NYSE:PRA

ProAssurance (PRA) Stock Price, News & Analysis

$14.77
+0.07 (+0.48%)
(As of 05/10/2024 ET)
Today's Range
$14.45
$14.81
50-Day Range
$11.86
$15.17
52-Week Range
$11.76
$19.38
Volume
228,808 shs
Average Volume
271,819 shs
Market Capitalization
$752.83 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.67

ProAssurance MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
19.6% Upside
$17.67 Price Target
Short Interest
Healthy
1.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
0.43mentions of ProAssurance in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
103.85%
From $0.26 to $0.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Finance Sector

212th out of 876 stocks

Fire, Marine, & Casualty Insurance Industry

15th out of 52 stocks

PRA stock logo

About ProAssurance Stock (NYSE:PRA)

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 Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds. The company also provides workers' compensation insurance products, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Syndicate 1729 at Lloyd's of London for underwriting. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

PRA Stock Price History

PRA Stock News Headlines

Key Takeaways From ProAssurance Analyst Ratings
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See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
5/10/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
74267C10
Employees
1,094
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.67
High Stock Price Target
$22.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+21.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-38,600,000.00
Pretax Margin
-3.44%

Debt

Sales & Book Value

Annual Sales
$1.13 billion
Cash Flow
$1.30 per share
Book Value
$21.82 per share

Miscellaneous

Free Float
50,475,000
Market Cap
$742.11 million
Optionable
Optionable
Beta
0.21
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Key Executives

  • Mr. Edward Lewis Rand Jr. (Age 57)
    CPA, President, CEO & Director
    Comp: $1.53M
  • Ms. Dana Shannon Hendricks CPA (Age 56)
    Executive VP, Treasurer & CFO
    Comp: $692.48k
  • Mr. Jeffrey Patton Lisenby Esq. (Age 55)
    Executive VP, General Counsel, Corporate Secretary & Head of Corporate Legal Department
    Comp: $720.51k
  • Mr. Robert David Francis (Age 61)
    President of Healthcare Professional Liability
    Comp: $881.88k
  • Mr. Kevin Merrick Shook CPA (Age 55)
    President of Workers Compensation Insurance - Eastern Alliance Insurance Group
    Comp: $710.05k
  • Mr. Lawrence K. Cochran
    Chief Investment Officer, Head of Treasury & VP
  • Ms. Kathryn Anne Neville Esq.
    Chief Compliance Officer & VP
  • Ms. Noreen L. Dishart CCP (Age 60)
    SPHR, Chief Human Resources Officer & Executive VP
  • Mr. Darryl Keith Thomas (Age 66)
    Senior VP & Chief Claims Officer
    Comp: $954.43k
  • Luke Cicchinelli D.P.M.
    Chief Medical Director

PRA Stock Analysis - Frequently Asked Questions

Should I buy or sell ProAssurance stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRA shares.
View PRA analyst ratings
or view top-rated stocks.

What is ProAssurance's stock price target for 2024?

3 brokerages have issued 12-month target prices for ProAssurance's shares. Their PRA share price targets range from $15.00 to $22.00. On average, they predict the company's share price to reach $17.67 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
View analysts price targets for PRA
or view top-rated stocks among Wall Street analysts.

How have PRA shares performed in 2024?

ProAssurance's stock was trading at $13.79 at the beginning of the year. Since then, PRA shares have increased by 7.1% and is now trading at $14.77.
View the best growth stocks for 2024 here
.

Are investors shorting ProAssurance?

ProAssurance saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 568,200 shares, a decline of 29.6% from the March 15th total of 807,200 shares. Based on an average daily volume of 277,700 shares, the short-interest ratio is presently 2.0 days. Currently, 1.1% of the company's shares are short sold.
View ProAssurance's Short Interest
.

When is ProAssurance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our PRA earnings forecast
.

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) released its quarterly earnings data on Monday, May, 6th. The insurance provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The insurance provider had revenue of $284.97 million for the quarter, compared to the consensus estimate of $233.62 million. ProAssurance had a negative net margin of 3.39% and a negative trailing twelve-month return on equity of 0.53%. ProAssurance's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share.

Is ProAssurance a good dividend stock?

ProAssurance (NYSE:PRA) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for PRA.

What ETFs hold ProAssurance's stock?
What is Edward (Ned) Rand's approval rating as ProAssurance's CEO?

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.

What other stocks do shareholders of ProAssurance own?

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).

Who are ProAssurance's major shareholders?

ProAssurance's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.24%), Allspring Global Investments Holdings LLC (2.56%), Allspring Global Investments Holdings LLC (2.56%), Principal Financial Group Inc. (0.52%), TimesSquare Capital Management LLC (0.50%) and Assenagon Asset Management S.A. (0.49%).
View institutional ownership trends
.

How do I buy shares of ProAssurance?

Shares of PRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PRA) was last updated on 5/10/2024 by MarketBeat.com Staff

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