News headlines about ProAssurance Corporation (NYSE:PRA) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 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 closest to one being the most favorable. ProAssurance Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 45.97380099003 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- ProAssurance Establishes the Nation’s First Academic Research Program Dedicated to Physician Wellness (finance.yahoo.com)
- UAB lands $1.5M gift from major Birmingham company (finance.yahoo.com)
- Why Is ProAssurance (PRA) Down 10.3% Since the Last Earnings Report? (finance.yahoo.com)
- ProAssurance Corporation (PRA) to Issue $0.31 Quarterly Dividend (americanbankingnews.com)
PRA has been the topic of a number of recent research reports. Keefe, Bruyette & Woods initiated coverage on shares of ProAssurance Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $61.00 target price on the stock. Boenning Scattergood reissued a “hold” rating on shares of ProAssurance Corporation in a report on Tuesday, August 1st. Zacks Investment Research raised shares of ProAssurance Corporation from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Tuesday, May 23rd. Finally, BidaskClub cut shares of ProAssurance Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.33.
ProAssurance Corporation (NYSE PRA) opened at 53.25 on Monday. The firm has a 50-day moving average of $56.01 and a 200-day moving average of $59.01. The company has a market cap of $2.84 billion, a PE ratio of 19.02 and a beta of 0.54. ProAssurance Corporation has a one year low of $50.50 and a one year high of $63.53.
ProAssurance Corporation (NYSE:PRA) last issued its earnings results on Monday, August 7th. The insurance provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. ProAssurance Corporation had a net margin of 16.80% and a return on equity of 6.59%. The business had revenue of $205.58 million for the quarter, compared to analyst estimates of $207.14 million. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. On average, analysts predict that ProAssurance Corporation will post $2.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.24 annualized dividend and a dividend yield of 2.33%. ProAssurance Corporation’s dividend payout ratio (DPR) is currently 44.60%.
In other ProAssurance Corporation news, insider Howard H. Friedman bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average cost of $55.00 per share, for a total transaction of $110,000.00. Following the transaction, the insider now owns 259,573 shares in the company, valued at $14,276,515. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Lewis Rand, Jr. sold 3,155 shares of ProAssurance Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $60.11, for a total transaction of $189,647.05. Following the sale, the insider now owns 120,014 shares in the company, valued at $7,214,041.54. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 7,000 shares of company stock worth $383,125 and have sold 28,000 shares worth $1,703,438. 1.80% of the stock is currently owned by insiders.
ProAssurance Corporation Company Profile
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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