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About ProAssurance (NYSE:PRA)
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
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
SymbolNYSE:PRA
CUSIP74267C10
Phone205-877-4400
Debt
Debt-to-Equity Ratio0.24
Current Ratio0.39
Quick Ratio0.39
Price-To-Earnings
Trailing P/E Ratio22.47
Forward P/E Ratio22.80
P/E GrowthN/A
Sales & Book Value
Annual Sales$866.15 million
Price / Sales2.50
Cash Flow$2.5652 per share
Price / Cash15.73
Book Value$29.28 per share
Price / Book1.38
Profitability
EPS (Most Recent Fiscal Year)$2.02
Net Income$107.26 million
Net Margins9.20%
Return on Equity5.64%
Return on Assets1.99%
Miscellaneous
Employees994
Outstanding Shares53,590,000
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 Wednesday, May 23rd. Stockholders of record on Friday, June 22nd will be paid a dividend of $0.31 per share on Tuesday, July 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.07%. View ProAssurance's Dividend History.
How were ProAssurance's earnings last quarter?
ProAssurance (NYSE:PRA) announced its quarterly earnings data on Thursday, May, 3rd. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.04. The insurance provider earned $201.03 million during the quarter, compared to the consensus estimate of $219.42 million. ProAssurance had a net margin of 9.20% and a return on equity of 5.64%. The firm's quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. View ProAssurance's Earnings History.
When is ProAssurance's next earnings date?
What price target have analysts set for PRA?
6 brokers have issued twelve-month price objectives for ProAssurance's shares. Their predictions range from $50.00 to $54.00. On average, they expect ProAssurance's share price to reach $52.00 in the next year. 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’s shares have underperformed the industry in a year's time. Volatility in premium retention in the company’s physician business has impacted its margins adversely. While growing expenses also continue to weigh on the company’s bottom line, declining investment income has been affecting its top line. The company has also seen the Zacks Consensus Estimate for 2018 earnings being revised downward in the past seven days. However, the company's core business has been witnessing substantial improvement over the past few quarters. It has significantly achieved inorganic growth via successful acquisitions and integration of companies. The company’s top line has also remained consistently strong on the back of solid premium income. ProAssurance's fourth-quarter 2017 earnings missed the Zacks Consensus Estimate and declined year over year due to lower revenues." (2/26/2018)
- 2. Boenning Scattergood analysts commented, "We anticipate some weakness in the shares today. The company is one of the more conservative insurers in the sector and has a long track record of building shareholder value (book value plus cumulative dividends), averaging 13% growth per year for the last 25 years. However, the stock is currently trading over 1.7x book versus the company’s long-term average of 1.4x. We also expect earnings to decline modestly over the next couple of years, largely the result of less favorable (albeit still very strong) prior year reserve development. As such, we believe investors should wait for a better opportunity to get into the stock and maintain our Neutral rating." (2/22/2018)
Who are some of ProAssurance's key competitors?
Some companies that are related to ProAssurance include Validus (VR), The Hanover Insurance Group (THG), RenaissanceRe (RNR), AXIS Capital (AXS), Enstar Gr (ESGR), Kemper (KMPR), Selective Insurance (SIGI), White Mountains Insurance Group (WTM), RLI (RLI), National General (NGHC), AmTrust Financial Services (AFSI), Mercury General (MCY), Aspen Insurance (AHL), Horace Mann Educators (HMN) and Navigators Group (NAVG).
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, CFO & 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)
Has ProAssurance been receiving favorable news coverage?
Headlines about PRA stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ProAssurance earned a coverage optimism score of 0.15 on Accern's scale. They also gave press coverage about the insurance provider an impact score of 47.21 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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. (10.61%), JPMorgan Chase & Co. (4.18%), Dimensional Fund Advisors LP (3.40%), Victory Capital Management Inc. (3.26%), Wells Fargo & Company MN (2.42%) and American Century Companies Inc. (1.96%). Company insiders that own ProAssurance stock include Edward Lewis Rand Jr, Howard H Friedman, Jeffrey Patton Lisenby, 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 Royal Bank of Canada, Schroder Investment Management Group, Sei Investments Co., Robeco Institutional Asset Management B.V., Barclays PLC, California Public Employees Retirement System, Envestnet Asset Management Inc. and Citigroup Inc.. Company insiders that have sold ProAssurance company stock in the last year include Edward Lewis Rand Jr, Jeffrey Patton Lisenby and William Stancil Starnes. 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 Dimensional Fund Advisors LP, Victory Capital Management Inc., BlackRock Inc., Wells Fargo & Company MN, Russell Investments Group Ltd., JPMorgan Chase & Co., Citadel Advisors LLC and Natixis. Company insiders that have bought ProAssurance stock in the last two years include Howard H Friedman 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 $40.35.
How big of a company is ProAssurance?
ProAssurance has a market capitalization of $2.15 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.
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 (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.
ProAssurance (NYSE:PRA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for ProAssurance in the last 12 months. Their average twelve-month price target is $52.00, suggesting that the stock has a possible upside of 28.87%. The high price target for PRA is $54.00 and the low price target for PRA is $50.00. There are currently 6 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $52.00 | $52.00 | $57.50 | $58.00 |
| Price Target Upside: | 28.87% upside | 13.29% upside | 10.68% upside | 0.96% upside |
ProAssurance (NYSE:PRA) Consensus Price Target History
ProAssurance (NYSE:PRA) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
ProAssurance (NYSE:PRA) Dividend Information
ProAssurance pays an annual dividend of $1.24 per share, with a dividend yield of 3.07%. PRA's next quarterly dividend payment will be made on Tuesday, July 10. ProAssurance pays out 61.39% of its earnings out as a dividend.
| Next Dividend: | 7/10/2018 |
| Annual Dividend: | $1.24 |
| Dividend Yield: | 3.07% |
| Dividend Growth: | 1.10% (3 Year Average) |
| Payout Ratio(s): | 61.39% (Trailing 12 Months of Earnings)
70.06% (Based on This Year's Estimates)
72.09% (Based on Next Year's Estimates)
48.34% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
ProAssurance (NYSE:PRA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/23/2018 | quarterly | $0.31 | 3.07% | | 6/22/2018 | 7/10/2018 |
| 3/7/2018 | quarterly | $0.31 | 2.48496993987976% | 3/28/2018 | 3/29/2018 | 4/18/2018 |
| 11/29/2017 | quarterly | $0.31 | 2% | 12/20/2017 | 12/21/2017 | 1/10/2018 |
| 9/6/2017 | quarterly | $0.31 | 2.42% | 9/28/2017 | 9/29/2017 | 10/10/2017 |
| 5/31/2017 | quarterly | $0.31 | 2.07% | 6/23/2017 | 6/27/2017 | 7/12/2017 |
| 3/2/2017 | quarterly | $0.31 | 2.06% | 3/28/2017 | 3/30/2017 | 4/12/2017 |
| 3/1/2017 | quarterly | $0.31 | | | 3/30/2017 | 4/2/2017 |
| 11/30/2016 | quarterly | $0.31 | 2.17% | 12/21/2016 | 12/23/2016 | 1/9/2017 |
| 9/7/2016 | quarterly | $0.31 | 2.29% | 9/26/2016 | 9/28/2016 | 10/7/2016 |
| 5/25/2016 | quarterly | $0.31 | 2.4% | 6/22/2016 | 6/24/2016 | 7/8/2016 |
| 3/2/2016 | quarterly | $0.31 | 2.49% | 3/28/2016 | 3/30/2016 | 4/12/2016 |
| 12/2/2015 | special | $1.00 | 2.38% | 12/22/2015 | 12/24/2015 | 1/8/2016 |
| 9/2/2015 | quarterly | $0.31 | 2.56% | 9/22/2015 | 9/24/2015 | 10/7/2015 |
| 5/27/2015 | quarterly | $0.31 | 2.75% | 6/23/2015 | 6/25/2015 | 7/9/2015 |
| 3/3/2015 | quarterly | $0.31 | 2.76% | 3/24/2015 | 3/26/2015 | 4/8/2015 |
| 12/3/2014 | special | $2.65 | 2.65% | 12/26/2014 | 12/30/2014 | 1/9/2015 |
| 9/3/2014 | quarterly | $0.30 | 2.61% | 9/24/2014 | 9/26/2014 | 10/9/2014 |
| 5/28/2014 | quarterly | $0.30 | 2.65% | 6/25/2014 | 6/27/2014 | 7/11/2014 |
| 3/5/2014 | quarterly | $0.30 | 2.66% | 3/26/2014 | 3/28/2014 | 4/10/2014 |
| 12/4/2013 | quarterly | $0.30 | 2.49% | 12/24/2013 | 12/27/2013 | 1/9/2014 |
| 9/11/2013 | quarterly | $0.25 | 2.14% | 9/25/2013 | 9/27/2013 | 11/10/2013 |
| 5/22/2013 | quarterly | $0.25 | 2% | 6/25/2013 | 6/27/2013 | 7/12/2013 |
| 3/6/2013 | quarterly | $0.25 | 2.14% | 3/26/2013 | 3/29/2013 | 4/11/2013 |
| 12/9/2012 | special | $1.25 | | 12/13/2012 | 12/17/2012 | 12/27/2012 |
(Data available from 1/1/2013 forward)
ProAssurance (NYSE PRA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 81.52%
ProAssurance (NYSE PRA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/7/2018 | Howard H Friedman | Insider | Buy | 2,000 | $40.75 | $81,500.00 | 273,153 |  |
| 1/16/2018 | William Stancil Starnes | Chairman | Sell | 10,736 | $55.00 | $590,480.00 | 267,036 | |
| 1/12/2018 | William Stancil Starnes | CEO | Sell | 25,896 | $55.01 | $1,424,538.96 | 277,772 | |
| 1/10/2018 | William Stancil Starnes | Chairman | Sell | 2,442 | $55.00 | $134,310.00 | 324,895 | |
| 8/18/2017 | Neil Frank B O | Insider | Buy | 2,500 | $54.50 | $136,250.00 | 104,431 | |
| 8/11/2017 | Neil Frank B O | Insider | Buy | 2,500 | $54.75 | $136,875.00 | 101,931 | |
| 8/9/2017 | Howard H Friedman | Insider | Buy | 2,000 | $55.00 | $110,000.00 | 259,573 | |
| 7/7/2017 | Jeffrey Patton Lisenby | Insider | Sell | 6,171 | $61.57 | $379,948.47 | 44,238 | |
| 7/5/2017 | Jeffrey Patton Lisenby | Insider | Sell | 4,829 | $61.60 | $297,466.40 | 50,836 | |
| 6/28/2017 | Edward Lewis Rand Jr | Insider | Sell | 13,845 | $60.41 | $836,376.45 | 117,079 | |
| 6/26/2017 | Edward Lewis Rand Jr | Insider | Sell | 3,155 | $60.11 | $189,647.05 | 120,014 | |
| 9/8/2015 | Ziad Haydar | Director | Buy | 3,065 | $48.75 | $149,418.75 | 4,323 | |
| 8/25/2014 | Piazza Samuel A Jr. Di | Director | Buy | 5,000 | $45.84 | $229,200.00 | | |
| 8/7/2014 | Anthony R Tersigni | Director | Buy | 2,000 | $43.65 | $87,300.00 | | |
| 5/29/2013 | Thomas A.S. Wilson Jr | Director | Buy | 1,000 | $49.87 | $49,870.00 | | |
(Data available from 1/1/2013 forward)
ProAssurance (NYSE PRA) News Headlines
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ProAssurance (NYSE:PRA) SEC Filings
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ProAssurance (NYSE:PRA) Income Statement, Balance Sheet and Cash Flow Statement
ProAssurance (NYSE PRA) Stock Chart for Thursday, May, 24, 2018
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