ProAssurance Co. (NYSE:PRA) – Stock analysts at SunTrust Banks dropped their Q1 2018 earnings per share (EPS) estimates for ProAssurance in a research report issued on Thursday. SunTrust Banks analyst M. Hughes now expects that the insurance provider will post earnings of $0.45 per share for the quarter, down from their previous estimate of $0.51. SunTrust Banks also issued estimates for ProAssurance’s Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.54 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $1.90 EPS.
ProAssurance (NYSE:PRA) last issued its earnings results on Wednesday, February 21st. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.07). The business had revenue of $209.12 million for the quarter, compared to the consensus estimate of $217.03 million. ProAssurance had a net margin of 12.38% and a return on equity of 6.11%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS.
Shares of ProAssurance (NYSE PRA) opened at $48.85 on Monday. The stock has a market capitalization of $2,610.00, a P/E ratio of 23.04 and a beta of 0.47. ProAssurance has a 12 month low of $47.60 and a 12 month high of $63.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.46 and a current ratio of 0.46.
In other ProAssurance news, CEO William Stancil Starnes sold 25,896 shares of ProAssurance stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $55.01, for a total value of $1,424,538.96. Following the sale, the chief executive officer now owns 277,772 shares of the company’s stock, valued at approximately $15,280,237.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 39,074 shares of company stock worth $2,149,329. Corporate insiders own 1.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in ProAssurance by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,142,632 shares of the insurance provider’s stock worth $116,988,000 after acquiring an additional 24,219 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of ProAssurance in the 3rd quarter worth approximately $1,565,000. Sei Investments Co. boosted its holdings in shares of ProAssurance by 3.2% in the 3rd quarter. Sei Investments Co. now owns 281,413 shares of the insurance provider’s stock worth $15,379,000 after purchasing an additional 8,675 shares during the period. Keybank National Association OH boosted its holdings in shares of ProAssurance by 11.7% in the 3rd quarter. Keybank National Association OH now owns 32,400 shares of the insurance provider’s stock worth $1,771,000 after purchasing an additional 3,400 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in shares of ProAssurance by 10.4% in the 3rd quarter. Susquehanna International Group LLP now owns 67,361 shares of the insurance provider’s stock worth $3,681,000 after purchasing an additional 6,367 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.
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ProAssurance 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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