Somewhat Positive Press Coverage Somewhat Unlikely to Impact ProAssurance (PRA) Stock Price

Media stories about ProAssurance (NYSE:PRA) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ProAssurance earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.7051174048878 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $60.00 price target on shares of ProAssurance in a report on Monday, October 16th. Boenning Scattergood reissued a “hold” rating on shares of ProAssurance in a report on Tuesday, November 7th. Zacks Investment Research raised shares of ProAssurance from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Buckingham Research assumed coverage on shares of ProAssurance in a report on Monday, September 11th. They issued a “neutral” rating and a $54.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $61.00.

ProAssurance (PRA) traded down $0.30 during trading hours on Friday, hitting $61.20. 150,700 shares of the stock traded hands, compared to its average volume of 152,295. ProAssurance has a 12-month low of $50.70 and a 12-month high of $63.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $3,293.05, a PE ratio of 26.80 and a beta of 0.58.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be given a $0.31 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.03%. ProAssurance’s dividend payout ratio is 46.10%.

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About ProAssurance

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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