ProAssurance Co. (NYSE:PRA) Announces Quarterly Dividend of $0.31

ProAssurance Co. (NYSE:PRA) announced a quarterly dividend on Thursday, December 12th, Wall Street Journal reports. Stockholders of record on Friday, December 27th will be paid a dividend of 0.31 per share by the insurance provider on Tuesday, January 14th. This represents a $1.24 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, December 26th.

Shares of NYSE PRA opened at $37.20 on Friday. The company’s 50-day simple moving average is $38.27 and its 200-day simple moving average is $38.55. ProAssurance has a 52-week low of $34.11 and a 52-week high of $45.45. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 25.14 and a beta of 0.50. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.19.

ProAssurance (NYSE:PRA) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.16. ProAssurance had a net margin of 3.86% and a return on equity of 2.19%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $239.61 million. During the same quarter last year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 870.3% compared to the same quarter last year. Equities research analysts anticipate that ProAssurance will post 0.63 EPS for the current fiscal year.

Several brokerages have recently issued reports on PRA. ValuEngine lowered shares of ProAssurance from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Zacks Investment Research downgraded shares of ProAssurance from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. ProAssurance currently has an average rating of “Hold” and an average target price of $41.00.

About ProAssurance

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, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments.

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Dividend History for ProAssurance (NYSE:PRA)

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