News stories about ProAssurance Corporation (NYSE:PRA) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ProAssurance Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 47.7865373098243 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Research Analysts Set Expectations for ProAssurance Corporation’s FY2017 Earnings (NYSE:PRA) (americanbankingnews.com)
- $0.49 EPS Expected for ProAssurance Corporation (PRA) This Quarter (americanbankingnews.com)
- Q3 2017 Earnings Forecast for ProAssurance Corporation Issued By Boenning Scattergood (NYSE:PRA) (americanbankingnews.com)
- ProAssurance Corporation (NYSE:PRA) to Post Q3 2017 Earnings of $0.53 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- Insider Buying: ProAssurance Corporation (NYSE:PRA) Insider Purchases 2,000 Shares of Stock (americanbankingnews.com)
PRA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded ProAssurance Corporation from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Wednesday, July 5th. BidaskClub upgraded ProAssurance Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance Corporation in a report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods initiated coverage on ProAssurance Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $61.00 price objective for the company. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $63.33.
ProAssurance Corporation (NYSE PRA) traded down 0.45% during midday trading on Friday, reaching $54.80. The company had a trading volume of 173,965 shares. The company has a market capitalization of $2.93 billion, a PE ratio of 19.58 and a beta of 0.51. ProAssurance Corporation has a 12-month low of $50.50 and a 12-month high of $63.53. The stock has a 50-day moving average price of $59.85 and a 200 day moving average price of $59.23.
ProAssurance Corporation (NYSE:PRA) last announced its earnings results on Monday, August 7th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The business had revenue of $205.58 million during the quarter, compared to analyst estimates 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 for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. Equities analysts forecast that ProAssurance Corporation will post $2.16 EPS for the current year.
In related news, insider Howard H. Friedman bought 2,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average cost of $55.00 per share, with a total value of $110,000.00. Following the transaction, the insider now directly owns 259,573 shares in the company, valued at $14,276,515. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Lewis Rand, Jr. sold 3,155 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $60.11, for a total value of $189,647.05. Following the transaction, the insider now directly owns 120,014 shares of the company’s stock, valued at $7,214,041.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,000 shares of company stock valued at $1,703,438. 1.80% of the stock is owned by corporate insiders.
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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