NYSE:PRAProAssurance Stock Price, Forecast & News

ProAssurance's stock was trading at $21.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PRA shares have decreased by 32.4% and is now trading at $14.44. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for ProAssurance.

ProAssurance is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for ProAssurance.

ProAssurance Co. (NYSE:PRA) posted its quarterly earnings data on Thursday, May, 7th. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.07. The insurance provider earned $196.70 million during the quarter, compared to analyst estimates of $235.50 million. ProAssurance had a negative net margin of 5.67% and a negative return on equity of 3.21%. ProAssurance's revenue was down 26.8% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. View ProAssurance's earnings history.

ProAssurance announced a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, June 11th will be paid a dividend of $0.05 per share on Wednesday, July 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, June 10th. View ProAssurance's dividend history.

5 equities research analysts have issued 12-month price objectives for ProAssurance's shares. Their forecasts range from $21.00 to $36.00. On average, they anticipate ProAssurance's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 87.0% from the stock's current price. View analysts' price targets for ProAssurance.

News articles about PRA stock have trended very negative recently, InfoTrie reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. ProAssurance earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave press coverage about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutProAssurance.

ProAssurance saw a increase in short interest in May. As of May 15th, there was short interest totaling 955,500 shares, an increase of 10.4% from the April 30th total of 865,400 shares. Based on an average trading volume of 374,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.8% of the shares of the stock are short sold. View ProAssurance's Current Options Chain.

Some companies that are related to ProAssurance include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cincinnati Financial (CINF), Fidelity National Financial (FNF), Cna Financial (CNA), Erie Indemnity (ERIE), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG) and RLI (RLI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other ProAssurance investors own include Gilead Sciences (GILD), AT&T (T), Walgreens Boots Alliance (WBA), Invesco (IVZ), KeyCorp (KEY), Marathon Petroleum (MPC), Uniti Group (UNIT), AbbVie (ABBV), Consolidated Edison (ED) and Energy Transfer LP Unit (ET).

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 BlackRock Inc. (14.51%), State Street Corp (3.65%), Wells Fargo & Company MN (2.87%), Diamond Hill Capital Management Inc. (2.83%), Invesco Ltd. (2.31%) and Bank of New York Mellon Corp (1.47%). Company insiders that own ProAssurance stock include Frank Anthony Spinosa, John J Mcmahon, Jr and Magnus James Gorrie. View institutional ownership trends for ProAssurance.

PRA stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Morgan Stanley, Morgan Stanley, King Luther Capital Management Corp, UBS Group AG, Nuveen Asset Management LLC, and Bank of New York Mellon Corp. View insider buying and selling activity for ProAssurance.

PRA stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Diamond Hill Capital Management Inc., Invesco Ltd., State Street Corp, Geode Capital Management LLC, SG Americas Securities LLC, BlackRock Inc., and Bogle Investment Management L P DE. Company insiders that have bought ProAssurance stock in the last two years include Frank Anthony Spinosa, and Magnus James Gorrie. 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 $14.44.

ProAssurance has a market capitalization of $777.51 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]