ProAssurance - PRA Stock Forecast, Price & News

ProAssurance's stock was trading at $25.30 at the start of the year. Since then, PRA shares have decreased by 20.5% and is now trading at $20.11.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our PRA earnings forecast.

ProAssurance Co. (NYSE:PRA) announced its quarterly earnings data on Monday, August, 8th. The insurance provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.21. The insurance provider earned $255.80 million during the quarter, compared to analyst estimates of $314.59 million. ProAssurance had a trailing twelve-month return on equity of 5.37% and a net margin of 3.37%. ProAssurance's quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share.

ProAssurance announced a quarterly dividend on Thursday, September 8th. Investors of record on Thursday, September 29th will be given a dividend of $0.05 per share on Thursday, October 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, September 28th.
Read our dividend analysis for PRA.

ProAssurance (NYSE:PRA) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.99%. The dividend payout ratio is 27.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRA will have a dividend payout ratio of 16.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRA.

13 employees have rated ProAssurance Chief Executive Officer Edward (Ned) Rand on Glassdoor.com. Edward (Ned) Rand has an approval rating of 49% among the company's employees. This puts Edward (Ned) Rand in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 (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 variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (5.60%), State Street Corp (3.59%), Allspring Global Investments Holdings LLC (2.81%), Royce & Associates LP (2.32%), Renaissance Technologies LLC (1.41%) and Victory Capital Management Inc. (1.31%).
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Shares of PRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRA stock can currently be purchased for approximately $20.11.

ProAssurance (NYSE:PRA) has a market capitalization of $1.09 billion and generates $1.12 billion in revenue each year. The insurance provider earns $144.12 million in net income (profit) each year or $0.72 on an earnings per share basis.

The company employs 1,021 workers across the globe.

ProAssurance's mailing address is 100 Brookwood Place, Birmingham AL, 35209. The official website for the company is www.proassurance.com. The insurance provider can be reached via phone at (205) 877-4400, via email at kenmcewen@proassurance.com, or via fax at 205-868-4073.