Somewhat Favorable News Coverage Somewhat Unlikely to Affect ProAssurance (PRA) Share Price

Media stories about ProAssurance (NYSE:PRA) have been trending somewhat positive on Monday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ProAssurance earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 47.0795609837388 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded ProAssurance from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a research note on Tuesday, November 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $60.00 target price on shares of ProAssurance in a research note on Monday, October 16th. Finally, Buckingham Research assumed coverage on ProAssurance in a research note on Monday, September 11th. They set a “neutral” rating and a $54.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. ProAssurance currently has an average rating of “Hold” and a consensus target price of $60.75.

ProAssurance (NYSE:PRA) opened at $61.55 on Monday. The company has a market capitalization of $3,287.69, a P/E ratio of 26.76 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. ProAssurance has a one year low of $50.70 and a one year high of $63.53.

ProAssurance (NYSE:PRA) last released its earnings results on Monday, November 6th. The insurance provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.09. The company had revenue of $228.50 million during the quarter, compared to analysts’ expectations of $215.12 million. ProAssurance had a return on equity of 6.75% and a net margin of 16.18%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. sell-side analysts anticipate that ProAssurance will post 2.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, December 20th. ProAssurance’s dividend payout ratio (DPR) is presently 46.10%.

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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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