ProAssurance Corporation (PRA) Earns Media Sentiment Rating of 0.16
Media coverage about ProAssurance Corporation (NYSE:PRA) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ProAssurance Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 47.211620991273 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have commented on PRA. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance Corporation in a research report on Tuesday, August 8th. Zacks Investment Research cut ProAssurance Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $60.00 price target on shares of ProAssurance Corporation in a research note on Monday, October 16th. Buckingham Research began coverage on ProAssurance Corporation in a research note on Monday, September 11th. They issued a “neutral” rating and a $54.00 price target for the company. Finally, BidaskClub cut ProAssurance Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $60.75.
Shares of ProAssurance Corporation (NYSE:PRA) traded up $0.35 during trading hours on Tuesday, reaching $59.50. The company’s stock had a trading volume of 247,779 shares, compared to its average volume of 153,309. The company has a market capitalization of $3,175.54, a price-to-earnings ratio of 25.85 and a beta of 0.54. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. ProAssurance Corporation has a 1-year low of $50.70 and a 1-year high of $63.53.
ProAssurance Corporation (NYSE:PRA) last announced its quarterly earnings results on Monday, November 6th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $228.50 million for the quarter, compared to analyst estimates of $215.12 million. ProAssurance Corporation had a return on equity of 6.75% and a net margin of 16.18%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. equities research analysts expect that ProAssurance Corporation will post 2.09 earnings per share for the current year.
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About ProAssurance Corporation
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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