ProAssurance (PRA) Earns Media Impact Rating of 0.18
Media stories about ProAssurance (NYSE:PRA) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ProAssurance earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.4885877359162 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
PRA has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $61.00 price target on shares of ProAssurance in a report on Wednesday, December 6th. Zacks Investment Research upgraded ProAssurance from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a report on Tuesday, November 7th. Finally, Buckingham Research started coverage on ProAssurance in a report on Monday, September 11th. They issued a “neutral” rating and a $54.00 target price for the company. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $61.00.
Shares of ProAssurance (NYSE:PRA) traded up $0.20 during trading on Tuesday, hitting $61.25. The stock had a trading volume of 174,422 shares, compared to its average volume of 152,358. The stock has a market cap of $3,269.01, a PE ratio of 26.61 and a beta of 0.58. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. ProAssurance has a 12-month low of $50.70 and a 12-month high of $63.53.
ProAssurance (NYSE:PRA) last announced its earnings results on Monday, November 6th. The insurance provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.09. ProAssurance had a return on equity of 6.75% and a net margin of 16.18%. The firm had revenue of $228.50 million during the quarter, compared to analysts’ expectations of $215.12 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts expect that ProAssurance will post 2.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, December 20th. ProAssurance’s payout ratio is currently 46.10%.
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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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