
ProAssurance Corporation (NYSE:PRA – Free Report) – DOWLING & PARTN issued their FY2026 EPS estimates for shares of ProAssurance in a research note issued on Wednesday, May 20th. DOWLING & PARTN analyst N. Iacoviello forecasts that the insurance provider will post earnings of $1.25 per share for the year. The consensus estimate for ProAssurance’s current full-year earnings is $1.09 per share.
Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of ProAssurance from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Zacks Research upgraded ProAssurance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ProAssurance currently has a consensus rating of “Buy”.
ProAssurance Price Performance
Shares of PRA opened at $24.50 on Thursday. The firm has a market cap of $1.26 billion, a PE ratio of 19.60 and a beta of 0.04. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $24.60 and a two-hundred day simple moving average of $24.36. ProAssurance has a 1-year low of $22.72 and a 1-year high of $24.85.
ProAssurance (NYSE:PRA – Get Free Report) last announced its earnings results on Tuesday, May 5th. The insurance provider reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $262.63 million during the quarter, compared to analyst estimates of $216.86 million. ProAssurance had a net margin of 5.99% and a return on equity of 6.82%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS.
Institutional Investors Weigh In On ProAssurance
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Magnetar Financial LLC increased its stake in shares of ProAssurance by 15.1% in the 4th quarter. Magnetar Financial LLC now owns 3,484,563 shares of the insurance provider’s stock worth $84,187,000 after purchasing an additional 458,390 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of ProAssurance by 41.6% in the 3rd quarter. Alliancebernstein L.P. now owns 2,711,805 shares of the insurance provider’s stock worth $65,056,000 after purchasing an additional 796,132 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of ProAssurance by 50.3% in the 1st quarter. Hsbc Holdings PLC now owns 1,573,422 shares of the insurance provider’s stock worth $38,879,000 after purchasing an additional 526,262 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of ProAssurance by 186.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,491,060 shares of the insurance provider’s stock worth $34,041,000 after purchasing an additional 969,833 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of ProAssurance by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,199,244 shares of the insurance provider’s stock worth $28,978,000 after purchasing an additional 4,607 shares in the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.
ProAssurance Company Profile
ProAssurance Corporation is a specialty property and casualty insurance holding company headquartered in Birmingham, Alabama. The company focuses primarily on professional liability coverage for healthcare providers, including physicians, surgeons, dentists and allied health professionals. ProAssurance operates through a group of insurance subsidiaries that underwrite both occurrence- and claims-made policies tailored to the unique risks faced by the medical community.
In addition to professional liability insurance, ProAssurance offers a suite of complementary property and casualty products, such as general liability, workers’ compensation, property and inland marine, and umbrella coverage.
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