ProAssurance (PRA) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $15.99 to $16.28
• 50-Day Range: $12.63 to $17.31
• 52-Week Range: $10.76 to $17.79
• Volume: 143,412 shs
• Average Volume: 281,521 shs
• Market Capitalization: $830.77 million
• P/E Ratio: 19.57
• Dividend Yield: N/A
• Price Target: $18.67
• Consensus Rating: Hold

ProAssurance Stock Analysis - MarketRank™

ProAssurance scored higher than 88% of companies evaluated by MarketBeat, and ranked 235th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

ProAssurance has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ProAssurance has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 16.67%

Earnings Growth

Earnings for ProAssurance are expected to grow by 16.67% in the coming year, from $0.66 to $0.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ProAssurance is 19.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of ProAssurance is 19.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.60.

Price to Book Value per Share Ratio

ProAssurance has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.88% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ProAssurance has recently increased by 35.15%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

ProAssurance does not currently pay a dividend.

Dividend Growth

ProAssurance does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ProAssurance is 24.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ProAssurance will have a dividend payout ratio of 25.97% next year. This indicates that ProAssurance will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -0.19

Percentage of Shares Shorted

1.88% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ProAssurance has recently increased by 35.15%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.36

News Sentiment

ProAssurance has a news sentiment score of 0.36. 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 lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for ProAssurance this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

PRA Stock Analysis - Frequently Asked Questions

How have PRA shares performed this year?

ProAssurance's stock was trading at $13.79 on January 1st, 2024. Since then, PRA stock has increased by 17.8% and is now trading at $16.24.
View the best growth stocks for 2024 here.

How were ProAssurance's earnings last quarter?

ProAssurance Co. (NYSE:PRA) posted its quarterly earnings data on Thursday, August, 8th. The insurance provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.15. The firm's revenue for the quarter was down .5% on a year-over-year basis.

Who are ProAssurance's major shareholders?

ProAssurance's top institutional investors include Wellington Management Group LLP (6.18%), State Street Corp (3.85%), Allspring Global Investments Holdings LLC (2.57%) and Geode Capital Management LLC (2.29%).
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.

What other stocks do shareholders of ProAssurance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ProAssurance investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Broadcom (AVGO), Tesla (TSLA) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

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: $18.67
• High Stock Price Target: $20.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +14.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.83
• Trailing P/E Ratio: 19.57
• Forward P/E Ratio: 24.61
• P/E Growth: N/A
• Net Income: $-38,600,000.00
• Net Margins: 3.71%
• Pretax Margin: 4.67%
• Return on Equity: 2.65%
• Return on Assets: 0.54%

Debt

• Debt-to-Equity Ratio: 0.35
• Current Ratio: 0.28
• Quick Ratio: 0.28

Sales & Book Value

• Annual Sales: $1.14 billion
• Price / Sales: 0.73
• Cash Flow: $1.19 per share
• Price / Cash Flow: 13.70
• Book Value: $21.82 per share
• Price / Book: 0.74

Miscellaneous

• Outstanding Shares: 51,156,000
• Free Float: 50,660,000
• Market Cap: $830.77 million
• Optionable: Optionable
• Beta: 0.24