News headlines about ProAssurance (NYSE:PRA) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ProAssurance earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.2741578836593 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- ProAssurance (PRA) Downgraded to Strong Sell at BidaskClub (americanbankingnews.com)
- ProAssurance’s (PRA) “Hold” Rating Reiterated at Boenning Scattergood (americanbankingnews.com)
- Edited Transcript of PRA presentation 8-Mar-17 4:35pm GMT (finance.yahoo.com)
- ProAssurance (PRA) Given a $52.00 Price Target by Keefe, Bruyette & Woods Analysts (americanbankingnews.com)
PRA stock opened at $46.00 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.26. The company has a market cap of $2,437.64, a P/E ratio of 22.77 and a beta of 0.56. ProAssurance has a 1-year low of $45.20 and a 1-year high of $63.45.
ProAssurance (NYSE:PRA) last posted its earnings results on Wednesday, February 21st. The insurance provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.07). The business had revenue of $209.12 million for the quarter, compared to analyst estimates of $217.03 million. ProAssurance had a return on equity of 6.11% and a net margin of 12.38%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. equities analysts forecast that ProAssurance will post 1.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Thursday, March 29th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.24 annualized dividend and a yield of 2.70%. ProAssurance’s dividend payout ratio (DPR) is presently 61.39%.
A number of research analysts recently weighed in on PRA shares. Raymond James Financial raised ProAssurance from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Zacks Investment Research lowered ProAssurance from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. TheStreet lowered ProAssurance from a “b” rating to a “c+” rating in a report on Friday, March 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 target price on shares of ProAssurance in a report on Tuesday, February 27th. Finally, Boenning Scattergood reissued a “hold” rating on shares of ProAssurance in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. ProAssurance presently has a consensus rating of “Hold” and an average price target of $54.75.
In related news, Chairman William Stancil Starnes sold 10,736 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $55.00, for a total value of $590,480.00. Following the completion of the sale, the chairman now directly owns 267,036 shares in the company, valued at approximately $14,686,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.
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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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