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 Property & Casualty Insurance
Sub-IndustryProperty & Casualty Insurance
Trailing P/E Ratio19.3866171003717
Forward P/E Ratio24.95
Sales & Book Value
Annual Sales$870.21 million
Price / Sales3.20
Cash Flow$3.02 per share
Price / Cash17.24
Book Value$33.78 per share
Price / Book1.54
Net Income$151.08 million
Return on Equity6.75%
Return on Assets2.50%
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, November 29th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.31 per share on Wednesday, January 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, December 20th. View ProAssurance's Dividend History.
How were ProAssurance's earnings last quarter?
ProAssurance Co. (NYSE:PRA) posted its quarterly earnings results on Monday, November, 6th. The insurance provider reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The insurance provider earned $228.50 million during the quarter, compared to analysts' expectations of $215.12 million. ProAssurance had a return on equity of 6.75% and a net margin of 16.18%. ProAssurance's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. View ProAssurance's Earnings History.
When will ProAssurance make its next earnings announcement?
Where is ProAssurance's stock going? Where will ProAssurance's stock price be in 2018?
3 equities research analysts have issued 12-month target prices for ProAssurance's stock. Their forecasts range from $54.00 to $61.00. On average, they anticipate ProAssurance's stock price to reach $57.50 in the next twelve months. 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 core business has been witnessing substantial improvement over the past few quarters. The company has significantly achieved inorganic growth via successful acquisitions and integration of companies. Its top line has also remained strong consistently on the back of solid premium income. Although, the shares have underperformed the industry in a year's time, its solid fundamentals and other positives are expected to favor the stock going forward. Volatility in premium retention in its physician business has impacted its margins adversely. Growing expenses also continue to weigh on the bottom line. Its declining investment income has been affecting the top line." (1/22/2018)
- 2. Boenning Scattergood analysts commented, "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; we maintain our Neutral rating. Key Points: Reported Results: PRA reported $0.54 of net income per share and $0.45 of operating income per share. Our operating EPS estimate was $0.31. Annualized operating ROE was 5.3%. Premium Production: Gross premiums written increased 5.8% to $246 million, slightly ahead of our 5.0% growth projection. The Specialty P&C and Lloyd’s Syndicate segments saw growth of 7% and 11%, respectively, while the Workers’ Compensation segment was flat. Underwriting Results: Underwriting income beat by $0.08 per share after tax. The combined Both the loss ratio and." (11/7/2017)
Who are some of ProAssurance's key competitors?
Some companies that are related to ProAssurance include Old Republic International (ORI), Direct Line Insurance Group (DLG), Hanover Insurance Group (THG), Radian Group (RDN), Essent Group (ESNT), Allied World Assurance (AWHHF), Assured Guaranty (AGO), Hiscox (HSX), Selective Insurance Group (SIGI), Alterra Capital (ALTE), White Mountains Insurance Group (WTM), RLI (RLI), Montpelier Re (MRH), Argo Group International (AGII), Horace Mann Educators (HMN), OneBeacon Insurance Group (OB), Navigators Group (NAVG) and Employers (EIG).
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)
Who owns ProAssurance stock?
ProAssurance's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.43%), TimesSquare Capital Management LLC (3.53%), Victory Capital Management Inc. (2.93%), Wells Fargo & Company MN (2.29%), Goldman Sachs Group Inc. (2.27%) and Schroder Investment Management Group (2.05%). Company insiders that own ProAssurance stock include Edward Lewis Rand Jr, Howard H Friedman, Jeffrey Patton Lisenby, Neil Frank B O and William Stancil Starnes. View Institutional Ownership Trends for ProAssurance.
Who sold ProAssurance stock? Who is selling ProAssurance stock?
ProAssurance's stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, TimesSquare Capital Management LLC, Mesirow Financial Investment Management Equity Management, American Century Companies Inc., Citadel Advisors LLC, Wells Fargo & Company MN, GW&K Investment Management LLC and Robeco Institutional Asset Management B.V.. Company insiders that have sold ProAssurance company stock in the last year include Edward Lewis Rand Jr, Jeffrey Patton Lisenby and William Stancil Starnes. View Insider Buying and Selling for ProAssurance.
Who bought ProAssurance stock? Who is buying ProAssurance stock?
ProAssurance's stock was acquired by a variety of institutional investors in the last quarter, including Carillon Tower Advisers Inc., BlackRock Inc., Assenagon Asset Management S.A., Victory Capital Management Inc., Goldman Sachs Group Inc., Arizona State Retirement System, Bank of Montreal Can and Eagle Asset Management Inc.. Company insiders that have bought ProAssurance stock in the last two years include Howard H Friedman and Neil Frank B O. View Insider Buying and Selling for ProAssurance.
How do I buy ProAssurance stock?
Shares of ProAssurance 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 ProAssurance stock can currently be purchased for approximately $52.15.
How big of a company is ProAssurance?
ProAssurance has a market capitalization of $2.81 billion and generates $870.21 million in revenue each year. The insurance provider earns $151.08 million in net income (profit) each year or $2.69 on an earnings per share basis. ProAssurance employs 965 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
ProAssurance (NYSE:PRA) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)|
3 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)|
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$57.50||$58.33||$58.00||$60.50|
|Price Target Upside: ||6.73% downside||5.38% downside||0.96% upside||4.22% upside|
ProAssurance (NYSE:PRA) Consensus Price Target History
ProAssurance (NYSE:PRA) Analyst Ratings History
(Data available from 2/18/2016 forward)
ProAssurance (NYSE:PRA) Earnings History and Estimates Chart
ProAssurance (NYSE PRA) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/6/2017||Q3 2017||$0.36||$0.45||$215.12 million||$228.50 million||View||N/A|
|8/7/2017||Q2 2017||$0.39||$0.40||$207.14 million||$205.58 million||View||Listen|
|5/4/2017||Q1 2017||$0.54||$0.62||$211.53 million||$223.00 million||View||Listen|
|2/22/2017||Q4 2016||$0.64||$0.83||$175.19 million||$237.67 million||View||N/A|
|11/2/2016||Q3 2016||$0.45||$0.46||$208.11 million||$211.96 million||View||N/A|
|8/3/2016||Q216||$0.57||$0.67||$202.70 million||$214.80 million||View||N/A|
|5/9/2016||Q116||$0.60||$0.46||$224.14 million||$193.40 million||View||N/A|
|2/23/2016||Q415||$0.76||$0.73||$164.97 million||$185.90 million||View||Listen|
|11/4/2015||Q3||$0.64||$0.63||$227.75 million||$174.90 million||View||N/A|
|8/6/2015||Q215||$0.64||$0.64||$190.80 million||$203.40 million||View||Listen|
|5/7/2015||Q1||$0.67||$0.61||$212.52 million||$207.80 million||View||Listen|
|2/24/2015||Q414||$0.63||$1.04||$210.03 million||$209.79 million||View||Listen|
|11/5/2014||Q314||$0.74||$0.68||$211.90 million||$203.80 million||View||Listen|
|8/5/2014||Q214||$0.69||$0.69||$177.24 million||$222.50 million||View||Listen|
|5/6/2014||Q114||$0.70||$0.73||$199.69 million||$208.05 million||View||Listen|
|2/20/2014||Q413||$1.08||$1.14||$174.40 million||$159.37 million||View||Listen|
|11/7/2013||Q313||$0.81||$0.88||$168.51 million||$167.49 million||View||Listen|
|8/5/2013||Q2 2013||$0.87||$0.72||$166.53 million||$170.80 million||View||Listen|
|5/6/2013||Q1 2013||$0.73||$0.97||$176.89 million||$194.97 million||View||Listen|
|2/19/2013||Q4 2012||$1.35||$1.56||$175.49 million||$195.42 million||View||Listen|
|11/6/2012||Q312||$1.58||$1.71||$169.29 million||$156.50 million||View||N/A|
ProAssurance (NYSE:PRA) Earnings Estimates
2018 EPS Consensus Estimate: $2.14
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
ProAssurance (NYSE:PRA) Dividend Information
|Most Recent Dividend:||1/10/2018|
|Dividend Growth:||1.10% (3 Year Average)|
|Payout Ratio:||46.10% (Trailing 12 Months of Earnings) |
59.33% (Based on This Year's Estimates)
58.77% (Based on Next Year's Estimates)
ProAssurance (NYSE:PRA) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
ProAssurance (NYSE PRA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 79.89%
ProAssurance (NYSE PRA) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|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|| |
ProAssurance (NYSE PRA) News Headlines
|ProAssurance (PRA) Scheduled to Post Earnings on Wednesday|
www.americanbankingnews.com - February 14 at 1:44 AM
|ProAssurance Co. (PRA) Expected to Post Quarterly Sales of $214.65 Million|
www.americanbankingnews.com - February 10 at 12:44 PM
|At $52.6, Is It Time To Buy ProAssurance Corporation (NYSE:PRA)?|
finance.yahoo.com - February 9 at 8:52 AM
| Analysts Anticipate ProAssurance Co. (PRA) Will Post Earnings of $0.62 Per Share|
www.americanbankingnews.com - February 8 at 5:10 AM
|Head-To-Head Review: James River Group (JRVR) & ProAssurance (PRA)|
www.americanbankingnews.com - February 5 at 9:48 AM
|Should You Buy ProAssurance Corporation (NYSE:PRA) For Its Dividend?|
finance.yahoo.com - January 25 at 8:47 AM
|$214.65 Million in Sales Expected for ProAssurance Co. (PRA) This Quarter|
www.americanbankingnews.com - January 24 at 12:56 PM
|Factors of Influence in 2018, Key Indicators and Opportunity within Wright Medical Group N.V, NBT, Carolina Financial, Cohu, ProAssurance, and At Home Group — New Research Emphasizes Economic Growth|
finance.yahoo.com - January 24 at 9:11 AM
|Critical Comparison: ProAssurance (PRA) versus Markel (MKL)|
www.americanbankingnews.com - January 23 at 1:18 PM
|ProAssurance Corporation Announces Dates for Year-End and Fourth Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - January 23 at 8:44 AM
|Zacks Investment Research Lowers ProAssurance (PRA) to Hold|
www.americanbankingnews.com - January 22 at 7:54 PM
|Proassurance Corp (PRA) CEO & President William Stancil Starnes Sold $5.5 million of Shares|
finance.yahoo.com - January 18 at 11:07 AM
|Insider Selling: ProAssurance Corporation (PRA) Chairman Sells 10,736 Shares of Stock|
www.americanbankingnews.com - January 17 at 7:04 PM
|ProAssurance Promotes Edward L. Rand to Chief Operating Officer|
finance.yahoo.com - January 17 at 4:48 PM
|Who Are The Major Shareholders Of ProAssurance Corporation (NYSE:PRA)?|
finance.yahoo.com - January 16 at 10:10 AM
|ProAssurance Corporation (PRA) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - January 14 at 1:32 AM
|ProAssurance Corporation (PRA) CEO Sells $1,424,538.96 in Stock|
www.americanbankingnews.com - January 12 at 6:26 PM
|Insider Selling: ProAssurance Corporation (PRA) Chairman Sells 2,442 Shares of Stock|
www.americanbankingnews.com - January 11 at 6:58 PM
|United Fire Group (UFCS) & ProAssurance (PRA) Critical Review|
www.americanbankingnews.com - January 9 at 7:32 AM
|Is ProAssurance Corporation’s (NYSE:PRA) CEO Incentives Align With Yours?|
finance.yahoo.com - January 8 at 4:51 PM
|ProAssurance Corporation (PRA) Expected to Announce Quarterly Sales of $214.65 Million|
www.americanbankingnews.com - January 7 at 1:54 PM
|ProAssurance (PRA) Upgraded by Zacks Investment Research to "Buy"|
www.americanbankingnews.com - January 5 at 2:02 PM
|Zacks: Analysts Expect ProAssurance Corporation (PRA) to Announce $0.62 Earnings Per Share|
www.americanbankingnews.com - January 5 at 3:32 AM
|Does ProAssurance Corporation’s (NYSE:PRA) PE Ratio Warrant A Sell?|
finance.yahoo.com - January 1 at 10:02 AM
|ProAssurance Grows Inorganically Led by Strong Capital Level|
www.zacks.com - December 26 at 10:06 AM
|ETFs with exposure to ProAssurance Corp. : December 25, 2017|
finance.yahoo.com - December 25 at 6:18 PM
|Q1 2018 EPS Estimates for ProAssurance Corporation Decreased by Analyst (PRA)|
www.americanbankingnews.com - December 25 at 5:56 AM
|Boenning Scattergood Equities Analysts Raise Earnings Estimates for ProAssurance Corporation (PRA)|
www.americanbankingnews.com - December 22 at 3:58 PM
|ProAssurance Corp. : PRA-US: Dividend Analysis : December 21st, 2017 (record date) : By the numbers : December 21, 2017|
finance.yahoo.com - December 21 at 4:46 PM
|Contrasting ProAssurance (PRA) & OneBeacon Insurance Group (OB)|
www.americanbankingnews.com - December 15 at 5:30 PM
|Head to Head Comparison: ProAssurance (PRA) & Federated National (FNHC)|
www.americanbankingnews.com - December 15 at 5:28 PM
|ETFs with exposure to ProAssurance Corp. : December 14, 2017|
finance.yahoo.com - December 14 at 5:16 PM
|ProAssurance (PRA) Lifted to Buy at Zacks Investment Research|
www.americanbankingnews.com - December 13 at 10:20 AM
|Has ProAssurance Corporation (PRA) Improved Earnings Growth In Recent Times?|
finance.yahoo.com - December 7 at 10:32 AM
|ProAssurance (PRA) Receives Hold Rating from Keefe, Bruyette & Woods|
www.americanbankingnews.com - December 6 at 8:34 PM
|ProAssurance Corporation (PRA) Expected to Post Quarterly Sales of $214.65 Million|
www.americanbankingnews.com - December 3 at 3:44 AM
|ETFs with exposure to ProAssurance Corp. : December 1, 2017|
finance.yahoo.com - December 1 at 5:28 PM
|ProAssurance Corp. :PRA-US: Earnings Analysis: Q3, 2017 By the Numbers : November 30, 2017|
finance.yahoo.com - November 30 at 10:47 AM
|ProAssurance Corporation (PRA) Announces $0.31 Quarterly Dividend|
www.americanbankingnews.com - November 29 at 5:02 PM
|W.R. Berkley (WRB) vs. ProAssurance (PRA) Critical Contrast|
www.americanbankingnews.com - November 27 at 10:26 AM
|ProAssurance Corporation (PRA) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - November 25 at 2:14 AM
|Will ProAssurance Corporation (PRA) Continue To Underperform Its Industry?|
finance.yahoo.com - November 22 at 6:50 AM
|Head to Head Analysis: RLI Corp. (RLI) & ProAssurance Corporation (PRA)|
www.americanbankingnews.com - November 18 at 3:32 PM
| Analysts Anticipate ProAssurance Corporation (PRA) to Announce $0.64 EPS|
www.americanbankingnews.com - November 13 at 2:34 PM
|Research Analysts Issue Forecasts for ProAssurance Corporation's FY2017 Earnings (PRA)|
www.americanbankingnews.com - November 10 at 1:54 PM
|Research Analysts Offer Predictions for ProAssurance Corporation's Q1 2018 Earnings (PRA)|
www.americanbankingnews.com - November 9 at 11:16 AM
|FY2017 EPS Estimates for ProAssurance Corporation (PRA) Lifted by Boenning Scattergood|
www.americanbankingnews.com - November 9 at 7:21 AM
|ProAssurance Corporation (PRA) versus Berkshire Hathaway (BRK.A) Critical Survey|
www.americanbankingnews.com - November 8 at 11:39 PM
|ProAssurance Corporation (PRA) Upgraded to Hold by Zacks Investment Research|
www.americanbankingnews.com - November 8 at 5:45 PM
|Boenning Scattergood Brokers Increase Earnings Estimates for ProAssurance Corporation (PRA)|
www.americanbankingnews.com - November 8 at 1:14 PM
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 Sunday, February, 18, 2018