Media coverage about ProAssurance Corporation (NYSE:PRA) has trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ProAssurance Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.7770289402578 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of ProAssurance Corporation (NYSE PRA) opened at 53.90 on Friday. ProAssurance Corporation has a 12 month low of $50.50 and a 12 month high of $63.53. The company’s 50 day moving average price is $55.00 and its 200 day moving average price is $58.82. The stock has a market capitalization of $2.88 billion, a PE ratio of 19.26 and a beta of 0.54.
ProAssurance Corporation (NYSE:PRA) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $205.58 million during the quarter, compared to analysts’ expectations of $207.14 million. ProAssurance Corporation had a return on equity of 6.59% and a net margin of 16.80%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Equities analysts anticipate that ProAssurance Corporation will post $2.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be issued a $0.31 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.24 annualized dividend and a dividend yield of 2.30%. ProAssurance Corporation’s dividend payout ratio is currently 44.60%.
PRA has been the subject of several research analyst reports. Zacks Investment Research downgraded ProAssurance Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. BidaskClub raised ProAssurance Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Keefe, Bruyette & Woods initiated coverage on ProAssurance Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $61.00 target price for the company. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of ProAssurance Corporation in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. ProAssurance Corporation has a consensus rating of “Hold” and a consensus price target of $61.00.
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In related news, insider Edward Lewis Rand, Jr. sold 3,155 shares of ProAssurance Corporation stock in a transaction on Monday, June 26th. The stock was sold at an average price of $60.11, for a total transaction of $189,647.05. Following the completion of the transaction, the insider now directly owns 120,014 shares of the company’s stock, valued at $7,214,041.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward Lewis Rand, Jr. sold 13,845 shares of ProAssurance Corporation stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $60.41, for a total value of $836,376.45. Following the transaction, the insider now directly owns 117,079 shares of the company’s stock, valued at $7,072,742.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 7,000 shares of company stock valued at $383,125 and have sold 28,000 shares valued at $1,703,438. Insiders own 1.80% of the company’s stock.
ProAssurance Corporation Company Profile
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.
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