ProAssurance Corp. (PRA) Hits New 1-Year High at $55.43
ProAssurance Corp. (NYSE:PRA) hit a new 52-week high on Thursday . The stock traded as high as $55.43 and last traded at $54.83, with a volume of 36,862 shares changing hands. The stock had previously closed at $55.02.
PRA has been the subject of several analyst reports. Zacks Investment Research upgraded ProAssurance Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Monday, July 11th. TheStreet upgraded ProAssurance Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 3rd. Finally, JMP Securities upped their price target on ProAssurance Corp. to $57.00 and gave the company an “outperform” rating in a research report on Monday, June 13th.
The firm has a market capitalization of $2.91 billion and a price-to-earnings ratio of 27.21. The company’s 50-day moving average price is $53.35 and its 200-day moving average price is $51.08.
ProAssurance Corp. (NYSE:PRA) last issued its earnings results on Wednesday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.10. During the same period last year, the firm posted $0.64 earnings per share. The firm earned $214.80 million during the quarter, compared to the consensus estimate of $202.70 million. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that ProAssurance Corp. will post $2.42 earnings per share 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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