ProAssurance (NYSE:PRA – Get Free Report) announced its quarterly earnings results on Monday. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.19, Zacks reports. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%.
ProAssurance Stock Up 0.2 %
Shares of NYSE:PRA opened at $14.02 on Tuesday. ProAssurance has a one year low of $10.76 and a one year high of $17.79. The company has a 50 day moving average of $15.14 and a 200-day moving average of $15.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $717.21 million, a price-to-earnings ratio of 16.89 and a beta of 0.27.
Analyst Ratings Changes
Several research firms have weighed in on PRA. Truist Financial raised their price objective on shares of ProAssurance from $14.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Piper Sandler cut shares of ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of ProAssurance from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th.
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, 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.
Featured Articles
- Five stocks we like better than ProAssurance
- Investing in Travel Stocks Benefits
- The Behemoth BlackRock’s Next Trillion Comes From Private Assets
- How is Compound Interest Calculated?
- Rivian’s Rough Patch: Is the Dip a Doorway to Long-Term Gains?
- What Are Some of the Best Large-Cap Stocks to Buy?
- Institutions Signal Opportunty to Buy High-Yield Kraft-Heinz
Receive News & Ratings for ProAssurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProAssurance and related companies with MarketBeat.com's FREE daily email newsletter.
