ProAssurance's key competitors?
Some companies that are related to ProAssurance include American Financial Group (AFG), RenaissanceRe (RNR), Hanover Insurance Group (THG), Axis Capital (AXS), Kemper (KMPR), Selective Insurance Group (SIGI), Enstar Group (ESGR), RLI (RLI), Mercury General (MCY), White Mountains Insurance Group (WTM), AmTrust Financial Services (AFSI), National General (NGHC), Aspen Insurance (AHL), Navigators Group (NAVG) and Horace Mann Educators (HMN).
Who are ProAssurance's key executives?
ProAssurance's management team includes the folowing people:
- Mr. William Stancil Starnes Esq., J.D., Chairman, Pres & CEO (Age 69)
- Mr. Edward Lewis Rand Jr., CPA, Exec. VP, COO, & Chief Accounting Officer (Age 51)
- Mr. Jeffrey Patton Lisenby, Exec. VP, Gen. Counsel, Corp. Sec. & Head of the Corp. Legal Dept (Age 49)
- Mr. Howard Harley Friedman ACAS, Chief Underwriting Officer, Chief Actuary & Pres of Healthcare Professional Liability Group (Age 59)
- Mr. Michael Leonard Boguski CPCU, Pres of Eastern Insurance (Age 55)
Who are ProAssurance's major shareholders?
ProAssurance's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.26%), Vanguard Group Inc. (10.52%), Dimensional Fund Advisors LP (4.04%), JPMorgan Chase & Co. (3.71%), American Century Companies Inc. (3.70%) and Victory Capital Management Inc. (3.46%). 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 Renaissance Technologies LLC, JPMorgan Chase & Co., First Trust Advisors LP, AQR Capital Management LLC, Citadel Advisors LLC, Wells Fargo & Company MN, Russell Investments Group Ltd. and Diamond Hill Capital Management Inc.. View Insider Buying and Selling for ProAssurance.
Which major investors are buying ProAssurance stock?
PRA stock was purchased by a variety of institutional investors in the last quarter, including Rehmann Capital Advisory Group, American Century Companies Inc., Clearbridge Investments LLC, Vanguard Group Inc., BlackRock Inc., Dimensional Fund Advisors LP, Man Group plc 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 $40.82.
How big of a company is ProAssurance?
ProAssurance has a market capitalization of $2.20 billion and generates $866.15 million in revenue each year. The insurance provider earns $107.26 million in net income (profit) each year or $2.02 on an earnings per share basis. ProAssurance employs 994 workers across the globe.
What is ProAssurance's official website?
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)
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.
