Wall Street brokerages expect that ProAssurance Co. (NYSE:PRA) will post $0.13 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for ProAssurance’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.09. ProAssurance posted earnings of $0.48 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 72.9%. The firm is expected to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that ProAssurance will report full year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.60. For the next financial year, analysts expect that the business will report earnings of $0.62 per share, with EPS estimates ranging from $0.55 to $0.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover ProAssurance.

ProAssurance (NYSE:PRA) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.23). ProAssurance had a return on equity of 3.98% and a net margin of 7.01%. The company had revenue of $268.88 million during the quarter, compared to analysts’ expectations of $238.55 million. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 33.8% on a year-over-year basis.

Several equities research analysts have commented on the company. ValuEngine upgraded ProAssurance from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Keefe, Bruyette & Woods lowered ProAssurance from a “market perform” rating to an “underperform” rating and set a $33.00 price objective on the stock. in a research report on Monday, May 20th. Boenning Scattergood restated a “hold” rating on shares of ProAssurance in a research report on Friday, April 26th. Finally, JMP Securities lowered their price objective on ProAssurance from $50.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.20.

ProAssurance stock opened at $37.92 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.37 and a current ratio of 0.37. ProAssurance has a 12 month low of $34.11 and a 12 month high of $49.47. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 25.62 and a beta of 0.61.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, June 13th. ProAssurance’s payout ratio is 83.78%.

Hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in shares of ProAssurance by 56.7% during the 4th quarter. CIBC Asset Management Inc now owns 6,885 shares of the insurance provider’s stock worth $279,000 after buying an additional 2,490 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of ProAssurance by 67.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 45,578 shares of the insurance provider’s stock worth $1,849,000 after buying an additional 18,430 shares during the period. Deutsche Bank AG raised its stake in shares of ProAssurance by 14.8% during the 4th quarter. Deutsche Bank AG now owns 189,527 shares of the insurance provider’s stock worth $7,685,000 after buying an additional 24,451 shares during the period. Larson Financial Group LLC acquired a new position in shares of ProAssurance during the 4th quarter worth approximately $158,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of ProAssurance during the 4th quarter worth approximately $827,000. 81.67% of the stock is owned by institutional investors and hedge funds.

ProAssurance Company Profile

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments.

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Earnings History and Estimates for ProAssurance (NYSE:PRA)

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