NYSE:PRA - ProAssurance Stock Price, News, & Analysis

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$43.88 -0.23 (-0.52 %)
(As of 11/13/2018 03:37 PM ET)
Previous Close$44.11
Today's Range$43.78 - $44.60
52-Week Range$34.95 - $63.45
Volume123,765 shs
Average Volume207,243 shs
Market Capitalization$2.37 billion
P/E Ratio21.72
Dividend Yield2.81%
Beta0.69
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.

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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 Ratio21.72
Forward P/E Ratio23.85
P/E GrowthN/A

Sales & Book Value

Annual Sales$866.15 million
Price / Sales2.72
Cash Flow$2.5571 per share
Price / Cash17.16
Book Value$29.86 per share
Price / Book1.47

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$2.37 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 quarterly dividend on Wednesday, September 5th. Investors of record on Friday, September 28th will be paid a dividend of $0.31 per share on Wednesday, October 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, September 27th. View ProAssurance's Dividend History.

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) released its quarterly earnings data on Tuesday, November, 6th. The insurance provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.02. The insurance provider earned $249.33 million during the quarter, compared to the consensus estimate of $223.98 million. ProAssurance had a net margin of 9.70% and a return on equity of 6.28%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. View ProAssurance's Earnings History.

When is ProAssurance's next earnings date?

ProAssurance is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for ProAssurance.

What price target have analysts set for PRA?

6 analysts have issued 12-month price objectives for ProAssurance's stock. Their predictions range from $44.00 to $52.00. On average, they anticipate ProAssurance's share price to reach $49.3333 in the next year. This suggests a possible upside of 12.4% 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. According to Zacks Investment Research, "ProAssurance Corporation’s shares 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. However, volatility in premium retention pertaining to the company’s physician business has impacted its margins adversely too. It shares 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." (10/9/2018)
  • 2. Boenning Scattergood analysts commented, "We also expect earnings to decline over the next couple of years due to less favorable (albeit still very strong) prior-year reserve development. On the plus side, PRA continues to operate with very low leverage, and the board has declared special dividends in each of the last four years (and five of the last six). Given the excess capital, we would not be surprised to see additional special dividends in the future. Still, we believe investors should wait for a better opportunity to get into the stock and we maintain our Neutral rating." (8/8/2018)

Has ProAssurance been receiving favorable news coverage?

Media stories about PRA stock have been trending somewhat negative on Tuesday, InfoTrie reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. ProAssurance earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the insurance provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the near future.

Who are some of ProAssurance's key competitors?

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 number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.26%), Dimensional Fund Advisors LP (4.04%), JPMorgan Chase & Co. (3.71%), American Century Companies Inc. (3.70%), Victory Capital Management Inc. (3.46%) and Royce & Associates LP (2.96%). 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 JPMorgan Chase & Co., First Trust Advisors LP, Wells Fargo & Company MN, Russell Investments Group Ltd., Diamond Hill Capital Management Inc., Leavell Investment Management Inc., Credit Suisse AG and Quantbot Technologies LP. 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 American Century Companies Inc., BlackRock Inc., Dimensional Fund Advisors LP, Royce & Associates LP, Ontario Teachers Pension Plan Board, Bank of Montreal Can, Bank of New York Mellon Corp and Stone Ridge Asset Management LLC. 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 $43.88.

How big of a company is ProAssurance?

ProAssurance has a market capitalization of $2.37 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?

The official website for ProAssurance is http://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]


MarketBeat Community Rating for ProAssurance (NYSE PRA)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  206 (Vote Outperform)
Underperform Votes:  236 (Vote Underperform)
Total Votes:  442
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.
This page was last updated on 11/13/2018 by MarketBeat.com Staff

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