ProAssurance - PRA Stock Forecast, Price & News

0 brokers have issued 1 year price targets for ProAssurance's shares. Their PRA share price forecasts range from $22.00 to $23.00. On average, they anticipate the company's stock price to reach $22.50 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for PRA or view top-rated stocks among Wall Street analysts.

ProAssurance's stock was trading at $25.30 at the beginning of the year. Since then, PRA shares have decreased by 21.2% and is now trading at $19.93.
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ProAssurance saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 983,900 shares, an increase of 31.6% from the October 31st total of 747,900 shares. Based on an average trading volume of 319,900 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.9% of the company's stock are sold short.
View ProAssurance's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 20th 2023.
View our PRA earnings forecast.

ProAssurance Co. (NYSE:PRA) posted its quarterly earnings data on Monday, November, 8th. The insurance provider reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.09. The insurance provider earned $309.70 million during the quarter, compared to analyst estimates of $275.04 million. ProAssurance had a trailing twelve-month return on equity of 4.41% and a net margin of 1.58%. ProAssurance's quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS.

ProAssurance announced a quarterly dividend on Thursday, December 1st. Stockholders of record on Thursday, December 22nd will be given a dividend of $0.05 per share on Tuesday, January 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, December 21st.
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 1.00%. The dividend payout ratio is 62.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRA will have a dividend payout ratio of 19.42% 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.58%), Vanguard Group Inc. (11.38%), Dimensional Fund Advisors LP (3.67%), State Street Corp (3.61%), Allspring Global Investments Holdings LLC (2.82%) and Royce & Associates LP (2.28%).
View institutional ownership trends.

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 $19.93.

ProAssurance (NYSE:PRA) has a market capitalization of $1.08 billion and generates $1.12 billion in revenue each year. The insurance provider earns $144.12 million in net income (profit) each year or $0.32 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.