ProAssurance Corporation (PRA) Getting Very Positive Media Coverage, AlphaOne Reports
News headlines about ProAssurance Corporation (NYSE:PRA) have been trending very positive on Friday, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ProAssurance Corporation earned a news impact score of 0.57 on AlphaOne’s scale. AlphaOne also gave media coverage about the insurance provider an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s analysis:
- ProAssurance Corporation (PRA) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- Brokerages Anticipate ProAssurance Corporation (PRA) to Announce $0.54 Earnings Per Share (americanbankingnews.com)
- ProAssurance Corp. – Value Analysis (NYSE:PRA) : June 13, 2017 (finance.yahoo.com)
- ProAssurance Corp. breached its 50 day moving average in a Bullish Manner : PRA-US : June 12, 2017 (finance.yahoo.com)
Several brokerages have commented on PRA. BidaskClub upgraded ProAssurance Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered ProAssurance Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, February 28th. Finally, Boenning Scattergood reiterated a “neutral” rating on shares of ProAssurance Corporation in a research note on Tuesday, April 11th.
ProAssurance Corporation (NYSE:PRA) traded up 0.99% on Friday, reaching $61.45. The company’s stock had a trading volume of 303,190 shares. ProAssurance Corporation has a 52 week low of $50.50 and a 52 week high of $63.53. The firm has a market capitalization of $3.28 billion, a PE ratio of 18.97 and a beta of 0.50. The stock’s 50 day moving average is $59.65 and its 200-day moving average is $58.57.
ProAssurance Corporation (NYSE:PRA) last released its earnings results on Thursday, May 4th. The insurance provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. ProAssurance Corporation had a return on equity of 7.19% and a net margin of 19.25%. The business had revenue of $223 million for the quarter, compared to the consensus estimate of $211.53 million. During the same period last year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Analysts predict that ProAssurance Corporation will post $2.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Tuesday, June 27th will be given 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 of this dividend is Friday, June 23rd. ProAssurance Corporation’s dividend payout ratio (DPR) is presently 38.39%.
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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