ProAssurance Co. (NYSE:PRA) – Analysts at Boenning Scattergood issued their Q1 2020 EPS estimates for shares of ProAssurance in a research report issued on Tuesday, March 10th. Boenning Scattergood analyst R. Farnam forecasts that the insurance provider will earn $0.07 per share for the quarter. Boenning Scattergood also issued estimates for ProAssurance’s Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.02 EPS, FY2020 earnings at $0.25 EPS, Q1 2021 earnings at $0.12 EPS, Q2 2021 earnings at $0.11 EPS, Q3 2021 earnings at $0.09 EPS, Q4 2021 earnings at $0.03 EPS and FY2021 earnings at $0.35 EPS.
PRA has been the subject of a number of other research reports. Piper Jaffray Companies cut ProAssurance from a “neutral” rating to an “underweight” rating in a research report on Wednesday, January 8th. SunTrust Banks reduced their price target on ProAssurance from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, February 24th. Piper Sandler cut ProAssurance from a “neutral” rating to an “underweight” rating and set a $38.00 price target for the company. in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods raised ProAssurance from an “underperform” rating to a “market perform” rating and set a $36.00 price target for the company in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.20.Shares of NYSE:PRA opened at $21.86 on Friday. ProAssurance has a fifty-two week low of $18.00 and a fifty-two week high of $42.03. The business has a 50-day moving average of $29.86 and a two-hundred day moving average of $36.20. The stock has a market capitalization of $1.15 billion, a P/E ratio of 1,093.55 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.43 and a quick ratio of 0.43.
ProAssurance (NYSE:PRA) last announced its quarterly earnings results on Thursday, February 20th. The insurance provider reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($1.47). ProAssurance had a negative return on equity of 2.80% and a net margin of 0.10%. The company had revenue of $249.47 million during the quarter, compared to analyst estimates of $237.90 million. During the same period in the prior year, the firm earned $0.18 EPS. ProAssurance’s quarterly revenue was up 39.0% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC increased its stake in shares of ProAssurance by 1.8% in the third quarter. Mason Street Advisors LLC now owns 18,254 shares of the insurance provider’s stock worth $735,000 after purchasing an additional 315 shares during the period. Amalgamated Bank increased its stake in shares of ProAssurance by 7.9% in the fourth quarter. Amalgamated Bank now owns 8,843 shares of the insurance provider’s stock worth $320,000 after purchasing an additional 647 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of ProAssurance by 9.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,009 shares of the insurance provider’s stock worth $289,000 after purchasing an additional 711 shares during the period. Busey Wealth Management bought a new position in ProAssurance during the fourth quarter valued at about $27,000. Finally, Sowell Financial Services LLC bought a new position in ProAssurance during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 86.53% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 27th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.67%. ProAssurance’s payout ratio is presently -153.09%.
ProAssurance Company Profile
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, Segregated Portfolio Cell Reinsurance, and Lloyd’s Syndicate segments.