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
SymbolNYSE:PRA
CUSIP74267C10
Phone205-877-4400
Debt
Debt-to-Equity Ratio0.18
Current Ratio0.35
Quick Ratio0.35
Price-To-Earnings
Trailing P/E Ratio23.59
Forward P/E Ratio25.93
P/E GrowthN/A
Sales & Book Value
Annual Sales$866.15 million
Price / Sales2.94
Cash Flow$2.7083 per share
Price / Cash17.52
Book Value$29.86 per share
Price / Book1.59
Profitability
EPS (Most Recent Fiscal Year)$2.02
Net Income$107.26 million
Net Margins9.67%
Return on Equity6.14%
Return on Assets2.12%
Miscellaneous
Employees994
Outstanding Shares53,620,000
Market Cap$2.42 billion
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 announced a quarterly dividend on Wednesday, May 23rd. Shareholders 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 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, June 21st. View ProAssurance's Dividend History.
How were ProAssurance's earnings last quarter?
ProAssurance Co. (NYSE:PRA) announced its earnings results on Tuesday, August, 7th. The insurance provider reported $0.48 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.39 by $0.09. The insurance provider earned $248.02 million during the quarter, compared to analyst estimates of $219.98 million. ProAssurance had a net margin of 9.67% and a return on equity of 6.14%. During the same period last year, the company posted $0.40 EPS. View ProAssurance's Earnings History.
When is ProAssurance's next earnings date?
What price target have analysts set for PRA?
6 Wall Street analysts have issued twelve-month price objectives for ProAssurance's shares. Their forecasts range from $44.00 to $54.00. On average, they expect ProAssurance's stock price to reach $50.00 in the next year. This suggests a possible upside of 5.4% 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 6 hold ratings 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 earnings per share of 48 cents beat the Zacks Consensus Estimate by 26.3% and improved 20% year over year, backed by growth across its three operating segments along with overall renewal pricing. Its 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. While growing expenses also persistently burden the company’s bottom line, declining investment income has been affecting its revenues." (8/10/2018)
- 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)
Who are some of ProAssurance's key competitors?
Some companies that are related to ProAssurance include Alleghany (Y), W. R. Berkley (WRB), Everest Re Group (RE), Validus (VR), Hanover Insurance Group (THG), RenaissanceRe (RNR), Kemper (KMPR), Axis Capital (AXS), Enstar Group (ESGR), Selective Insurance Group (SIGI), RLI (RLI), White Mountains Insurance Group (WTM), National General (NGHC), Mercury General (MCY) and AmTrust Financial Services (AFSI).
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?
News coverage about PRA stock has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ProAssurance earned a daily sentiment score of 0.19 on Accern's scale. They also gave news headlines about the insurance provider an impact score of 47.52 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for ProAssurance.
Who are ProAssurance's major shareholders?
ProAssurance's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.92%), Dimensional Fund Advisors LP (3.79%), Victory Capital Management Inc. (3.43%), Royce & Associates LP (2.73%), Diamond Hill Capital Management Inc. (2.28%) and American Century Companies Inc. (2.13%). 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 FMR LLC, Robeco Institutional Asset Management B.V., Wells Fargo & Company MN, State Board of Administration of Florida Retirement System, BNP Paribas Arbitrage SA, California Public Employees Retirement System, Raymond James & Associates and Leavell Investment 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 BlackRock Inc., Royce & Associates LP, Diamond Hill Capital Management Inc., Millennium Management LLC, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc. and Smith Graham & Co. Investment Advisors 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 $47.45.
How big of a company is ProAssurance?
ProAssurance has a market capitalization of $2.42 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 (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.
