Media coverage about ProAssurance Corporation (NYSE:PRA) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ProAssurance Corporation earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.7731851824419 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- ProAssurance Corporation (NYSE:PRA) Files An 8-K Regulation FD Disclosure (4-traders.com)
- ProAssurance Corp. – Value Analysis (NYSE:PRA) : August 15, 2017 (finance.yahoo.com)
- ProAssurance Corporation (PRA) versus Heritage Insurance Holdings (HRTG) Head to Head Review (americanbankingnews.com)
- ProAssurance Corporation (PRA) Insider Purchases $136,875.00 in Stock (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Proassurance Corp. (finance.yahoo.com)
PRA has been the topic of several research analyst reports. Zacks Investment Research raised shares of ProAssurance Corporation from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Tuesday, May 30th. Boenning Scattergood reissued a “hold” rating on shares of ProAssurance Corporation in a research note on Tuesday, August 1st. BidaskClub cut shares of ProAssurance Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods initiated coverage on shares of ProAssurance Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $61.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.33.
ProAssurance Corporation (NYSE PRA) opened at 55.00 on Friday. The firm has a market cap of $2.94 billion, a PE ratio of 19.65 and a beta of 0.51. The stock has a 50 day moving average of $59.27 and a 200 day moving average of $59.23. ProAssurance Corporation has a 52 week low of $50.50 and a 52 week high of $63.53.
ProAssurance Corporation (NYSE:PRA) last announced its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $205.58 million during the quarter, compared to analysts’ expectations of $207.14 million. ProAssurance Corporation had a return on equity of 6.59% and a net margin of 16.80%. ProAssurance Corporation’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. Analysts anticipate that ProAssurance Corporation will post $2.14 EPS for the current year.
In other ProAssurance Corporation news, insider Neil Frank B. O bought 2,500 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $54.75 per share, with a total value of $136,875.00. Following the purchase, the insider now owns 101,931 shares in the company, valued at $5,580,722.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Lewis Rand, Jr. sold 13,845 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $60.41, for a total value of $836,376.45. Following the sale, the insider now directly owns 117,079 shares of the company’s stock, valued at $7,072,742.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,000 shares of company stock valued at $1,703,438. 1.80% of the stock is currently owned by company insiders.
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ProAssurance Corporation 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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