ProAssurance Corporation (NYSE:PRA) – Investment analysts at SunTrust Banks lifted their FY2017 earnings per share (EPS) estimates for ProAssurance Corporation in a research note issued on Tuesday. SunTrust Banks analyst M. Hughes now forecasts that the insurance provider will post earnings per share of $2.07 for the year, up from their prior forecast of $2.03.

A number of other research firms also recently commented on PRA. Boenning Scattergood reaffirmed a “hold” rating on shares of ProAssurance Corporation in a report on Tuesday, August 1st. BidaskClub downgraded ProAssurance Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods assumed coverage on ProAssurance Corporation in a report on Monday, July 17th. They set a “market perform” rating and a $61.00 target price for the company. Zacks Investment Research raised ProAssurance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Buckingham Research assumed coverage on ProAssurance Corporation in a report 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 given a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.75.

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ProAssurance Corporation (NYSE:PRA) traded down $0.12 during trading on Friday, hitting $60.28. The company had a trading volume of 35,288 shares, compared to its average volume of 139,182. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.37. ProAssurance Corporation has a 12-month low of $50.70 and a 12-month high of $63.53. The firm has a market capitalization of $3,220.00, a P/E ratio of 26.30 and a beta of 0.54.

ProAssurance Corporation (NYSE:PRA) last released its earnings results on Monday, November 6th. The insurance provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.09. ProAssurance Corporation had a return on equity of 6.75% and a net margin of 16.18%. The firm had revenue of $228.50 million during the quarter, compared to the consensus estimate of $215.12 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year.

In related news, insider Neil Frank B. O purchased 2,500 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $54.50 per share, with a total value of $136,250.00. Following the completion of the acquisition, the insider now owns 104,431 shares of the company’s stock, valued at approximately $5,691,489.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

A number of large investors have recently made changes to their positions in PRA. OppenheimerFunds Inc. lifted its holdings in ProAssurance Corporation by 27.0% in the first quarter. OppenheimerFunds Inc. now owns 10,745 shares of the insurance provider’s stock valued at $647,000 after acquiring an additional 2,286 shares during the period. Wellington Management Group LLP increased its position in shares of ProAssurance Corporation by 33.3% in the first quarter. Wellington Management Group LLP now owns 7,675 shares of the insurance provider’s stock valued at $462,000 after buying an additional 1,916 shares in the last quarter. Morgan Stanley increased its position in shares of ProAssurance Corporation by 258.0% in the first quarter. Morgan Stanley now owns 54,085 shares of the insurance provider’s stock valued at $3,259,000 after buying an additional 38,976 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of ProAssurance Corporation by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 243,581 shares of the insurance provider’s stock valued at $14,676,000 after buying an additional 9,382 shares in the last quarter. Finally, State Street Corp increased its position in shares of ProAssurance Corporation by 15.6% in the first quarter. State Street Corp now owns 1,232,824 shares of the insurance provider’s stock valued at $74,274,000 after buying an additional 166,133 shares in the last quarter. 80.32% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for ProAssurance Corporation (NYSE:PRA)

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