Should I buy or sell ProAssurance stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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 Wall Street research analysts have issued 1 year price objectives for ProAssurance's stock. Their PRA share price targets range from $14.00 to $22.00. On average, they predict the company's share price to reach $17.00 in the next year. This suggests a possible upside of 30.0% 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 2024. Since then, PRA shares have decreased by 5.1% and is now trading at $13.08. View the best growth stocks for 2024 here .

Are investors shorting ProAssurance?

ProAssurance saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 568,200 shares, a drop of 29.6% from the March 15th total of 807,200 shares. Based on an average daily trading volume, of 277,700 shares, the short-interest ratio is presently 2.0 days. Approximately 1.1% of the shares of the company 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 Monday, May 6th 2024. View our PRA earnings forecast .

How can I listen to ProAssurance's earnings call?

ProAssurance will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "547985".

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) posted its quarterly earnings data on Tuesday, February, 27th. The insurance provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.09. The insurance provider had revenue of $296.96 million for the quarter, compared to analysts' expectations of $252.74 million. ProAssurance had a negative trailing twelve-month return on equity of 0.53% and a negative net margin of 3.39%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 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?

ETFs with the largest weight of ProAssurance (NYSE:PRA) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP) . iShares U.S. Insurance ETF (IAK) .

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 a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.56%). 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 .

NYSE:PRA

ProAssurance (PRA) Stock Price, News & Analysis

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$13.08

+0.21 (+1.63%)

(As of 04/18/2024 ET)

Compare

Today's Range: $12.87
▼
$13.21
50-Day Range: $11.86
▼
$13.94
52-Week Range: $11.76
▼
$19.38

Volume: 215,149 shs
Average Volume: 275,311 shs
Market Capitalization: $666.67 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $17.00

Get ProAssurance alerts:

ProAssurance MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 30.0% Upside
$17.00 Price Target
Short Interest: Healthy
1.13% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.19
Upright™ Environmental Score
News Sentiment: 0.86
Based on 6 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.

4.78 out of 5 stars

Finance Sector

115th out of 822 stocks

Fire, Marine, & Casualty Insurance Industry

8th out of 50 stocks

3.3

Analyst's Opinion

Consensus Rating
ProAssurance has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
ProAssurance has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.13% of the float of ProAssurance has been sold short.
Short Interest Ratio / Days to Cover
ProAssurance has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ProAssurance has recently decreased by 29.61%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
ProAssurance does not currently pay a dividend.
Dividend Growth
ProAssurance does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, ProAssurance will have a dividend payout ratio of 37.74% next year. This indicates that ProAssurance will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ProAssurance has received a 21.55% net impact score from Upright. Proassurance seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Worker's compensation insurance", "Product liability insurance services", and "Professional indemnity insurance services" products. See details.
Environmental Sustainability
The Environmental Impact score for ProAssurance is -0.19.

3.3

News and Social Media Coverage

News Sentiment
ProAssurance has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for ProAssurance this week, compared to 2 articles on an average week.
MarketBeat Follows
2 people have added ProAssurance to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ProAssurance insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.97% of the stock of ProAssurance is held by insiders.
Percentage Held by Institutions
85.58% of the stock of ProAssurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for ProAssurance are expected to grow by 103.85% in the coming year, from $0.26 to $0.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ProAssurance is -17.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ProAssurance is -17.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
ProAssurance has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

PRA Stock News Headlines

April 16, 2024 | americanbankingnews.com

ProAssurance (NYSE:PRA) Given Market Outperform Rating at JMP Securities

April 15, 2024 | markets.businessinsider.com

ProAssurance Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 8, 2024 | businesswire.com

ProAssurance Announces Dates for Release of First Quarter 2024 Results Release and Investor Teleconference

March 24, 2024 | barrons.com

ProAssurance Corp.

March 21, 2024 | finance.yahoo.com

Here’s Why ProAssurance Corporation (PRA) Fell in Q4

March 20, 2024 | money.usnews.com

Proassurance Corporation

February 29, 2024 | finance.yahoo.com

ProAssurance Corporation (NYSE:PRA) Q4 2023 Earnings Call Transcript

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 29, 2024 | finance.yahoo.com

Q4 2023 ProAssurance Corp Earnings Call

February 27, 2024 | benzinga.com

ProAssurance: Q4 Earnings Insights

February 27, 2024 | markets.businessinsider.com

ProAssurance Corp. Q4 Earnings Summary

February 27, 2024 | finance.yahoo.com

ProAssurance Corp (PRA) Reports Mixed Fourth Quarter 2023 Results

February 27, 2024 | businesswire.com

ProAssurance Reports Results for Fourth Quarter 2023

February 26, 2024 | markets.businessinsider.com

ProAssurance is about to announce earnings — here's what Wall Street expects

February 25, 2024 | finance.yahoo.com

AFL Mar 2024 81.000 put

January 31, 2024 | msn.com

How HSBC became the world’s most accident-prone bank

January 31, 2024 | finance.yahoo.com

Here’s Why ProAssurance (PRA) Declined in Q4

January 30, 2024 | finance.yahoo.com

ProAssurance Announces Fourth Quarter and Year-End 2023 Results Release and Teleconference

January 30, 2024 | theguardian.com

HSBC fined £57m over ‘serious’ deposit protection failings

December 27, 2023 | msn.com

‘Amazing first step’: New hospital price files tool offers one-stop-shop for saving on services

December 8, 2023 | finance.yahoo.com

ProAssurance (PRA) Down 9.6% Since Last Earnings Report: Can It Rebound?

December 7, 2023 | finance.yahoo.com

Here’s Why ProAssurance Corporation (PRA) Shares Increased by 25%

November 28, 2023 | benzinga.com

ProAssurance Stock (NYSE:PRA), Analyst Ratings, Price Targets, Predictions

November 22, 2023 | morningstar.com

ProAssurance Corp PRA

November 21, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on ProAssurance (PRA)

November 14, 2023 | bizjournals.com

Industry headwinds drive loss for Birmingham-based specialty insurer

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Current Symbol: NYSE:PRA
CUSIP: 74267C10
CIK: 1127703
Web: www.proassurance.com
Phone: (205) 877-4400
Fax: 205-868-4073
Employees: 1,094
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $17.00
High Stock Price Target: $22.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +30.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.74)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 50.12
P/E Growth: N/A
Net Income: $-38,600,000.00
Net Margins: -3.39%
Pretax Margin: -3.44%
Return on Equity: -0.53%
Return on Assets: -0.10%

Debt

Debt-to-Equity Ratio: 0.38
Current Ratio: 0.27
Quick Ratio: 0.27

Sales & Book Value

Annual Sales: $1.14 billion
Price / Sales: 0.58
Cash Flow: $1.25 per share
Price / Cash Flow: 10.41
Book Value: $21.82 per share
Price / Book: 0.60

Miscellaneous

Outstanding Shares: 50,970,000
Free Float: 50,475,000
Market Cap: $664.14 million
Optionable: Optionable
Beta: 0.24

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Key Executives

Mr. Edward Lewis Rand Jr. (Age 57)
CPA, President, CEO & Director
Comp: $2.37M
Ms. Dana Shannon Hendricks CPA (Age 56)
Executive VP, Treasurer & CFO
Comp: $950.48k
Mr. Jeffrey Patton Lisenby Esq. (Age 55)
Executive VP, General Counsel, Corporate Secretary & Head of Corporate Legal Department
Comp: $1.01M
Mr. Kevin Merrick Shook CPA (Age 55)
President of Workers Compensation Insurance - Eastern Alliance Insurance Group
Comp: $948.86k
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
Mr. Robert David Francis (Age 61)
President of Healthcare Professional Liability
Comp: $202.23k

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PRA Stock Analysis - Frequently Asked Questions

Should I buy or sell ProAssurance stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ProAssurance in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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 Wall Street research analysts have issued 1 year price objectives for ProAssurance's stock. Their PRA share price targets range from $14.00 to $22.00. On average, they predict the company's share price to reach $17.00 in the next year. This suggests a possible upside of 30.0% 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 2024. Since then, PRA shares have decreased by 5.1% and is now trading at $13.08.
View the best growth stocks for 2024 here.
Are investors shorting ProAssurance?: ProAssurance saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 568,200 shares, a drop of 29.6% from the March 15th total of 807,200 shares. Based on an average daily trading volume, of 277,700 shares, the short-interest ratio is presently 2.0 days. Approximately 1.1% of the shares of the company 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 Monday, May 6th 2024.
View our PRA earnings forecast.
How can I listen to ProAssurance's earnings call?: ProAssurance will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "547985".
How were ProAssurance's earnings last quarter?: ProAssurance Co. (NYSE:PRA) posted its quarterly earnings data on Tuesday, February, 27th. The insurance provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.09. The insurance provider had revenue of $296.96 million for the quarter, compared to analysts' expectations of $252.74 million. ProAssurance had a negative trailing twelve-month return on equity of 0.53% and a negative net margin of 3.39%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 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?: ETFs with the largest weight of ProAssurance (NYSE:PRA) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP).iShares U.S. Insurance ETF (IAK).
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 a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.56%).
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 4/18/2024 by MarketBeat.com Staff

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ProAssurance (PRA) Stock Price, News & Analysis

ProAssurance MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ProAssurance Stock (NYSE:PRA)

PRA Stock Price History

PRA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

PRA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™