ProAssurance Corp. (PRA) Reaches New 1-Year High at $55.43
ProAssurance Corp. (NYSE:PRA)’s share price reached a new 52-week high on Thursday . The company traded as high as $55.43 and last traded at $54.83, with a volume of 36,862 shares. The stock had previously closed at $55.02.
A number of research firms recently weighed in on PRA. Zacks Investment Research raised ProAssurance Corp. from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, August 9th. TheStreet cut ProAssurance Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, JMP Securities upped their price target on ProAssurance Corp. to $57.00 and gave the stock an “outperform” rating in a report on Monday, June 13th.
The stock has a market capitalization of $2.92 billion and a price-to-earnings ratio of 27.29. The company’s 50-day moving average price is $53.20 and its 200 day moving average price is $51.03.
ProAssurance Corp. (NYSE:PRA) last posted its earnings results on Wednesday, August 3rd. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.10. The firm had revenue of $214.80 million for the quarter, compared to analyst estimates of $202.70 million. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. Equities analysts expect that ProAssurance Corp. will post $2.42 EPS for the current fiscal year.
ProAssurance Corporation 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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