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

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$42.16 +1.18 (+2.88 %)
(As of 01/17/2019 06:43 AM ET)
Previous Close$40.98
Today's Range$40.96 - $42.18
52-Week Range$34.95 - $56.19
Volume293,577 shs
Average Volume277,095 shs
Market Capitalization$2.20 billion
P/E Ratio20.87
Dividend Yield3.03%
Beta0.66
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

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74267C10
Phone205-877-4400

Debt

Current Ratio0.35
Quick Ratio0.35

Price-To-Earnings

Sales & Book Value

Annual Sales$866.15 million
Price / Sales2.61
Cash Flow$2.6449 per share
Price / Cash Flow15.94
Book Value$29.86 per share
Price / Book1.41

Profitability

Net Income$107.26 million
Net Margins9.70%
Return on Assets2.11%

Miscellaneous

Employees994
Market Cap$2.20 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 special dividend on Wednesday, November 28th. Shareholders of record on Friday, December 21st will be paid a dividend of $0.50 per share on Wednesday, January 9th. This represents a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, December 20th. View ProAssurance's Dividend History.

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) issued its earnings results on Tuesday, November, 6th. The insurance provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The insurance provider had revenue of $249.33 million for the quarter, compared to analyst estimates of $223.98 million. ProAssurance had a net margin of 9.70% and a return on equity of 6.28%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. 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 brokerages have issued 1 year price targets for ProAssurance's stock. Their predictions range from $44.00 to $52.00. On average, they anticipate ProAssurance's stock price to reach $48.25 in the next twelve months. This suggests a possible upside of 14.4% 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 has been performing well on the back of growth across its operating segments along with overall renewal pricing. Its core business, which includes professional liability insurance, services, and related products, has been witnessing a substantial improvement over the past few quarters. Moreover, the company significantly achieved inorganic growth via successful acquisitions and integration of companies. declining investment income has been affecting its revenues. Shares of the company have outperformed its industry in six months time. However, growing expenses persistently burden the company’s bottom line. Volatility in premium retention pertaining to the company’s physician business also impacted its margins adversely." (1/15/2019)
  • 2. Boenning Scattergood analysts commented, "We are lowering our earnings expectations for ProAssurance based on commentary that management provided on the 3Q18 earnings call." (11/15/2018)

Has ProAssurance been receiving favorable news coverage?

News headlines about PRA stock have been trending somewhat positive on Thursday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. ProAssurance earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave press coverage about the insurance provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact 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 & CEO (Age 70)
  • Mr. Edward Lewis Rand Jr., CPA, Pres & COO (Age 52)
  • Mr. Jeffrey Patton Lisenby, Exec. VP, Gen. Counsel, Corp. Sec. & Head of the Corp. Legal Dept (Age 50)
  • Mr. Howard Harley Friedman ACAS, Chief Underwriting Officer, Chief Actuary & Pres of Healthcare Professional Liability Group (Age 60)
  • Mr. Michael Leonard Boguski CPCU, Pres of Eastern Insurance (Age 56)

Who are ProAssurance's major shareholders?

ProAssurance's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Welch Group LLC (0.08%), Louisiana State Employees Retirement System (0.04%) and State of Alaska Department of Revenue (0.03%). 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 Louisiana State Employees Retirement System and Welch Group LLC. 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 State of Alaska Department of Revenue. 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 $42.16.

How big of a company is ProAssurance?

ProAssurance has a market capitalization of $2.20 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:  210 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  454
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 1/17/2019 by MarketBeat.com Staff

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