ProAssurance Stock Forecast, Price & News

ProAssurance's stock was trading at $21.35 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PRA shares have decreased by 31.6% and is now trading at $14.61.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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ProAssurance is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for ProAssurance.

ProAssurance Co. (NYSE:PRA) announced its quarterly earnings data on Monday, August, 10th. The insurance provider reported ($0.60) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.67) by $0.07. The insurance provider earned $221.74 million during the quarter, compared to analyst estimates of $231.76 million. ProAssurance had a negative net margin of 9.04% and a negative return on equity of 5.71%. The company's revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS.
View ProAssurance's earnings history.

ProAssurance announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, September 24th will be given a dividend of $0.05 per share on Friday, October 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, September 23rd.
View ProAssurance's dividend history.

6 brokers have issued 1-year price objectives for ProAssurance's shares. Their forecasts range from $14.00 to $36.00. On average, they anticipate ProAssurance's stock price to reach $25.25 in the next twelve months. This suggests a possible upside of 72.8% from the stock's current price.
View analysts' price targets for ProAssurance.

ProAssurance saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 795,600 shares, a drop of 17.4% from the August 15th total of 963,500 shares. Based on an average daily trading volume, of 442,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.5% of the company's stock are short sold.
View ProAssurance's Short Interest.

Some companies that are related to ProAssurance include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Axis Capital (AXS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other ProAssurance investors own include AT&T (T), AbbVie (ABBV), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA), Uniti Group (UNIT), Consolidated Edison (ED), Energy Transfer LP Unit (ET), Ford Motor (F), General Electric (GE) and KeyCorp (KEY).

ProAssurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRA."

ProAssurance's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.92%), Diamond Hill Capital Management Inc. (4.27%), Bank of New York Mellon Corp (1.40%), Charles Schwab Investment Management Inc. (1.34%), Federated Hermes Inc. (0.94%) and Principal Financial Group Inc. (0.75%). Company insiders that own ProAssurance stock include Frank Anthony Spinosa and John J Mcmahon, Jr.
View institutional ownership trends for ProAssurance.

PRA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., Bank of America Corp DE, Sei Investments Co., Bank of New York Mellon Corp, Russell Investments Group Ltd., Nisa Investment Advisors LLC, and Prudential Financial Inc..
View insider buying and selling activity for ProAssurance.

PRA stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Federated Hermes Inc., Mesirow Financial Investment Management Equity Management, Assenagon Asset Management S.A., Smith Graham & Co. Investment Advisors LP, Cubist Systematic Strategies LLC, Nuveen Asset Management LLC, and Marshall Wace LLP.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of PRA stock can currently be purchased for approximately $14.61.

ProAssurance has a market capitalization of $787.32 million and generates $999.83 million in revenue each year. The insurance provider earns $1 million in net income (profit) each year or ($0.81) on an earnings per share basis. ProAssurance employs 991 workers across the globe.

The official website for ProAssurance is www.proassurance.com.

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]