ProAssurance Co. (NYSE:PRA - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $17.50 and last traded at $17.50, with a volume of 378 shares. The stock had previously closed at $16.31.
Analyst Upgrades and Downgrades
PRA has been the subject of several recent research reports. Truist Financial cut their price target on ProAssurance from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Monday, August 12th. JMP Securities reduced their target price on ProAssurance from $22.00 to $20.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 17th.
View Our Latest Report on ProAssurance
ProAssurance Stock Up 4.2 %
The firm has a 50 day simple moving average of $14.45 and a two-hundred day simple moving average of $13.56. The stock has a market capitalization of $869.14 million, a P/E ratio of -39.34 and a beta of 0.24. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.38.
ProAssurance (NYSE:PRA - Get Free Report) last issued its earnings results on Thursday, August 8th. The insurance provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.08 by $0.15. The firm had revenue of $290.30 million during the quarter, compared to the consensus estimate of $235.61 million. ProAssurance had a positive return on equity of 0.86% and a negative net margin of 2.00%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts expect that ProAssurance Co. will post 0.58 earnings per share for the current year.
Institutional Investors Weigh In On ProAssurance
Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of ProAssurance during the second quarter worth about $28,000. nVerses Capital LLC bought a new stake in ProAssurance during the 3rd quarter worth approximately $44,000. Innealta Capital LLC acquired a new position in ProAssurance in the 2nd quarter valued at approximately $69,000. ProShare Advisors LLC bought a new position in shares of ProAssurance during the first quarter valued at $132,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of ProAssurance during the second quarter valued at $166,000. Institutional investors own 85.58% of the company's stock.
ProAssurance Company Profile
(
Get Free Report)
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.
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