About ProAssurance (NYSE:PRA)
ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides 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. The Company operates through four segments. The Specialty property and casualty segment includes the Company's professional liability business, and medical technology and life sciences business. The Workers' compensation segment includes its workers' compensation business. Lloyd's Syndicate 1729 (Syndicate 1729) segment includes business of Syndicate 1729, which underwrites risks over a range of property and casualty insurance and reinsurance lines. The Corporate segment includes the Company's investment operations managed at the corporate level and non-premium revenues generated outside of its insurance entities.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
SymbolNYSE:PRA
CUSIP74267C10
Phone205-877-4400
Debt
Debt-to-Equity Ratio0.26%
Current Ratio0.46%
Quick Ratio0.46%
Price-To-Earnings
Trailing P/E Ratio23.34
Forward P/E Ratio25.05
P/E GrowthN/A
Sales & Book Value
Annual Sales$866.15 million
Price / Sales2.91
Cash Flow$2.5542 per share
Price / Cash18.44
Book Value$29.86 per share
Price / Book1.58
Profitability
EPS (Most Recent Fiscal Year)$2.02
Net Income$107.26 million
Net Margins12.38%
Return on Equity6.11%
Return on Assets2.22%
Miscellaneous
Employees994
Outstanding Shares53,460,000
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, March 7th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.31 per share on Wednesday, April 18th. This represents a $1.24 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, March 28th. View ProAssurance's Dividend History.
How were ProAssurance's earnings last quarter?
ProAssurance Co. (NYSE:PRA) issued its quarterly earnings results on Wednesday, February, 21st. The insurance provider reported $0.55 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.07. The insurance provider had revenue of $209.12 million for the quarter, compared to analysts' expectations of $217.03 million. ProAssurance had a net margin of 12.38% and a return on equity of 6.11%. The company's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. 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 targets for ProAssurance's stock. Their predictions range from $50.00 to $54.00. On average, they expect ProAssurance's stock 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 AXIS Capital (AXS), Enstar Gr (ESGR), Selective Insurance (SIGI), White Mountains Insurance Group (WTM), Kemper (KMPR), RLI (RLI), Mercury Insurance Group (MCY), National General (NGHC), Aspen Insurance (AHL), AmTrust Financial Services (AFSI), Horace Mann Educators (HMN), Navigators Group (NAVG), Third Point Reinsurance (TPRE), Employers (EIG), Infinity Property & Casualty (IPCC), State Auto Financial (STFC), United Fire & Casualty (UFCS) and Safety Insurance Group (SAFT).
Who are ProAssurance's key executives?
ProAssurance's management team includes the folowing people:
- William Stancil Starnes Esq., Chairman of the Board, President, Chief Executive Officer (Age 68)
- Edward L. Rand Jr. CPA., Chief Financial Officer, Chief Operating Officer, Executive Vice President (Age 50)
- Michael Leonard Boguski, President of Eastern Insurance (Age 54)
- Mary Todd Peterson, President of Medmarc Casualty Insurance Company (Age 61)
- Ross E. Taubman, President, Chief Medical Officer of PICA (Age 59)
- Jeffrey P. Lisenby, Executive Vice President, General Counsel (Age 47)
- Frank B. O'Neil, Senior Vice President, Chief Communications Officer (Age 63)
- Kelly B. Brewer, Chief Accounting Officer, Vice President - Finance (Age 41)
- Howard H. Friedman, President, Healthcare Professional Liability Group (Age 57)
- Robert E. Flowers M.D., Lead Independent Director (Age 67)
Has ProAssurance been receiving favorable news coverage?
News articles about PRA stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ProAssurance earned a media sentiment score of 0.23 on Accern's scale. They also gave media stories about the insurance provider an impact score of 46.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
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 $47.12.
How big of a company is ProAssurance?
ProAssurance has a market capitalization of $2.53 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 10.40%. 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)
4 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) | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $52.00 | $54.50 | $58.3333 | $58.00 |
| Price Target Upside: | 10.40% upside | 10.89% upside | 5.38% downside | 3.66% upside |
ProAssurance (NYSE:PRA) Consensus Price Target History
ProAssurance (NYSE:PRA) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
ProAssurance (NYSE:PRA) Dividend Information
ProAssurance pays an annual dividend of $1.24 per share, with a dividend yield of 2.63%. PRA's most recent quarterly dividend payment was Wednesday, April 18. ProAssurance pays out 61.39% of its earnings out as a dividend.
| Most Recent Dividend: | 4/18/2018 |
| Annual Dividend: | $1.24 |
| Dividend Yield: | 2.63% |
| Dividend Growth: | 1.10% (3 Year Average) |
| Payout Ratio: | 61.39% (Trailing 12 Months of Earnings)
65.96% (Based on This Year's Estimates)
65.26% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
ProAssurance (NYSE:PRA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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: 82.56%
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 |
|---|
| 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, April, 19, 2018
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