ProAssurance (NYSE:PRA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Shares of PRA stock opened at $37.27 on Tuesday. The firm’s 50 day moving average is $37.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $2.06 billion, a PE ratio of 25.18 and a beta of 0.55. ProAssurance has a twelve month low of $34.11 and a twelve month high of $49.47.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Friday, June 14th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, June 13th. ProAssurance’s dividend payout ratio is currently 83.78%.
PRA has been the subject of several recent research reports. JMP Securities reduced their price target on ProAssurance from $50.00 to $45.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 10th. ValuEngine cut ProAssurance from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods cut ProAssurance from a “market perform” rating to an “underperform” rating and set a $33.00 price target for the company. in a research report on Monday, May 20th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. ProAssurance currently has an average rating of “Hold” and an average price target of $44.20.
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.
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